Aster DEX Surges in September: Key DeFi Milestones
September proved to be a pivotal month for Aster, a decentralized exchange (DEX) supported by Binance. The platform achieved several significant milestones, highlighting its increasing prominence within the decentralized finance (DeFi) landscape.
Key Records Achieved by Aster DEX
Aster's growth trajectory attracted considerable attention from traders and investors. Here’s a breakdown of the key achievements:
Ethereum Locked Exceeds 331,000
Data from DefiLlama indicated that the total amount of ETH locked in Aster reached 331,864 as of September 23. This surge suggests a significant influx of liquidity, indicating growing user confidence in Aster as a platform for decentralized trading and yield farming.
BNB Chain Daily Fees Overtake Solana
According to CryptoRank, the BNB Chain surpassed Solana in daily chain fees between September 20 and 22. This shift correlated with Aster’s launch and subsequent liquidity pull, boosting BNB Chain fees to $1.1–1.4 million per day while Solana's cooled to around $0.85–0.95 million.
Briefly Tops Hyperliquid in DEX Trading Volume
Notably, Aster briefly overtook Hyperliquid in daily DEX trading volumes. For three consecutive days, Aster's 24-hour DEX volume led the market, peaking at $793 million. This coincided with a significant rally in Aster’s native token.
Community and Influencer Attention
Aster's rise has garnered support from notable figures, including Binance founder Changpeng Zhao. Influencer participation, including attention from YouTube star MrBeast, further amplified the project's reach.
Prominent X user MoneyLord noted Aster's $1.7 million in daily revenue, projecting a climb toward $10 million per day. The user highlighted the planned token burns and rewards for community members.
Looking Ahead
With substantial ETH locked, increased BNB Chain fees, and a surge in DEX volumes, Aster has established itself as a project to watch in the DeFi space. As of this writing, ASTER is trading at $1.72, up over 13% in the last 24 hours.
The main challenge for Aster will be maintaining this momentum and solidifying its position in the competitive DEX landscape.