Aster Exchange is a decentralized exchange (DEX) that unifies spot and perpetual futures trading for both cryptocurrencies and tokenized traditional assets. Launched following the late 2024 merger of Astherus and APX Finance, it is a multichain platform operating across BNB Chain, Ethereum, Solana, and Arbitrum.
Key Exchange Features
Asset Variety: Beyond major cryptocurrencies like BTC and ETH, Aster exchnage supports perpetual contracts for U.S. stocks (e.g., Apple, Tesla) and precious metals like Gold and Silver.
Dual Trading Modes:
Simple Mode (1001x): A one-click, MEV-resistant interface offering ultra-high leverage up to 1001x.
Pro Mode: An advanced, order-book-based environment with sophisticated tools like Hidden Orders and grid trading.
Capital Efficiency: Through its "Trade & Earn" model, users can use yield-bearing assets—such as liquid-staked BNB (asBNB) or yield-generating stablecoins (USDF)—as collateral, earning passive rewards while actively trading.
Privacy & Execution: The platform is powered by Aster Chain, a high-performance Layer 1 blockchain using zero-knowledge proofs to anonymize trades and prevent front-running.
ASTER Token Ecosystem
The ASTER token (max supply 8 billion) serves as the native utility and governance asset for the exchange. It provides holders with trading fee discounts (maker fees as low as 0.01%), revenue-sharing opportunities through staking, and voting rights on protocol upgrades.
Key Insights
Market Position: As of early 2026, Aster has emerged as a significant rival to platforms like Hyperliquid, having surpassed them in daily revenue shortly after its September 2025 token launch.
Strategic Backing: The exchange is supported by YZi Labs (formerly Binance Labs) and has received high-profile attention from Binance co-founder Changpeng "CZ" Zhao.
Safety & Audits: The platform's smart contracts have been audited by firms including Certik, PeckShield, and Salus Security.
What Is Aster?
Aster is a decentralized perpetual exchange designed to simplify on-chain trading for all types of users. Emerging from the 2024 merger of Astherus and APX Finance, Aster combines yield optimization with advanced derivatives trading infrastructure. The platform operates across major blockchains like BNB Chain, Ethereum, Solana, and Arbitrum.
How Does Aster Work?
Aster is powered by Aster Chain, a Layer 1 blockchain designed for high performance. The chain integrates zero-knowledge proofs to enable private yet auditable transactions, enhancing privacy and mitigating risks such as front-running and MEV (Miner Extractable Value) attacks.
Aster lets your assets generate yield even when using them as collateral, addressing capital inefficiency common in many platforms where margin assets sit idle. The platform offers three main trading modes:
Perpetual Mode (Pro): An order-book–based trading environment with deep liquidity, low fees (0.01% maker, 0.035% taker), risk management features, and support for multi-asset margin trading.
1001x Mode (Simple): A fully on-chain perpetuals experience with up to 1001x leverage, featuring MEV resistance and a user-friendly interface.
Spot Mode: Traditional spot trading using an order book with advanced tools and deep liquidity.
Aster also supports Aster Earn, a yield-focused suite of products including asBNB (liquid staking derivative of BNB) and USDF, its own yield-bearing stablecoin pegged to USDT, both designed to maximize capital efficiency.
The platform obtains price oracle data from multiple reputable sources, including Pyth Network, Chainlink, and Binance Oracle, to ensure price accuracy.
ASTER Tokenomics
The ASTER token has a maximum supply of 8 billion units and is being distributed to the community primarily through airdrops and rewards. Key allocations include:
53.5% to community rewards and airdrops,
30% to ecosystem and community development,
7% to the treasury
5% to the team
4.5% for exchange liquidity and listing.
ASTER is a BEP-20 token that grants holders governance rights, allowing them to vote on protocol upgrades, fee adjustments, and treasury management. Holding ASTER can also give trading fee discounts and participation in revenue sharing via staking and buyback programs.
In early October 2025, the ASTER token was listed on the Binance exchange with the Seed Tag applied.
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