September was Binance-backed decentralized exchange aster breakout month. The platform has recorded three major records reflecting the rapid rise in distributed finance (DEFI).
From the influx of Ethereum to overtaking trading rivals, Aster’s growth has attracted traders, whales and influencers alike.
Ethereum locked with Aster exceeds 331,000
According to data from Defillama, the amount of ETH trapped in Aster reached 331,864 Ethereum as of September 23rd. This follows a sudden spike in the last week of the month.
Sponsored Sponsors
The milestone reflects the wave of fluidity rotation into the protocol. It suggests that users are increasingly seeing Aster as a competitive hub for decentralized trading and opportunities for surrender.
The influx of liquidity often serves as a barometer of user trust, suggesting that Aster has moved from a speculative launch to a platform where capital is stuck.
This powerful foundation is important for maintaining volume, reducing slippage and supporting large players on the chain.
BNB Chain flips Solana at a daily fee
Aster’s influence also spills over the wider blockchain competition. Cryptorank data shows that the BNB chain overtook Solana on daily chain fees between September 20th and 22nd.
From September 15th to 19th, Solana peaked daily rates at around $2.2 million compared to the BNB chain’s $0.6-0.8 million.
Sponsored Sponsors
However, the table changes after the launch of Aster and its liquidity is pulled. BNB chain fees rose to $11-1.4 million per day, while Solana cooled to nearly $0.85-0.95 million.
Fees are widely considered a simple yet powerful signal of actual demand, as they show how many users are willing to pay for block space.
This shift suggests that Aster was the main catalyst and brought activity back into the BNB chain. It also strengthened the competition against Solana with its ongoing battle for users and liquidity.
Aster surpasses high lipids in DEX trading
Perhaps the most notable milestone was overtaking high lipids in daily distributed exchange (DEX) trading volumes.
For three consecutive days, Aster’s 24-hour Dex volume led the market, peaking at $793 million.
The Surge coincides with 800% rallies in Astor’s native tokens, reaching an all-time high of nearly $2 recently. Whales booked millions of dollars in profits, while retailers flocked to the platform for liquidity and reward incentives.
Sponsored Sponsors
This combination has amplified speculation and adoption, and Aster has given unusual network effects early in the project’s lifecycle.
However, high lipids then increase rank and move positions 9 to 7 to 7 on the Dex Volume Metric, and Asters slip from 6 to 10.
Notes from CZ, Mrbeast and the Community
Aster’s momentum is not isolated. The public’s support from Binance founder Changpeng Zhao gave the project early legitimacy.
Meanwhile, influencer participation, including attention from YouTube star Mrbeast, has expanded its reach beyond traditional cryptocurrency.
Sponsored Sponsors
Moneylord, a popular user of X, notes that Aster generates $1.7 million in revenue every day. Based on this, users have predicted climbing to $10 million per day.
He emphasized that some of the supply would be burned and community users would be rewarded, but whales could benefit from being able to carry out large-scale deals “without hunting.”
With around 332,000 ETHs locked, BNB chain fees surge and advances in DEX volumes, Aster has been pinned this month as one of Defi’s most closely watched projects.
At the time of writing, Aster has grown by more than 13% in the last 24 hours, trading at $1.72.
However, the challenge for the future is whether we can maintain momentum beyond the hype, confirming that we already lose edges than the high lipids of DEX volume metrics.
