24/7 Cryptocurrency News

CZ Endorses Hyperliquid Rival Aster DEX, Token Rallies 1,500%

Published by

Aster, a new decentralized perpetual exchange, is one of the popular names in crypto right now. Heavy whale activity and public praise by Binance founder Changpeng Zhao (CZ) have boosted it. The project’s token price increased by over 1,500% within a week.

Advertisement

Whale buys and CZ endorsement led to 1,500% increase in Aster Price

The increase came about when CZ shared his remarks about the DEX on social media. He pointed out that Aster has become one of the largest holders of BSC-USDT outside Binance’s own wallets.

In a separate post, Zhao praised the project’s multi-chain support and hidden order features. Recently, CZ also urged banks to adopt BNB, underscoring his interest in promoting useful products from the crypto ecosystem.

He also stressed that Aster is not a BNB Chain-exclusive platform but operates across multiple networks. Earlier, he shared a trading screenshot with the message: “Well done! Good start. Keep building!”


The endorsement from Binance’s founder placed the DEX directly in the spotlight. The token price skyrocketed from about $0.09 to $1.47 within seven days, pushing its market cap above $2.3 billion. According to CoinMarketCap, trading volume has surged over 160% in 24 hours, hitting $1.22 billion.

The rapid surge in ASTER’s price highlights whale accumulation and CZ’s public endorsement.

The surge gained further momentum when whales started accumulating the token in bulk. Lookonchain data shows one whale spent $2 million in USDT to buy 1.825 million ASTER and even borrowed more funds from Aave to increase exposure.

Also, Trader @CookerFlips deposited $1.24 million into ASTER over three days, then withdrew tokens worth $6.7 million. The transaction resulted in over $5 million in profit.

Advertisement

Aster Outpaces Hyperliquid in TVL but Not in Trading Volume

DeFiLlama data shows that the total value locked (TVL) in Aster increased to nearly $870 million. Also, its perpetual contract trades have exceeded $17 billion in one month. The fees and revenue reports show that the platform has a revenue of more than $70 million annually.

Both Aster and Hyperliquid are decentralized perpetual exchanges. Aster possesses TVL of $886.65 million greater than that of Hyperliquid with $681 million. Nevertheless, Hyperliquid remains top in monthly trading volume and open interest.

This has put Aster as the leading contender in the perp-DEX marketplace. Speculation around CZ’s possible return to Binance has further spotlighted his influence on projects in the crypto space, including Aster.

Beyond speculation, the DEX also has documented links to Binance’s ecosystem. Binance co-founder CZ has distanced himself from operations. But YZi Labs, (formerly Binance Labs) and tied to CZ and Yi He, invested in Aster last year. Aster received mentorship, exposure, and resources through the program.

Advertisement

Share
Paul

Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others. He holds a degree in Geophysics from OAU, Nigeria. When he's not writing, he loves watching soccer and reading educative journals. He can be reached via paul@coingape.com

Published by

Recent Posts

  • 24/7 Cryptocurrency News

Hyperliquid DEX Outperforms Top Crypto Exchanges Coinbase, Binance, Robinhood With Zero Downtime

Today's crypto market crash triggered major congestion at some of the top centralized exchanges like…

October 11, 2025
  • 24/7 Cryptocurrency News

Crypto Market Loses $670 Billion on CEX Auto Liquidations, Altcoins Crash Intensifies

The crypto market has witnessed the biggest single-day crash in history, with more than $19…

October 11, 2025
  • 24/7 Cryptocurrency News

Crypto Market Crash With 100% Trump Tariff Announcement on China

The crypto market is facing further declines following President Donald Trump’s announcement of a 100%…

October 11, 2025
  • 24/7 Cryptocurrency News

ASTER Airdrop Delayed to October 20 Amid Criticisms Over Token Allocations

Following complaints of consistency issues with the ASTER token airdrop, Aster DEX has announced a…

October 11, 2025
  • 24/7 Cryptocurrency News

U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown

The Bureau of Labor Statistics (BLS) has rescheduled the release of the September Consumer Price…

October 10, 2025
  • 24/7 Cryptocurrency News

Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies

A group of major world banks is working on a new stablecoin tied to G7…

October 10, 2025