September was a breakout month for Binance-backed decentralized exchange Aster. The platform notched three major records that reflect its rapid ascent in decentralized finance (DeFi).
From Ethereum inflows to overtaking rivals in trading activity, Aster’s growth is attracting traders, whales, and influencers alike.
Ethereum Locked in Aster Surpasses 331,000
According to DefiLlama data, the amount of ETH locked in Aster reached 331,864 Ethereum as of September 23. This follows a sharp spike in the final week of the month.
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The milestone reflects a wave of liquidity rotation into the protocol. It suggests users increasingly view Aster as a competitive hub for decentralized trading and yield opportunities.
Liquidity inflows often act as a barometer of user confidence, suggesting that Aster has moved from a speculative launch into a platform where capital is sticking.
This strong foundation is critical for sustaining volumes, reducing slippage, and supporting larger players on-chain.
BNB Chain Flips Solana in Daily Fees
Aster’s impact has also rippled into broader blockchain competition. Data from CryptoRank shows that BNB Chain overtook Solana in daily chain fees between September 20 and 22.
From September 15 to 19, Solana led with daily fees peaking at around $2.2 million, compared to BNB Chain’s $0.6–$0.8 million.
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However, the tables turned following Aster’s launch and its liquidity pull. BNB Chain fees climbed to $1.1–1.4 million per day, while Solana cooled near $0.85–0.95 million.
Fees are widely considered a simple yet powerful signal of real demand, as they indicate how much users are willing to pay for blockspace.
The shift suggests that Aster has been a major catalyst, bringing activity back to BNB Chain. It has also reinforced its competitive position against Solana in the ongoing battle for users and liquidity.
Aster Tops Hyperliquid in DEX Trading
Perhaps the most striking milestone was Aster overtaking Hyperliquid in daily decentralized exchange (DEX) trading volumes.
For three consecutive days, Aster’s 24-hour DEX volume led the market, with $793 million recorded at its peak.
The surge coincided with an 800% rally in Aster’s native token, which recently hit an all-time high near $2. Whales booked multimillion-dollar profits while retail traders flocked to the platform for liquidity and reward incentives.
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This combination has amplified speculation and adoption, giving Aster the rare network effects so early in a project’s lifecycle.
However, Hyperliquid has since climbed the ranks, moving from position nine to seven on DEX volume metrics, with Aster slipping from position six to 10.
Attention from CZ, MrBeast, and the Community
Aster’s momentum has not come in isolation. Public support from Binance founder Changpeng Zhao gave the project early legitimacy.
Meanwhile, influencer participation, including attention from YouTube star MrBeast, has broadened its reach beyond traditional crypto circles.
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MoneyLord, a popular user on X, added to the buzz, noting that Aster is generating $1.7 million in daily revenue. Based on this, the user forecasted a climb toward $10 million per day.
He emphasized that a portion of the supply will be burned and community users rewarded, while whales benefit from being able to execute large trades without “getting hunted.”
With nearly 332,000 ETH locked, BNB Chain fees surging, and strides in DEX volumes, Aster has cemented itself as one of the most closely watched projects in DeFi this month.
As of this writing, ASTER is trading for $1.72, up by over 13% in the last 24 hours.
However, the challenge ahead is whether it can sustain momentum beyond the hype, seeing as it has already lost its edge over Hyperliquid on DEX volume metrics.
