In the future, the Aster Chain will be developed, a layer 1 designed for trading.
Aster is a direct competitor of Hyperliquid.
Making a word game, it could be said that Aster (Aster) hit the market as an asteroid that crosses the atmosphere.
A few hours were enough for this active to revolutionize the price board and capture the attention of investors.
Aster debuted with a price of $ 0.08 on September 17. However, in the blink of an eye, The price climbed up to 0.60 dollars.
But Aster’s wake continued to mark a trend, and its price reached a maximum of $ 1.53, which represents an increase of $ 1,812.5% from its initial contribution, as observed in the following graph provided by Coinmarketcap.
Aster is the native token of a Decentralized Exchange (Dex) that was born in 2024, product of the fusion between two decentralized finance protocols (Defi) called Astherus and Apx Finance.
Works like Token of utility, governance and staking of the platform. In addition, it allows users to participate in protocol decisions, access exclusive functionalities and be part of incentives that strengthen the liquidity and sustainability of the platform.
Thejaswini Ma, Analyst of the Token Dispatch site, Explain: “The combination created a unified trading infrastructure designed to compete directly with the growing Hyperliquid market share.”
Hyperliquid is a Dex of perpetual futures that allows users to operate with derived contracts without expiration date and take adjustment in cryptocurrencies without having to have assets directly.
Anyway, what promoted the price was that Changpeng Zhao (CZ), former CEO of Exchange Binance, He made public Your support To this project through its social networks. “Well done! Good start! Keep building! ”He said.
The key is in the competition that has just come on: Aster in front of Hyperliquid. For Thejaswini Ma, the publication was not randomly, but something well calculated that showed that “the largest cryptocurrency empire in the world was mobilized against a decentralized emerging company that had dared to steal market share of derivatives.”
In addition, he highlighted the fact that the company Yzi Labs, formerly known as Binance Labs, had discreetly financing the development of Aster.
His proposal seeks to attract both retail users and more advanced profiles, combining digital asset negotiation tools with financial products that allow managing risk, taking advantage of leverage and diversifying strategies within the same ecosystem.
It is a multicadena platform that operates on BNB Smart Chain, Ethereum, Solana and Arbitrum. Thus, it integrates liquidity from different networks to offer users a unified trading experience, without the need for manual bridges or worrying about compatibility between the aforementioned ecosystems.
This means that Users can negotiate without manually moving their assets through bridges between networksavoiding additional costs and complex processes. This approach promises a more agile, fluid and accessible trading experience, even for those who are not familiar with the technical management of multiple chains.
Since its launch, in March 2025, the DEX has processed more than 514,000 million dollars in negotiation volume between 2 million users.
On the other hand, its total blocked value (TVL) reached the 2,000 million dollars, but then corrected and stabilized at 1,165 million dollars. This can be seen in the following graph of Defill:
The TVL represents the total value of assets deposited in intelligent contracts within a network, either for liquidity in Dex, loans or staking.
For the analyst, this is a call for attention. In this regard, he says that this fall “should probably serve as a reminder that initial expectation and sustainable adoption are very different things.” In addition, it stands out:
When your TVL can fall 67 % in one day, you may have to ask yourself if those figures represent real users or simply performance producers wanting to shoot profits.
Thejaswini Ma, Analyst of the Token Dispatch site.
How does Dex Aster work?
Aster seeks to resolve the fragmentation of liquidity in defi multicadena by creating a “unified liquidity”, adding depth to the book of orders between networks.
It offers two trading interfaces: the simple mode, for quick operations with a MEV click and protection, and the Pro mode, with full access to the book of orders, graphics in real time and types of advanced orders.
It has “hidden orders”, which keep the size and direction of orders invisible until its execution, avoiding manipulations in the liquidation, prominent function by CZ.
The margin system admits isolated and cross warranty, allowing to use liquid or stable stops as margin, generating passive performance while maintaining active positions.
“The platform margin system admits both isolated trade and cross guarantee trade, allowing users to use liquid standing tokens such as ASBNB or stable currencies that generate performance as margin,” says Thejaswini Ma.
This can be beneficial For the price of BNB, the native BNB token smart chain. Through the use of liquid stoking tokens such as Asbnb as a margin, the platform promotes a greater demand for BNB, since to obtain these derivatives it is necessary to previously block the token in staking contracts.
This reduces the circulating offer and, at the same time, gives users the possibility of using their BNB in a productive way without giving up the generated yield. Together, this mechanism strengthens the utility of the ecosystem and can exert a bullish pressure on the price of BNB.
After the launch of Aster, The BNB price reached a historical maximum (ATH) of $ 1,080 on September 20as observed in the following graph:
Looking ahead, the platform is committed to greater privacy through Zero knowledge tests and the development of Aster Chain, its layer 1 network focused on trading.
With this infrastructure, Aster seeks to offer private operations without sacrificing transparency in risk management, positioning to compete with personalized L1 architectures such as Hyperliquid.
“The test is whether the platform can convince traders to abandon the proven infrastructure of Hyperliquid and opt for a multicade experiment backed by the same ecosystem that caused the collapse of Exchange FTX in 2022. When the world’s largest exchange platform is forced to support a Defi competitor, he suggests that the centralized model is not so Insurance as it was believed.
This discussion about which infrastructure choosing refers to a broader dilemma in the world of digital assets: The need to have systems in which trust does not depend on human actors.
This is something that Micael Magiotta, representative of Bull Bitcoin Argentina, who in dialogue with cryptootics, remarks: remarks:
“We believe that Bitcoin (BTC) is a tool to empower their users and that they can really own their money, that they can save in money without inflation. Only with Bitcoin we can achieve a form of money outside the human factor. While there are certain digital currencies with a certain degree of decentralization, the human factor and the ability to modify its operation are present and that generates risks or conflicts of interest. BTC and nothing else. ”
For its part, Vivien Lin, Product Director (CTO) of Exchange Bingx, spoke with cryptootics about the launch of Aster and said:
When recognized figures or consolidated entities support a project, this can accelerate its dissemination and promote initial confidence in its technology or model. Technically, this support is usually translated into higher liquidity inputs, a greater participation of developers and a faster integration with the existing infrastructure.
Vivien Lin, Bingx product director.
However, he warned: «In the long term, sustainable adoption depends on fundamental aspects such as scalability, security and project ability to offer real utility. Regardless of the support that the projects receive, it is always important to conduct an in -depth investigation on their own ».