Aster appears as Coingecko’s top trend token

Aster (Aster) has emerged as Coingecko’s top trend token, and its value has exceeded 2,400% since its launch.

The project’s popularity is driven by a season 2-point program and key support from industry figures, including former Binance CEO Changpeng Zhao (CZ).

Aster climbs to the rankings

Crypto Data Aggregator reported via XLP that it achieved Coingecko’s top spot. Just behind the rankings are the permanent token aster and AVNT.

Aster is a native token of decentralized, permanent futures exchange, and with the same name challenges the advantages of hyperliquid in the sector. It runs on multiple blockchains, including Ethereum and Solana, but mostly exists in BNB chains.

Aster today down 15.3% in the last 24 hours, trading at around $1.78 today, but up more than 181% last week. Since its launch on September 17th, the coin’s value has skyrocketed over 2,400%, with market capitalization exceeding $2.9 billion, securing its 50th position in Coingecko.

Aster has been around for over a year, but its activity on the platform exploded after the launch of the native token. Since then, exchange has overtaken high lipids with important metrics. Defillama data shows that it reported $35.86 billion in daily permanent trading volumes, more than its rivals’ $17.16 billion.

Strong performance has brought together new traders who view the liquidity of the platform as a competitive advantage. Data on the chain reveals that whales have been steadily accumulating aster since last week, with more than $48 million invested in tokens. Apart from that, another large owner recently pocketed $7 million in profits from his initial spending of $300,000.

Why is Aster so popular?

Part of the excitement comes from the community push of the project around Season 2 of the Points Agriculture Program. Campaigns reward users for trading, referrals and margin use. Crypto analyst Shawn shared with X that only 4% of the tokens released in this round are released, but participation is 30 times higher than Season 1.

Astor also has been supported by well-known figures in the Crypto industry. This included Binance founder Changpeng Zhao (CZ), who publicly approved the project and promoted it on his X account. The platform is supported by YZI Labs, a private investment company from Zhao, and offers mentorship, technical support and marketing exposures.

Additionally, James Wynn of Crypto Trader has promoted Aster as a better product than its competitors’ high lipids. Wynn noted that as the new Perpetuals Dex gains position in the industry, its counterparts face “slow and painful death.”