- Binance fast-tracked the APX to ASTER swap, fueling rapid growth across the ecosystem.
- Aster token price surged 1,650% and Volume over $345M within its first 24 hours.
- Aster’s TVL soared by $660M in a single day, crossing the $1B milestone with speed.
Aster has reported striking numbers following the token generation event (TGE) of its native token $ASTER on BNB Chain. Within the first 24-hour period, the token recorded a peak surge of 1,650% and the coin traded $345 million, marking a strong entry into the market. The wider platform activity also reflected rapid growth with nearly 330,000 new wallets joining the network within the same timeframe, signaling a wave of adoption.
The total value locked (TVL) increased by $660 million, moving from below half a billion dollars to just above $1 billion. Net inflows supported this expansion as users funneled liquidity into the protocol.
As a result, the platform’s cumulative volume reached close to $1.5 billion, underscoring the high demand and swift rotation of capital within the ecosystem. These figures position Aster’s launch as one of the most notable debuts of the year, driven entirely by user engagement and activity around its trading and liquidity pools.
As per the CoinMarketCap data, the token is trading at $0.668 at press time, an increase of 650% since launch. It has a market cap of $1.08B and a 24-hour trading volume of $478.11M, an increase of 20.9%.
Binance Fast-Tracks APX to ASTER Swap Timeline
In a related development, Binance confirmed an accelerated timeline for the token swap between Binance Alpha APX (APX) and Aster DEX (ASTER). The exchange suspended the trading for APX today, at 01:00 UTC, to facilitate the migration, a decision brought forward from the original October 1 schedule. All remaining APX will be converted to ASTER at a one-to-one ratio for Binance Alpha users.
After the suspension, the trading of ASTER resumed at 08:00 UTC, providing continuity for users holding the swapped assets. The change ensures that liquidity flows are not disrupted and aligns Binance Alpha users directly with Aster’s ecosystem from the outset.
At the time of writing, data from Dune shows Aster holding $459.45 million in total value locked (TVL), alongside $519.63 billion in cumulative trading volume and 1.85 million registered traders.
Daily performance remains strong, with 43,358 new users and $461,736 in income over 24 hours. Liquidity pools remain deep, including $279.4 million in asBNB TVL and $44.1 million in USDF TVL.
Related: SPX Soars 16% as Fed Slashes Rates, What Comes Next?
Market Narratives and Hyperliquid Comparison
The rapid rise of Aster has also fueled speculation across the digital asset community, with comparisons to Hyperliquid, a decentralized exchange with a market capitalization of roughly $18 billion. Analysts note that while Aster’s market capitalization is significantly lower, its TVL of $1.2 billion still trails Hyperliquid’s $2.7 billion.
Market observers argue that product gaps remain, but the Binance ecosystem narrative and early backing from Binance founder Changpeng Zhao (CZ) are attracting attention. Community voices, including crypto commentators such as Duo Nine, have emphasized that CZ rarely promotes individual tokens outside of Bitcoin and Binance Coin.
His support for Aster has been interpreted as a sign of strong alignment within the Binance ecosystem. This perception has led some traders to rotate liquidity from HYPE, Hyperliquid’s native token, into ASTER as part of short-term strategies.
Conclusion
Aster’s explosive debut illustrates how quickly momentum can build in decentralized markets when liquidity incentives, user adoption, and exchange support converge. With more than a billion dollars in TVL, soaring volumes, and strong community narratives, the project has positioned itself as a contender in the competitive DeFi landscape. While comparisons to established rivals highlight challenges ahead, Aster’s early performance underscores the powerful dynamics driving growth in crypto’s evolving ecosystem.
