Aster Token Surges 1,650% on Launch with $345M Trading Volume

Aster Token Debut

  • Aster's native token surged 1,650% to $0.528 in the first 24 hours of trading.
  • Trading volume reached $345 million, with 330,000 new wallet creations.
  • Total value locked increased from $660 million to $1 billion shortly after launch.
  • Platform reported 1.848 million total users and a seven-day increase of 617,379 new users.
  • Daily trading volume hit $1.50 billion.
  • Binance Alpha listing and new perpetual markets introduced within hours.

Feature Rollouts and Trading Tools

  • Spot withdrawals enabled on BNB Chain with 30-second processing time.
  • ASTER/USDT perpetuals activated with four-times margin.
  • Genesis Stage 2 scoring program launched to reward smart traders.
  • Top users realized gains exceeding $645,000.

Technical Features and Security

  • Multi-chain protocol supports BNB Chain, Ethereum, Solana, and Arbitrum.
  • Utilizes zero-knowledge proofs and Pyth Network oracles for trade validation.
  • Collateral tokens like asBNB and USDF used for staking and yield earning.

Endorsements and Volume

  • Cumulative trading volume listed at $517 trillion with close to $450 million in total TVL.
  • Former Binance CEO Changpeng Zhao's endorsement significantly boosted attention and capital influx.

Featured image from Unsplash, chart from TradingView