Aster, a perpetual DEX backed by YZI Labs and Binance's founder, CZ, continues to reach new milestones, following its success after launching the ASTER token on September 17.
Aster managed to surpass Hyperliquid, another important perps DEX, in terms of 24-hour trading volume.
Aster Reached Over $552 Million in 24-Hour Volume
According to data from DeFi Llama, Aster hit $552.35 million in 24-hour volume, reaching over $2.467 billion in volume in the past 7 days. Aster surpassed both Aerodrome and Hyperliquid in 240-hour volume on September 22.
Aerodrome currently has $542.6 million in volume, and Hyerliquid has over $514 million.
It's also worth noting that Aster reached $1.164 billion in TVL as of September 22, seeing a remarkable spike after it launched its ASTER token on September 17. The surge in TVL happened in under a week, Defi Llama data shows.
By comparison, Hyperliquid has over $6.47 billion in TVL, but Aster's rise has been quicker, and if the project continues its ascendant trajectory, it might even become the next Hyperliquid, with Binance's support.
Aster is Backed by YZI Labs and Binance's CZ
The crypto project is officially backed by YZI Labs and Binance's founder has also publicly expressed his support for the project on multiple occasions since the ASTER token launch on September 17.
On September 22, CZ congratulated the team for reaching a new ATH on Aster Pro, hitting more than $3 billion in perps trading volume during the past 24 hours.
ASTER Price Trajectory Since Launch
ASTER token reached a new ATH on September 21, at $1.97. At the moment of writing this article, ASTER is trading at $1.57, with a market cap of more than $2.6 billion. On the same day, BNB also reached a new ATH above $1,080.
Since its launch last week, ASTER is up by over 1,500%, being the first top gainer of the last 7 days and remaining surrounded by optimism, despite the recent market volatility.
Like CZ said earlier today, the current market dip represents a great opportunity for establishing support levels.
You can trade ASTER on the official Aster DEX, and on other platforms like BingX, and Binance Alpha. The fact that ASTER is listed on Binance Alpha means that the project has a chance of getting listed on the main exchange.
