TLDR:

Aster price hit $2.30 after CEO announced internal testing of a custom Layer 1 blockchain to boost trading privacy
Daily perpetual trading volume reached $21.4 billion, generating $9 million in revenue and beating competitor exchanges
Whale accumulation and higher community participation in Season 2 farming fueled increased demand for ASTER tokens
Market cap crossed $3.7 billion as Binance co-founder CZ’s support added more trader confidence to the rally

So much has been happening with Aster lately. Its token has been climbing at a rapid pace. Traders have been watching the chart as it broke new highs this week. 

Market participants are asking why the price is soaring while the wider crypto market trades sideways. Today’s move shows the token is getting serious momentum.

Aster Price Surges on Layer 1 Blockchain Reveal

Aster’s token price climbed over 35% in the last 24 hours, trading at $2.30 with a market cap above $3.7 billion. Data from CoinGecko shows a 38.52% daily jump and heavy trading volume of more than $2.7 billion.

ASTER price on CoinGecko

On September 24, 2025, Aster CEO Leow Luen Jie revealed that the team is developing its own Layer 1 blockchain. The new chain is in internal testing and aims to enhance trade privacy while keeping transactions verifiable. 

The announcement lined up with ASTER reaching a fresh all-time high of $2.26, drawing attention even in a flat market.

HUGE: $ASTER CEO confirms Aster Chain is coming & currently being tested. pic.twitter.com/2uZs1655Zr

— Coin Bureau (@coinbureau) September 24, 2025

Perpetual trading activity has exploded. Aster reported $21.4 billion in daily perpetual trading volume, generating $9 million in revenue that outpaced rivals like Hyperliquid. The performance has pulled in new traders who view Aster’s on-chain liquidity as an edge.

Market data also shows whales have been accumulating ASTER steadily since last week. Their positioning has added more demand during the rally, further driving the price upward.

Community Hype and Season 2 Farming Boost

Part of the excitement is coming from Aster’s community push around Season 2 of its points farming program. Crypto analyst Shawn noted on X that only 4% of tokens are released in this round but participation is already 30 times higher than in Season 1.

Shawn shared that market orders generate double points and advised participants to watch fees and slippage while farming. He also highlighted the higher weight for converting USDT into USDF or asBNB. The thread has been shared widely by Aster’s followers, adding to the buzz.

Many got rich from $Aster . @Aster_DEX S2 is live until Oct 5

Don’t miss your chance to farm low-cost chips.

Here’s my guide to farming points efficiently and grabbing your share.

Only 4% of tokens are released this round—half of S1—but participation is already 30x higher.… pic.twitter.com/rzriVk38Zo

— Shawn (@ShawnCT_) September 24, 2025

The points system rewards profitable trading activity, so participants are optimizing trades rather than chasing high volume alone. The strategy has created steady on-chain activity and liquidity, keeping attention on the token.

Support from Binance co-founder Changpeng Zhao has also given traders more confidence. His backing has made Aster a trending topic across trading forums. The combined mix of whale inflows, perpetuals volume, and fresh user activity is helping maintain price momentum.

The post Why Is ASTER Price Pumping Today? appeared first on Blockonomi.

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Filed under: Bitcoin - @ September 24, 2025 10:26 am