Aster

Aster is a decentralized perpetual exchange built primarily on BNB Chain and also active on Ethereum, Solana, and Arbitrum, which lets traders open leveraged positions on cryptocurrency perpetuals and U.S. stock instruments without giving up custody of their assets. It emerged from the merger of Astherus and APX Finance in late 2024, with holders of the older APX token able to migrate to ASTER. The platform is aimed at traders who want the control of a non-custodial setup alongside the order-book features typically associated with centralized exchanges.

Aster pools liquidity across its supported chains so that large trades can be matched without requiring users to bridge funds between networks. It offers two trading modes: a simplified one-click interface with MEV-resistant execution and leverage up to 1001x, and a professional order-book mode with features such as hidden orders and automated grid trading. The ASTER token is the native asset of this ecosystem, having replaced APX through migration, and functions within the platform's incentive and governance structure, though the stored data does not specify the precise on-chain mechanics of fee distribution to token holders.

The data stored on this page does not include a direct fee revenue figure for Aster, so no fee-based valuation measures are available here. What the data does show is a 24-hour turnover rate of 4.898416 percent of market capitalization and a 30-day average volume-to-market-cap ratio of 4.287943 percent, both of which reflect trading activity levels rather than protocol revenue. The fully diluted valuation stands at 2.871699 times the current market capitalization, reflecting the relationship between the circulating supply of approximately 2.71 billion ASTER and the maximum supply of 8 billion tokens.