In the field of decentralized finance (DeFi), perpetual contract exchanges (Perp DEX) are becoming one of the most innovative and competitive tracks. According to data, the mental market share of the Perp DEX track achieved a growth of up to 10 times by September 2025, significantly outpacing other sectors.
In this technological competition, the Aster project has become the focus of market attention with its innovative features and rapid development.
01 The Rise of Aster in the Competition of Three Major Perp DEXs
The decentralized perpetual contract exchange sector has formed a competitive landscape of three strong contenders. According to the latest data, Aster’s market share has soared to 70%, while Hyperliquid’s market share has plummeted from 70% to 10%, and Lighter has also captured 15% of the market share after its mainnet launch.
The three of them each wield speed, multi-chain, and zero fees as weapons, initiating the transformation battle of Perp DEX.
Aster as a based on BNB The decentralized perpetual contract and spot trading platform built on the blockchain has quickly gained user favor with innovative features such as "no MEV interference and one-click transactions."
Its daily trading volume skyrocketed from several billion dollars at the beginning of 2024 to over one hundred billion dollars in October 2025, an increase of more than 25 times, demonstrating an astonishing development momentum.
02 Token Performance and Market Volatility, ASTER’s Price Journey
The ASTER token recorded an astonishing increase of 96% in the past week, making it one of the most eye-catching new projects on the trading platform. However, the high volatility of the cryptocurrency market is also fully reflected in ASTER.
As of October 10, the ASTER token price is $1.65, down 9.53% from the previous day, with a fluctuation range between $1.62 and $1.89.
This adjustment has caused ASTER to fall 29.6% from its historical high of $2.42 (September 24). Market analysts point out that Aster is facing further downward pressure after losing the support level of $1.80, with the new resistance range between $1.92 and $2.00.
Whale Movements and Market Impact
On-chain data monitoring shows that a whale or institutional address that has accumulated 133 million USD worth of ASTER has reportedly sold 14.06 million ASTER in the past three days, amounting to approximately 28.2 million USD.
The last time this address transferred tokens to a CEX was on October 10, transferring tokens worth 1.96 million dollars. This massive sell-off has undoubtedly put tremendous pressure on the price of ASTER.
Currently, the address still holds 50.47 million tokens on the chain, valued at approximately 85.3 million USD, and its subsequent movements will still influence ASTER. Price trend The key factor.
03 Controversies and Challenges, the tests faced by Aster
The development journey of Aster has not been smooth sailing. Recently, the DeFi data analysis platform DefiLlama removed Aster’s permanent trading volume metrics from its platform due to concerns over suspicious wash trading.
This decision stems from DefiLlama’s discovery of an unusual correlation between Aster’s daily trading volume and Binance’s daily trading volume.
The anonymous founder of DefiLlama, 0xngmi, pointed out through analysis that Aster’s recent perpetual trading volume shows a "nearly perfect correlation" with Binance’s trading activity.
He found that when comparing the XRPUSD trading pair, Aster showed a 1:1 correlation with Binance, while its competitor Hyperliquid had an independent trend.
This discovery has raised skepticism in the market regarding the actual trading volume of Aster and has contributed to the recent price decline to some extent.
04 Phase Two Airdrop, Aster’s New Initiative
Amid market fluctuations and controversies, Aster is advancing its development roadmap as planned. The project team has announced that the second-phase airdrop inspection page will go live on October 10 at 21:00.
This phase of airdrop will unlock 4% of the total supply as part of the reward distribution.
According to the official announcement, Aster has increased the flexibility of the reward collection method for users in Genesis Phase 2 (S2): participants can choose to receive the ASTER airdrop as usual, or opt for a full refund of the S2 transaction fees, essentially viewing it as a zero-fee trading activity.
The rewards will be available for claim on October 10, and the token distribution will start on October 14. These rewards will have no lock-up period, allowing participants to use their tokens immediately.
05 Future Prospects, the Development Potential of Aster
Despite facing short-term fluctuations, Aster’s performance in the derivation market remains remarkable. Data shows that Aster’s open contracts surged from nearly zero to 5 billion dollars within two weeks, accounting for one-third of HyperliquidX’s total open contracts.
This growth indicates that the market is willing to deploy funds on the platform and demonstrates investors’ confidence in the Aster platform.
In addition, Aster has also gained the attention of several high-profile individuals. Former Binance CEO CZ publicly praised the rapid growth of the Aster project.
YouTube star MrBeast has reportedly purchased over 167,000 ASTER tokens worth $320,000 recently, bringing his total investment to $1.28 million.
Long-term price prediction
Despite short-term price pressure, the long-term outlook for ASTER Price Prediction still relatively optimistic. According to some analyses, by 2030, ASTER could reach a range of $4.37 to $9.13.
This means that from the current level, the potential return rate could be as high as 346.14%. However, these predictions are merely market analyses, and as cryptocurrencies are high-volatility assets, investors should make cautious decisions based on thorough research.
Future Outlook
As the second phase of the Aster airdrop progresses, the market is closely watching whether this project can overcome controversies and regain growth momentum. In the coming weeks, whether Aster can hold key support levels, whether whales will continue to sell off, and whether its real trading volume data can win market trust will determine the future trajectory of this Perp DEX rising star.
For the world of cryptocurrency, the development history of Aster once again confirms the essence of an industry where innovation coexists with risk - only those projects that can withstand the test of the market can stand firm amidst the volatility.
