ASTER (Aster) rose 20.57% in the last 24 hours

Gate News Bot message, September 25, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $2.34, with a rise of 20.57% in the last 24 hours, reaching a high of $2.41 and a low of $0.37. The 24-hour volume reached $2.73 billion. The current market capitalization is approximately $3.885 billion, with an increase of $663 million compared to yesterday.

Aster is a next-generation decentralized perpetual contract trading platform designed for all traders. The platform offers cross-chain trading functionality without the need for bridging or switching; users only need to select one chain to trade. Aster has deep liquidity and supports large transactions. The platform also provides advanced tools, such as hidden orders, giving users control, speed, and a competitive edge. Whether you are a novice or a professional, you can enjoy a simplified trading experience on Aster.

Recent important news about ASTER:

1️⃣ Volume and revenue hit a new high

In the past 24 hours, the on-chain derivative trading volume of the Aster platform reached $21.1 billion, nearly twice that of Hyperliquid's $9.72 billion. At the same time, Aster's daily protocol revenue set a new historical high of $7.04 million, second only to Tether and Circle, surpassing several competitors. This demonstrates Aster's rapid rise and strong competitiveness in the decentralized perpetual contract trading space.

2️⃣ Institutional investors large purchases

Galaxy Digital's associated address withdrew 24 million ASTER from Gate, worth 46.56 million USD, becoming the largest non-project holder on-chain. In addition, multiple whales bought or withdrew a total of 31.86 million ASTER during the 38% rise of ASTER. The active entry of institutions and large holders has provided strong support for the price of ASTER.

3️⃣ Ecosystem Expansion Plan

Aster CEO revealed that Aster Chain is about to launch and is currently under testing. The new chain will feature sub-second final confirmation times, native perpetual contract integration, low transaction fees, and more. In addition, the team plans to announce a token buyback plan in the coming weeks to enhance token value and investor confidence. These initiatives are expected to further strengthen the competitiveness of the Aster ecosystem.

From a technical perspective, the ASTER price continues to rise after breaking through the $2 mark, showing strong upward momentum. However, investors should remain cautious of the risk of a high-level pullback and pay attention to potential profit-taking pressure.

This message is not intended as investment advice; investors should be aware of market volatility risks.