Aster’s token debut is shaping as much as be one of the talked-about occasions within the 2025 crypto calendar. Launched Sept. 17 at a TGE value of simply over two cents, $ASTER surged by nearly 7,000% in lower than 4 days, peaking at round $2 earlier than cooling off.
Buying and selling knowledge exhibits that greater than $2.9 billion value of tokens modified arms as speculators rushed in, chasing what some are already calling the following BNB-like success story.
This comparability is not any coincidence. Aster is a decentralized perpetual alternate incubated by YZi Labs (previously Binance Labs), with Binance founder CZ personally amplifying its launch. Inside days, his feed had turn out to be an Aster/BNB echo chamber, with nods to each initiatives as twin pillars of the following cycle.
My whole feed: Aster, BNB, Aster, BNB, Aster… 😆
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— CZ 🔶 BNB (@cz_binance) September 21, 2025
This stage of seen assist is uncommon for CZ, who has largely distanced himself from new tokens, which solely fuels hypothesis that Aster may be positioned as “BNB 2.0” in narrative phrases.
ASTER tokenomics defined
Beneath the hype, the basics seem designed for long-term reputation. The tokenomics define an 8 billion complete provide, with 53.5% allotted to group applications.
Round 704 million tokens have been unlocked at TGE, whereas the remaining will vest over seven years. Airdrops have been directed at early program members and loyalty earners, creating a powerful grassroots base. The DEX itself units itself aside with its hidden orders designed to forestall frontrunning.
The timing couldn’t have been extra exact: ASTER’s breakthrough occurred as BNB surpassed its all-time excessive of over $1,000, triggering a reflexive FOMO loop all through the Binance-linked ecosystem.
For a very long time, Hyperliquid dominated the perpetual swap narrative nearly uncontested. Now, Aster’s sudden rise is forcing a reevaluation of not simply perpetual buying and selling venues, but additionally the size at which founder-backed ecosystems can create outsized winners.





