Aster Hits New DeFi Milestones: Attracts Whales and Traders!
Aster, a decentralized exchange supported by Binance, had a breakthrough month in September. Three significant records were set by the platform, demonstrating its quick rise in decentralized finance (DeFi). Aster’s expansion is drawing in traders, whales, and influencers in equal measure, as seen by Ethereum inflows and surpassing competitors in trading activity.
As of September 23, 331,864 Ethereum were locked in Aster, according to DefiLlama data. This comes after a notable uptick in the last week of the month. A wave of liquidity rotation into the protocol is reflected in the milestone. It implies that people are beginning to see Aster as a competitive center for yield and decentralized trade. Inflows of liquidity frequently serve as a gauge of user confidence. This implies that Aster is now a platform where cash is hanging around rather than a speculative debut.
Aster Sparks Fee War: BNB Chain Outpaces Solana in Daily Revenue
The influence of Aster has also affected the more general blockchain competition. According to CryptoRank data, between September 20 and 22, BNB Chain surpassed Solana in daily chain fees. Solana had the highest daily fees from September 15 to September 19, reaching a peak of over $2.2 million, while BNB Chain’s prices ranged from $0.6 to $0.8 million. But after Aster’s introduction and its liquidity draw, the roles were reversed. While Solana fees decreased to about $0.85–0.95 million per day, BNB Chain fees increased to $1.1–1.4 million.
The amount that users are prepared to pay for blockspace is indicated by fees, which are generally regarded as a straightforward but effective indicator of actual demand. The change implies that Aster was a significant catalyst that revived the BNB Chain. In the continuous competition for consumers and liquidity, it has further strengthened its position against Solana.
Aster Surges 45% in a Day Following CZ and MrBeast Support
Aster’s momentum did not occur on its own. The project was given early legitimacy by Changpeng Zhao, the creator of Binance, who publicly supported it. The involvement of influencers, like as YouTuber MrBeast, has expanded its reach beyond conventional crypto circles. In this regard, the price of ASTER is $1.93 at the time of writing, up more than 45.06% over the previous day. However, given that it has already lost its advantage over Hyperliquid on DEX volume measures, the question that remains is whether it can maintain momentum past the hype.
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