Aster appears with the highest trend token on Coingecko

Aster (Aster) has become the highest trend token on Coingecko, with its value soaring 2,400% since its launch.

The project’s popularity is driven by key recognition of its quarter 2 points program and industry figures, including former Binance CEO Changpeng Zhao (CZ).

Aster climbing rankings

Encrypted Data Aggregator reports through X that XLP has achieved its highest position on Coingecko after its recent Airdrop (worth about $10,000) is distributed to holders. Ranking is close to the permanent marks Aster and Avnt.

Aster is a local symbol of decentralized permanent futures exchange, with its name challenging hyperliquidity dominance in the industry. It runs on multiple blockchains including Ethereum and Solana, but is primarily found in the BNB chain.

Aster traded at about $1.78 today, down 15.3% in the past 24 hours, but is up more than 181% from last week. Since its launch on September 17, the coin’s value has soared more than 2,400%, bringing its market cap above $2.9 billion and securing Coingecko’s 50th place.

Aster has been around for over a year, but the platform’s activity exploded after its Aboriginal tokens were launched. Since then, exchanges have surpassed the hyperliquidity of key indicators. Defilama data shows it reported $35.86 billion in daily permanent trading volume, surpassing rivals’ $17.16 billion.

Strong performance attracted new traders who viewed the liquidity of the platform as a competitive advantage. Data on the chain suggests that whales have been steadily accumulating Aster since last week, investing in tokens for more than $48 million. In addition, another large holder recently made $7 million in profits from its initial $300,000 spending.

Why Aster explodes in popularity

Part of the excitement comes from the community of the project’s drive in season 2 of its Points Agriculture Program. This event rewards users for trading, recommendations and margin usage. Crypto analyst Shawn shared on X that only 4% of the tokens in this round, but participation is already 30 times higher than Season 1.

Aster also received support from prominent figures in the crypto industry, including Binance founder Changpeng Zhao (CZ), who has publicly recognized the project and promoted it on its X account. The platform is also supported by Zhao’s private investment firm Yzi Labs, which provides guidance, technical support and marketing exposure.

Additionally, cryptocurrency trader James Wynn has promoted Aster to an outstanding product for competitors’ super liquidity. Yongen pointed out that as the new permanent DEX progresses in the industry, its rivals are facing “slow and painful deaths.”