ASTER (Aster) down 15.23% in the past 24 hours

Gate News Bot Message, December 16th, according to CoinMarketCap market data, as of press time, ASTER (Aster) is currently priced at $0.79, down 15.23% in the past 24 hours, with a high of $0.99 and a low of $0.78. The 24-hour trading volume reached $594 million. The current market capitalization is approximately $1.914 billion, a decrease of $344 million from yesterday.

Aster is a new generation perpetual contract decentralized exchange, providing non-custodial trading services for all traders. The platform features cross-chain trading, no need for bridges or chain switching, allowing users to place orders directly on selected blockchains. It supports various trading modes including perpetual contracts, spot, and margin trading, and offers advanced tools such as hidden orders, enabling users to hide the size and direction of limit orders on the public order book. Additionally, Aster supports US stock trading with up to 100x leverage, with all transactions settled on-chain without bridges. The platform currently offers 45 trading pairs, has accumulated 1.89 million users, a total trading volume of $0.90 trillion, open interest of $62 million, and a total locked value of $32 million.

Important Recent News about ASTER:

1️⃣ Platform Ecosystem Activities Drive Trading Activity Up In early December, Aster launched multiple market stimulation measures intensively. During the Rocket Launch event, over $250,000 in prize pools were offered for the launch of two new tokens, CYS and RAVE. The RAVE/USD1 trading pair became the only platform supporting this pair due to Aster’s collaboration with WLFI’s USD1 stablecoin. Within three hours of going live, on-chain trading volume exceeded $60 million. Simultaneously, a zero-fee policy for stock perpetual contracts covering major assets like NVDA, TSLA, AMZN, and AAPL was introduced, further attracting traders. Additionally, the third phase airdrop opened for claiming on December 15 and will continue until January 15, 2026, providing ongoing participation incentives for users.

2️⃣ Human-Machine Trading Competition Boosts Platform Engagement In the Aster trading competition, traders performed strongly, with an overall return of 3.92%, surpassing the AI camp’s -1.72%. The top trader, “Eagle,” achieved nearly six times the initial capital, and Polymarket’s prediction of their winning probability rose to 52%. The initial fund was $10,000. After several days, traders’ leverage usage and trading strategy optimization significantly improved, indicating increasing platform activity and user stickiness.

3️⃣ Tokenomics Reinforce Mid- to Long-term Support On December 8th, Aster accelerated its fourth phase buyback plan, allocating 60% to 90% of platform fee income for daily repurchases, with daily amounts possibly reaching $4 million. Recently, approximately 78 million ASTER tokens were burned, and an equivalent amount was transferred to a lock-up airdrop wallet, strengthening deflation expectations. Coupled with the 2026 roadmap including Layer-1 upgrades, governance mechanism improvements, and staking feature enhancements, this provides systematic support for ASTER’s long-term value.

4️⃣ Mainstream Capital Continues to Favor Platform Prospects Donald Trump’s eldest son followed Aster and USD1 collaboration updates on social media, reflecting increased influence among high-profile audiences. Large whales increased their holdings by 11.61% under price pressure, accumulating a total of 44.76 million ASTER tokens, worth about $4.34 million, demonstrating institutional investor confidence in the platform’s long-term prospects. Brevis partnered with Aster to introduce zero-knowledge proof technology into on-chain trading, further enhancing the platform’s competitiveness in security and privacy.

In the short term, ASTER faces liquidation pressure from long positions, with potential downside technical risks. However, the maturity of the platform ecosystem, continuous market participation growth, and the long-term incentive mechanisms of the tokenomics lay a foundation for medium-term recovery.

This message is not investment advice. Please be aware of market volatility risks.