Aster’s TVL spiked to roughly $2 billion immediately after its APX token launch, then dropped to about $545 million the same day before stabilizing around $655 million; the surge reflected heavy trading but not clear long-term backing, while community speculation linked Changpeng “CZ” Zhao to the project.
Aster’s TVL jumped to ~$2B then fell to $545M, rebounding to $655M.
APX token launch drove $434M in 24h trading volume and increased user activity.
Hyperliquid remains larger: reported $670M TVL, $800M daily volume and $15B open interest vs Aster’s $3.72M open interest.
Aster TVL surged to $2B after APX token launch, then dropped—read the latest TVL, trading volume and CZ involvement analysis. Stay informed with COINOTAG.
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After Changpeng Zhao congratulated it on X, community members speculated that the Binance co-founder could be behind the Aster project.
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What caused Aster’s TVL spike and subsequent drop?
What caused Aster’s TVL spike and subsequent drop?
Aster’s total value locked (TVL) jumped to roughly $2 billion immediately after its APX token launch due to token distribution and large liquidity inflows, then corrected to around $545 million as initial demand faded and liquidity normalized. Trading volume surged and some liquidity providers withdrew post-launch.
How large was the trading reaction to APX?
How large was the trading reaction to APX?
Aster recorded approximately $434 million in 24-hour trading volume after the APX token debut, placing it among the most active DeFi derivatives venues during that window. Volume surged far above pre-launch averages and coincided with elevated on-chain token transfers and user activity.
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Aster’s TVL drops to $1.9 billion after briefly hitting $2 billion on Thursday. Source: DefiLlama
Is Changpeng Zhao behind Aster?
Community speculation intensified when Binance co‑founder Changpeng “CZ” Zhao posted a congratulatory message on X. Some users interpreted profile edits and the comment as indirect endorsement or involvement.
What constraints limit CZ’s involvement?
Public records indicate CZ is restricted from managing Binance under a lifetime-related ban resulting from a 2024 settlement. Binance CEO Richard Teng and regulatory reports have described these constraints, and CZ has publicly characterized himself as “just a community member and a BNB holder.”
Source: Tulip King
What documented ties connect Aster to the Binance ecosystem?
Aster’s ties to the broader Binance ecosystem are documented through the former Binance Labs, now YZi Labs. YZi Labs announced investment in Aster’s predecessor, Astherus, and a BNB Chain representative confirmed Aster received mentorship, ecosystem exposure and program resources.
What support did Aster receive from YZi Labs and BNB Chain?
The BNB Chain spokesperson said Aster benefited from mentorship, technical and marketing resources, and ecosystem access. YZi Labs listed Aster (via prior investment in Astherus) among incubated projects, though direct coaching by specific individuals was not publicly confirmed.
Source: CZ
Frequently Asked Questions
How does Aster compare to Hyperliquid in derivatives metrics?
Hyperliquid reported $670M in TVL, $800M daily volume and $15B in open interest, significantly outpacing Aster’s open interest of roughly $3.72M at the time of reporting, indicating Hyperliquid’s deeper derivatives market presence.
Did anyone report issues using Aster after launch?
Several community posts alleged withdrawal problems and platform instability during the launch window. These claims remain user-reported and unverified; readers should consult on-chain transaction data for confirmation.
Key Takeaways
- TVL volatility: Aster’s TVL spiked to ~$2B then corrected to ~ $545M, showing launch-driven liquidity swings.
- Heavy trading: APX launch produced ~$434M 24h volume, highlighting strong short-term interest.
- Binance ties: Aster received incubation support from YZi Labs (formerly Binance Labs), but CZ’s direct operational role is unconfirmed.
Conclusion
APX’s token launch produced a dramatic, short-lived TVL surge and substantial trading volume for Aster, underscoring the impact of token events on DeFi liquidity. While community discussion linked Changpeng Zhao to the project, publicly available records show incubation ties via YZi Labs rather than clear evidence of CZ’s direct management. Monitor on-chain metrics and official YZi Labs or BNB Chain statements for confirmed updates. COINOTAG will continue to track developments and report verified changes.