이런 콘텐츠는 어떠세요?
A cryptocurrency trader analyzing charts on a monitor in a modern office
A new powerhouse has emerged in the cryptocurrency market. Aster, which has rapidly risen to become the #1 decentralized perpetual exchange on BNB Chain, is the main protagonist. Backed by Binance founder CZ, this project has shown explosive growth immediately after launch and is shaking up the landscape of existing exchanges. From Bitcoin prices to various cryptocurrency trading, let’s examine how Aster is transforming the market.
Aster is a decentralized perpetual futures exchange (Perpetual DEX) based on BNB Chain, officially launched on September 17, 2025 through a Token Generation Event (TGE). Incubated by YZi Labs, this project has received support from Binance founder CZ’s investment fund and has been in the spotlight from the beginning.
Its key features include support for up to 100x leverage and a safe trading environment free from MEV (Maximal Extractable Value). Currently, it has reached a market capitalization of approximately $3 billion and has recorded impressive growth with a cumulative return of 2,753% since launch.
Aster’s greatest strength is its multi-chain architecture that supports not only various cryptocurrencies like Bitcoin and Ripple Coin, but also equity derivatives trading on a single platform. This provides cryptocurrency investors with more diverse investment opportunities.
Aster was born from the merger of Astherus (a yield-generating platform) and APX Finance (a perpetual trading platform) in late 2024. This merger was a strategic decision that combined the strengths of both platforms to aim for the top position as a decentralized perpetual exchange.
Immediately after the token launch, when Binance founder CZ publicly praised Aster on his official X account, market attention focused on it. In fact, within 24 hours of the TGE, the Aster token recorded an astonishing increase of 434%.
Industry experts are evaluating Aster as a next-generation platform capable of competing with Hyperliquid, which was the leader in the existing perpetual DEX market. After launching on BNB Chain in September 2025, it proved this assessment by recording $290 billion in 30-day trading volume within just one month.
Additionally, integration with Trust Wallet has significantly expanded usability, and community-based governance strengthening has led to active user participation. These elements have become the core drivers that enabled Aster’s rapid growth.
Aster has developed its own Layer 1 blockchain called ‘Aster Chain’ to dramatically enhance privacy and transaction speed. This provides an environment where everyone, from beginners learning how to trade Bitcoin to professional traders, can trade quickly and safely.
It has introduced privacy technology based on Zero-Knowledge Proof, designed so that users’ transaction history cannot be traced. This is a major attraction for cryptocurrency investors who are sensitive to personal information protection.
Another technical strength of Aster is its intent-based automatic cross-chain execution system. This technology allows smooth aggregation of transactions across various blockchain networks, greatly improving usability in a multi-chain environment.
MEV prevention design protects users from front-running and sandwich attacks. Especially in situations where coin prices fluctuate rapidly, these protection features serve as an important safety net for investors.
Through a fully self-custody system, users can directly hold their assets, avoiding the hacking risks of centralized exchanges. This is increasingly important given the recent increase in cryptocurrency exchange hacking incidents.
A high-tech trading platform interface and a developer working on blockchain code
Aster has paid special attention to user experience. In “Simple Mode” for beginners, one-click trading is possible, making it convenient even for users just starting Bitcoin investment. Meanwhile, “Pro Mode” for experts provides advanced features such as hidden orders and grid trading, meeting the needs of experienced traders.
Yield-generating collateral such as asBNB and USDF can be utilized, providing dual benefits of earning staking rewards while trading. This also offers an attractive alternative investment option for investors sensitive to gold price fluctuations.
A liquidity aggregation structure with deep trading pools and low slippage is particularly advantageous for large-scale trades. It can minimize price impact even when trading popular altcoins like Ripple Coin or Pi Coin.
Additionally, seamless multi-chain trading is possible without separate bridging, allowing users to trade assets from various blockchain networks without complex procedures.
At the beginning of 2025, Hyperliquid was the dominant force, holding 71% of the perpetual DEX market. However, with Aster’s emergence, the market structure is rapidly reorganizing. Fierce competition has begun for the #1 position in decentralized perpetual exchanges.
In the growing perpetual DEX market recording over $100 billion in monthly trading volume, Aster is quickly establishing itself as a major player. Particularly, it proved rapid market adoption by recording $174 million in initial 24-hour trading volume.
The BNB Chain ecosystem and strategic support from Binance provide Aster with a significant competitive advantage. Based on this support, Aster has been able to achieve faster growth and expansion compared to existing competitors.
Aster’s strategy of focusing on technological innovation and user experience improvement is directly challenging Hyperliquid’s dominance. It is also receiving high interest in the Korean market, which is sensitive to Bitcoin price and coin price fluctuations, expanding its user base.
The ASTER token functions as a governance token within the ecosystem, granting users the authority to participate in platform decision-making. It also plays a role in managing supply through rewards for liquidity providers and fee burning.
The token’s total supply is 8 billion, with a current circulating supply of 1.65 billion. The current price is around $1.77, showing strong upward momentum since launch.
Aster has emphasized decentralized governance and fairness by allocating 53% of tokens to the community. This is a highly valued element in the cryptocurrency community.
Currently, tokenomics improvements are underway through the S3 buyback and airdrop programs. This can be seen as a strategic move for long-term token value appreciation.
Aster’s strengths include MEV prevention technology, support for up to 100x leverage, a growing market environment, official support from Binance, and innovative technical capabilities. These elements demonstrate long-term growth potential.
On the other hand, as a new token, it may show high volatility, and the existence of strong competitors like Hyperliquid, as well as future token unlocks leading to increased supply, can act as risk factors.
For investors, a medium-to-long-term holding strategy centered on governance participation is recommended rather than short-term speculative trading. The correlation with major cryptocurrencies like Bitcoin should also be considered.
It is important to continuously monitor the growth trend of the perpetual DEX market and the expansion of platform adoption. Particular attention should be paid to whether Aster’s growth will continue in market environments with severe coin price fluctuations.
Attention should also be paid to trends in the overall DeFi market and changes in the regulatory environment. Regulatory directions for cryptocurrency exchanges in various countries may affect Aster’s growth.
Aster is currently operating a testnet for its own Layer 1 blockchain, Aster Chain, aiming for more efficient transaction processing. This is expected to significantly improve the trading experience for various cryptocurrencies including Bitcoin.
Phase 2 of the point program is being prepared, through which airdrops and reward systems will be expanded. This can be seen as a strategy to encourage user participation and increase loyalty.
Aster is strengthening its role as a bridge connecting traditional finance and DeFi, focusing on increasing accessibility for global users 24/7, 365 days a year. Expansion of derivative trading linked to gold prices or stock markets is also expected.
Aster’s main goals are to expand market share through additional funding, continuous technological improvements, and strategic partnerships. In particular, it appears that support for emerging cryptocurrencies like Pi Coin will be expanded.
In a situation where fierce competition is expected for dominance in the perpetual trading market after 2025, industry attention is focused on what position Aster will occupy. It’s time to watch whether it can maintain the #1 position in decentralized perpetual exchanges.
Aster is transforming the paradigm of cryptocurrency trading beyond being a simple decentralized exchange. Rapidly growing based on CZ’s support and innovative technological capabilities, Aster is expected to play an important role in the cryptocurrency market going forward. For investors interested in Bitcoin prices, it is necessary to pay attention to Aster’s movements and respond to market changes with wisdom.