Aster cools after spike, but fundamentals signal more heat

By admin On Oct 6, 2025

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Aster price rally has pulled back in the past two days, moving from last week’s high of $2.2738 to $2. This crash has happened despite the ongoing surge in its key metrics, which have jumped to a record high and flipped Hyperliquid.

Summary

Aster has pulled back to $2 after hitting $2.27 last week, even as on-chain and trading metrics hit record highs.
The perpetual futures exchange—backed by Binance founder Changpeng Zhao—handled over $571 billion in weekly volume, surpassing rival Hyperliquid, which saw activity drop to $49 billion. Fees on Aster jumped to $109 million, while total value locked rose to $2.3 billion.
Despite the short-term correction, technical indicators suggest the rally could resume.

Aster blasts past Hyperliquid

Aster (ASTER), a perpetual futures exchange backed by Changpeng Zhao, has continued doing well in the past three weeks, transforming it into the biggest player in the industry.

Data compiled by DeFi Llama shows that the volume and fees in the network have jumped in an unreal manner. Aster had a weekly volume of over $571 billion last week, a big increase from the $270 billion it handled in the previous week.

The network handled over $10 billion in three weeks ago and $758 billion in the last 30 days. This growth has led to a substantial increase in the amount of fees it is generating. It had fees of over $109 million last week, a big increase from the previous week’s $93 million.

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Aster’s total value locked has soared to over $2.3 billion, making it one of the top players in decentralized finance (DeFi).

Its performance in the perpetual futures industry has flipped Hyperliquid by far. Data shows that Hyperlquid handled over $49 billion last week, down from $80 billion in the previous week. Hyperliquid made less than $20 million in fees.

Aster price technical analysis

Aster Coin price chart | Source: crypto.news

The two-hour chart shows that the Aster Coin price bottomed at $1.5070 on Oct. 1. It then bounced back and reached a high of $2.2738 on Oct. 4.

The coin recently moved above the important resistance level at $1.9712, its highest point on September 29. It has moved above the 50-period Exponential Moving Average.

The most likely scenario is where the Aster price continues rising as the crypto market rallyaccelerates. If this happens, the next level to watch will be last week’s high of $2.2738. A move above that level will point to more gains, potentially to the all-time high of $2.4260.

Read more: 4 reasons the crypto market Is booming past $4 trillion

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