TLDR
- ASTER handled $42B in daily perp volume generating $15M protocol fees
- Wintermute moved $4.8M ASTER tokens to Bybit and Gate in 24 hours
- ASTER price holds near $1.95 up 120 percent over the past week
- CZ confirms ex-Binance staff involved but denies Binance ownership links
ASTER has become the frontrunner in decentralized perpetuals trading, recording $42 billion in daily volume and $15 million in protocol fees. This rapid growth has outpaced rivals and pushed the token higher. At the same time, Wintermute shifted $4.8 million worth of ASTER to major exchanges without shaking market stability.
ASTER Becomes the Leading DeFi Perpetuals Platform
ASTER has emerged as the leading decentralized perpetual protocol. Data from DefiLlama shows it processed more than $42 billion in 24-hour trading volume. This activity generated around $15 million in daily protocol fees, putting ASTER ahead of dYdX, GMX, and Hyperliquid.
The sharp growth has also lifted ASTER’s token price. According to TradingView, it trades at about $1.95 after recent swings above $2. Despite a 3.7 percent daily dip, it remains more than 120 percent higher than the previous week. This strong performance shows continued demand for ASTER’s trading platform.
Institutional and retail traders have both taken notice of ASTER’s growth. The large volumes and fee revenue demonstrate deep market participation. Online forums have also discussed ASTER frequently, while rumors of high-profile buys have added more attention to its rise. Together, these factors reinforce its status as the current market leader in DeFi perpetuals.
Wintermute Sends $4.8M ASTER to Centralized Exchanges
Market maker Wintermute has moved large amounts of ASTER tokens across exchanges in the past 24 hours. Arkham Intelligence data recorded more than $4.8 million in outflows from Wintermute-linked wallets.
The largest single transaction involved 1.19 million ASTER tokens worth about $2.24 million, sent to Gate. Another transfer of 619,000 tokens valued at $1.2 million was also directed to the same exchange. Bybit received multiple smaller shipments, each valued between $135,000 and $142,000.
These movements suggest Wintermute is actively managing liquidity for ASTER across multiple venues. The steady flow of tokens into exchanges highlights its central role in supporting active trading. Despite the scale of the transfers, the token’s price has not seen major disruption, showing continued strength in market demand.
Price Holds Steady Despite Market Maker Outflows
Despite Wintermute’s $4.8 million transfers, ASTER’s price has remained stable. It trades near $1.95, showing only minor declines compared to its weekly surge. The limited pullback points to strong interest from traders even as new supply enters exchanges.
The balance between token outflows and steady pricing is tied to ASTER’s market position. Its $42 billion daily trading volume and $15 million in protocol fees continue to attract both institutional and retail participation. This demand appears to be absorbing additional liquidity without sharp price drops.
This resilience shows the depth of trading activity around ASTER. Even large token transfers have not created strong selling pressure, suggesting traders view the project as a key platform in decentralized perpetuals.
CZ Clarifies ASTER’s Binance Connections
Rumors about Binance’s involvement with ASTER have circulated widely. During a recent ASTER X Spaces event, Binance co-founder Changpeng Zhao addressed the issue directly. Zhao confirmed that ASTER is not directly connected to Binance. However, he explained that some former Binance employees are part of the project and added that YZi Labs holds a minority stake.
His remarks clarified ASTER’s background and removed speculation about direct ownership. The confirmation has helped improve confidence in ASTER’s independence. By making clear that the project is not a Binance product, Zhao positioned it as a separate DeFi platform with credible support from industry professionals. This separation has strengthened its profile as an emerging market leader.
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