Overview

• Aster’s ASTER token surged more than 2,000% in its first week to a multibillion-dollar market cap, with open interest jumping to about $1.25 billion and TVL rising roughly 196% to $1.85 billion.
• Multiple trackers showed Aster topping 24-hour perp volumes at roughly $25–$36 billion and out-earning Hyperliquid on fees, even as the wider market turned lower and HYPE rebounded about 9% today.
• Influencer interest escalated after Lookonchain reported MrBeast bought roughly $1 million of ASTER, as the token retraced more than 25% from midweek highs amid heightened volatility.
• On-chain data pointed to concentration risks, with two large wallets accumulating around 118 million ASTER (about $270 million) and sizable withdrawals recorded across several addresses.
• Ecosystem backing and marketing amplified the spike, including public nods from CZ, support from YZi Labs and BNB Chain, and CoinMarketCap’s CMC Launch push, while an Aster airdrop in early October and Hyperliquid token unlocks from November are in focus as next catalysts.