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Amid efforts to continue to expand its growing ecosystem, Aster, a decentralized privacy-focused perpetual exchange, has announced today the official launch of the Aster Genesis: Stage 2.
While the move has seen the platform confirm the long-anticipated date for its Token Generation Event (TGE), it is set to kickstart its airdrop points campaign.
Before this, the project had conducted its Stage 1 campaign and saw 527,224 unique wallets amassing over $37.7B in trading volume across 20 weeks, signaling strong traction in the emerging decentralized exchange (DEX) space.
Furthermore, Aster has grabbed nearly 20% of the entire perpetual DEX market share in terms of monthly trading volume in just a few months since Stage 1.
 
Speaking on the successful completion of the Stage 1 campaign, Leonard, CEO of Aster, said, “Stage 1 sent a clear message: traders want more than access – they want speed, composability, privacy, and capital that keeps working.”
“Aster is pioneering a new category – where users can earn yield from liquid staking tokens such as asBNB or stablecoins like USDF, while simultaneously leveraging these yield-generating assets as liquid collateral for perpetuals trading on Aster. This unlocks a whole new level of capital efficiency for all traders,” Leonard added.
Introducing Aster Genesis
Following the completion of the last campaign, the project has launched Aster Genesis: Stage 2, designed to introduce a new points system with updated eligibility metrics, as well as higher transparency, shaped directly by community feedback from Stage 1.
While the project has revealed the scheduling of its TGE for later this year, the Stage 2 campaign will kick off immediately, setting the stage for token distribution in Q4 2025.
Notably, Aster Genesis allows traders to accumulate points through metrics such as trading volume, position holding time, referral activities, team boosts, using Aster’s asBNB and USDF as margin, and on every profit or loss realized during the event.
Leonard further commented, saying;
“Stage 2 tightens the link between engagement and reward ahead of TGE…Shaped by user feedback, the new rules prioritize fairness and incentivize authentic user engagement so that every trader can participate on a level field and build toward the airdrop.”
The token distribution will see over 50% of $ASTER’s total token supply distributed for community airdrops, and 8.8% (704,000,000 $ASTER) will be unlocked immediately upon TGE for eligible participants who have earned Rh or Au points from Aster’s points programs.
The announcement further noted that users who received Aster Gems allocations from community and partner initiatives, and those who traded on Aster Pro and earned loyalty points after Stage 1 ended, will also be eligible. Notably, any unclaimed $ASTER tokens will be redirected back to the ‘Airdrop’ allocation for future community rewards.
Amid efforts to continue advancing its vision for privacy-first trading, Aster has introduced Hidden Orders and unveiled Aster L1 Chain as a foundation for private, non-custodial execution, bringing traditional equity exposure on-chain with 24/7 stock perpetuals.
In addition to this, Aster has also recently launched Spot markets, making Aster a one-stop destination for all on-chain trading needs. Thus, the milestones above set the foundation as the exchange moves toward its token generation event (TGE), scheduled for September 17, 2025.
Following the launch of the Stage 2 campaign, Aster has garnered over $350M in total value locked (TVL) across seven EVM chains and Solana, with an annualized fee run-rate above $30 million – reflecting an 87.5% year-to-date growth in 2025.
Per the announcement, the TGE will see the Aster token ($ASTER) list on major exchanges, including Aster’s spot markets, with coordinated launch promotions to follow closely.
Leonard further commented on this, saying, “The $ASTER community airdrop is scheduled to take place on the day of TGE…We’ve heard comparisons to recent, high-engagement airdrops from competing projects, but our primary focus is signal over spectacle. Authentic participation across Stages 0 and 1 is what this design seeks to reward – generously and fairly at TGE.”
Leonard also highlighted the potential growth poised to the Aster ecosystem following the new development, saying;
“Our next leg of growth will come from distribution. Aster will form the liquidity layer behind apps that people already use: an open, capital-efficient platform that partners with wallets and DEXs like PancakeSwap, Trust Wallet, SafePal, or emerging platforms like Four.meme and more. Our goal is simple: compound liquidity across partners so on-chain markets feel invisible, instant, and always on,” said Leonard.
Source: https://zycrypto.com/aster-announces-launch-of-aster-genesis-as-stage-2-goes-live-unveils-tge-date/