and it has privacy:
Aster (ASTER) is a next-generation decentralized exchange (DEX) that offers both perpetual and spot trading for cryptocurrencies and traditional stock perpetuals, such as Apple and Tesla, providing a non-custodial, 24/7 trading experience.
It was formed through the strategic merger of Astherus, a multi-asset liquidity and yield protocol, and APX Finance, a decentralized perpetuals protocol, completed in late 2024.
The platform's primary innovation is its "Trade & Earn" model, which allows users to employ yield-bearing assets, like asBNB (Astherus Staked BNB) and USDF (Aster USDF), as margin for trading, enabling them to earn passive yield on the same capital used for active trading.
Aster operates across multiple blockchains, including BNB Chain, Ethereum, Solana, and Arbitrum, providing multi-chain accessibility without requiring manual bridging.
It features a dual-mode trading system: "1001x Simple Mode" for beginners, offering MEV-resistant, one-click trading with leverage up to 1001x, and "Pro Mode" for advanced users, which includes an order book interface, hidden orders, grid trading, and other professional tools.
The platform is designed to compete with centralized exchanges by offering institutional-grade features while maintaining decentralization.
A key differentiator is its focus on capital efficiency and privacy. By allowing yield-generating assets as collateral, Aster addresses the inefficiency of idle margin assets on traditional platforms.
Its "Hidden Orders" feature keeps large trades invisible until execution, mitigating front-running and MEV risks.
The upcoming Aster Chain, a purpose-built Layer 1 blockchain, will integrate zero-knowledge proofs to provide truly anonymized trades while maintaining on-chain verifiability.
The $ASTER token, with a fixed maximum supply of 8 billion units, serves as the platform's governance token, rewards participation, and facilitates fee reductions.
It was launched via a Token Generation Event (TGE) in September 2025, triggering explosive price growth of over 1,500%.
The project is backed by YZi Labs, the venture arm of Binance Labs, which is closely associated with Binance co-founders Changpeng Zhao (CZ) and Yi He, lending it significant credibility and ecosystem access.
CZ's public endorsement of the project on social media was seen as a major catalyst for its price surge.
The ASTER token is also listed on Bybit, a centralized exchange, further validating its institutional confidence.
