Aster has emerged as the week’s crypto success story, with its native token jumping over 2,000% since debuting seven days ago.
The Hyperliquid competitor launched its ASTER token on September 17. Since then, the price has climbed from launch to $2.35 at time of writing.
The rapid price movement has pushed Aster’s market cap to $3.8 billion. The token now ranks 35th on CoinMarketCap and 47th on CoinGecko.
Open interest data tells the story of trader adoption. CoinGlass shows Aster’s open interest jumped from $3.72 million on Friday to $1.25 billion by Wednesday.
This represents a 33,500% increase in less than a week. Open interest measures outstanding contracts that haven’t been settled.
The metric serves as a key indicator of liquidity and market conviction. Aster’s surge shows traders are willing to deploy capital on the platform.
DefiLlama data reveals Aster topped daily perpetual trading volumes on Wednesday. The platform recorded $24.7 billion in 24-hour volume.
This performance beat Hyperliquid, which recorded $10 billion on the same day. Other competitors like edgeX and Lighter followed with $8.25 billion and $6.18 billion respectively.
Aster’s total value locked also increased during the period. TVL rose 196% from Friday’s $625 million to $1.85 billion on Wednesday.
The exchange generated $534 million in volume and over $7 million in revenue in the last 24 hours. These numbers show the platform is capturing real trading activity.
Aster runs on multiple blockchains including Ethereum and Solana. However, it primarily operates on BNB Chain, formerly known as Binance Chain.
The decentralized exchange has been operating for over a year. Activity exploded following the token launch last week.
BNB Chain provided backing for Aster’s growth. A spokesperson confirmed the platform received support from BNB Chain and YZi Labs, formerly Binance Labs.
This support included mentorship, ecosystem exposure and access to technical resources. Marketing assistance was also part of the package.
CoinMarketCap boosted Aster through its CMC Launch program. This launchpad features new crypto projects for wider exposure.
CMC Launch lead Jin Choo detailed the campaign’s reach. The marketing effort generated 400 million homepage banner impressions.
The campaign also recorded over 3 million tweet impressions. Combined reach exceeded 5 million through newsletters, app notifications and media coverage.
Live events attracted 1.5 million views during the campaign period. Landing page clicks totaled 1.5 million while Aster’s project page received over 500,000 clicks.
Choo clarified that project selection was merit-based. The choice followed CMC Launch’s qualification criteria including innovation, market potential and community traction.
The ASTER token shows technical strength with an RSI reading of 65. This indicates buying pressure without reaching overbought territory above 70.
Average Directional Index stands at 34, confirming strong trending conditions. The token broke above key resistance levels with strong volume support.
Aster currently trades at $2.35 with immediate support at $2.20 and resistance at $2.40.
The post Aster Price: CZ Backed DEX Token Gains 2,180% in Seven Days. Here’s Why appeared first on CoinCentral.
Also read: Ryanair passe au tout-dématérialisé : voici quand vos tickets papiers deviendront obsolètes
