Nicknamed "BNB 2.0," ASTER, which captured the attention of investors, caused a sensation in the cryptocurrency market with its price skyrocketing nearly 7,000% in just four days after its launch. Launched on September 17th through a Token Generation Event (TGE) at $0.02 (approximately 30 won), ASTER surged to $2 (approximately 2,780 won) in just four days.
Behind this rapid rise in a short period of time is the active support of Binance founder Changpeng Zhao (CZ). Aster is a decentralized derivatives exchange (DEX) incubated by YZi Labs, a spin-off from Binance Labs. CZ has repeatedly expressed his positive stance on Aster on social media, stating, "These days, my feed is full of stories about Aster and BNB." His unusual remarks were interpreted as a strong signal to the market, reinforcing the narrative that Aster is the "next BNB."
Fueled by this enthusiasm, Aster has recorded a cumulative trading volume of $2.9 billion (approximately KRW 4.318 trillion) to date, attracting the attention of early-stage investors and traders. Notably, with Binance Coin (BNB) surpassing its all-time high of $1,000 (approximately KRW 1.39 million) around the same time, the epic connection with BNB appears to have further fueled Aster's FOMO (fear of missing out).
In terms of tokenomics, Aster has also designed its tokens with long-term expansion in mind. The total issuance is 8 billion tokens, of which 53.5% is allocated to community rewards and programs. Approximately 704 million tokens were released immediately after listing, and the remaining tokens will be vested sequentially over seven years. Furthermore, airdrops were conducted primarily for early contributors and loyalty program participants, further strengthening the user base.
Aster also offers a unique advantage from a technical standpoint. Notably, it introduced a "hidden order" system to prevent frontrunning, a common practice in major DEXs. This is interpreted as a strategy to emphasize fairness in the trading environment while also gaining an edge over established platforms like Hyperliquid.
In the cryptocurrency market, the connection between founders and platforms often determines the success of a project. In this context, Aster, which Changpeng Zhao has publicly endorsed, is being viewed as more than just a new token. Some are already labeling it "BNB 2.0" and "next-generation governance token," suggesting its potential as a key player in a new cycle, rather than a short-term fad.
Aster's emergence is prompting a call for a new balance within the derivatives market ecosystem, which has historically grown linearly. With its proven project authenticity, founder trust, and technological differentiation, Aster's rise will be a short-term flash in the pan, or will it emerge as a long-term cash cow like BNB?
Get real-time news... Go to TokenPost Telegram
Copyright ยฉ TokenPost. Unauthorized reproduction and redistribution prohibited.
