ASTER DEX reached a record daily volume of $12,000 million, a milestone that reconfigures competition in decentralized perpetual futures and affects traders, liquidity providers and institutional investors. Despite the surge in activity, the ASTER token remains approximately 53% below its high, highlighting the gap between market usage and token valuation.
According to reports, Aster recorded up to $12,000 million in volume in 24 hours and $493,61.000 million over 30 days, capturing a very large portion of perpetuals market liquidity. This scale underscores a rapid shift in on-chain derivatives flows and a mounting share of activity on the platform.
Multiple levers reportedly drove the advance: phase 4 called “Aster Harvest” released an additional 1,5% of the supply in weekly epochs; a steady buyback program was reported at levels of $7,500 of ASTER repurchased per minute at peaks; and listings on centralized exchanges included public support from key figures and a Coinbase listing roadmap, according to cited sources.
The platform emphasized features for high‑leverage traders, including MEV‑resistant execution, multichain compatibility, hidden orders and grid‑type strategies with reported leverage up to 100x (and mentions even of extreme levels). MEV (maximal extractable value) is the value that certain participants can extract by reordering or censoring transactions in blocks.
Fay facts in ASTER success
Growth has not been linear nor free of controversy. Aster was temporarily excluded from a data aggregator due to trading patterns considered suspicious, prompting accusations of “wash trading” and incentivized volume. Large wallet movements—multi‑million dollar buys and withdrawals from centralized exchanges to the DEX—also drew attention and amplified market focus on the sustainability of volumes.
Aster could generate up to $10 million daily in fees, potentially surpassing established rivals; that dynamic attracts liquidity providers but also concentrates risk if volumes are driven by artificial incentives. While delisting and accusations erode the confidence of institutions and regulators, and data transparency will be critical for legitimization as scrutiny increases.
The next milestone cited by sources is the completion of listings on centralized markets and the deployment of infrastructure improvements (own layer‑1), which could reduce latency and attract more capital; meanwhile, the tension between volume and integrity verification will continue to shape Aster’s evaluation by traders, liquidity providers and regulators.
