Bitaigen Research If you look back at the tokens that stood out from the end of last year to the beginning of this year, Hyperliquid attracted a lot of attention because its price surged almost five‑fold in a single month. Its emergence reminded the market that perpetual contracts can be launched on‑chain with lower costs, faster settlement and higher leverage.
Just as Hyperliquid was gradually emerging from a trust crisis, the Perp Dex arena welcomed a dark‑horse contender – Aster, a platform personally highlighted by Binance founder CZ. Compared with other platforms, Aster offers lower fees and, for high‑volume traders, a higher degree of security.
This article provides a thorough overview of Aster – what kind of exchange it is, the technical advantages of its on‑chain contract protocol, the team and financing background, its potential links to the Binance ecosystem, and a step‑by‑step guide to the AST token airdrop tasks.
In this article we break down Aster’s positioning, technical strengths and its relationship with the Binance ecosystem, and we walk you through the complete AST airdrop task flow, helping you quickly understand this Perp Dex that has earned CZ’s endorsement. The details that follow are worth a careful read.
What is Aster?
Aster is a multi‑chain decentralized exchange for perpetual contracts that launched at the end of 2024 after the merger of Asterus and APX Finance. Its mission is to provide a trading environment with low fees, high leverage and built‑in privacy protection.
Key Features
- Non‑custodial: Users retain full control of their funds; no centralized custody is involved.
- Low fees: Maker fee 0.01 %, Taker fee 0.035 %.
- High leverage: Supports multiple‑times leverage on a wide range of assets.
- Cross‑chain: Seamless operation on BNB Chain, Arbitrum, Ethereum and Solana.
- No KYC: Contract interaction does not require identity verification, making the platform accessible to traders of all experience levels.
Aster’s monthly cumulative trading volume already reaches several hundred billion USD, and daily turnover has broken the 1 billion USD threshold. According to data displayed on a Dune dashboard, the number of active on‑chain wallets exceeds 840 k, and the total value locked (TVL) is roughly 350 million USD.
Aster Chain: A Blend of Privacy and Performance
Aster Chain is built specifically for transaction privacy. It leverages Brevis’s zero‑knowledge proof (ZK Proof‑of‑Proof) architecture to verify transaction validity without revealing position sizes or profit‑and‑loss details. This technology helps prevent malicious practices such as liquidation sniping – a problem that hit Hyperliquid hard last year when leaked liquidation points caused massive losses.
Official metrics claim that Aster Chain delivers:
| Metric | Value |
|---|---|
| Execution latency | 10 ms |
| Throughput | >150,000 TPS |
| Compared to Ethereum | ~15‑30 TPS |
| Compared to Solana | ~65,000 TPS |
Technical highlights include:
- A multi‑node built‑in order book that speeds up matching.
- Trustless settlement without intermediaries, ensuring fair liquidations.
- Weighted oracle pricing to keep market prices stable.
- PoSA consensus combined with ZKPs, enabling permission‑less withdrawals; even if the underlying Layer 1 network experiences an outage, funds remain safe.
In addition, Aster introduces a Zero Gas Fee mode, eliminating transaction costs – a feature that appeals strongly to high‑frequency traders. Its cross‑chain capability supports assets on BNB, ETH, Solana and other networks, allowing flexible portfolio allocation.
These characteristics place Aster somewhere between a traditional dark pool and a modern decentralized exchange, offering high‑net‑worth traders a secure, manipulation‑resistant environment.
Core Team and Funding: YZi Labs Backing, CZ‑Chosen Perp Dex
Aster was formed by the merger of the derivatives exchange APX Finance and the multi‑asset liquidity protocol Astherus, both of which are prominent projects on BNB Chain.
- Astherus: A multi‑asset liquidity platform that offers staking for BTC, BNB and liquid staking tokens (LST). It was selected for YZi Labs’ seventh‑season incubation program last year, receiving exclusive capital that lifted its TVL to 300 million USD almost overnight.
- APX Finance: A seasoned derivatives protocol supporting multi‑chain trading, offering up to 1001× leverage and a zero‑slippage experience.
In December 2024 the two entities officially combined to become Aster, adopting ultra‑low fees of 0.01 % maker and 0.035 % taker, and a deep order book supplied by seasoned market makers. The goal is to challenge Hyperliquid’s leadership in the perpetual market.
Beyond YZi Labs’ endorsement, Binance CEO CZ has repeatedly engaged with Aster’s official channels, even describing Aster as the first platform on which he intends to open on‑chain contracts. This public support has led many community members to believe that Aster has a strong chance of being integrated into the broader Binance ecosystem (U.S. users should note that Binance‑US, not the global Binance platform, is the appropriate venue for any Binance‑related services in the United States).
Aster Rewards Program: $AST Token Airdrop Task Guide
Aster is currently running a rewards program that encourages users to accumulate trading volume on the platform. By completing the listed tasks, participants earn Rh points, which may later qualify them for an AST token airdrop.
How to Participate
- Visit the official activity page and click the “Connect Wallet” button in the upper‑right corner to link your wallet.
- Go to the deposit rewards page and click “Deposit Now”.
- Supported chains include BNB Chain, Ethereum, Arbitrum, Solana and others. Choose any asset you hold, make a deposit, and you’ll be able to start trading perpetual contracts.
Rewards Program Rules
| Task Type | Description | Reward |
|---|---|---|
| Deposit task | Deposit ≥ 100 USDT within 7 days and keep the position for at least 2 days | 500 Rh |
| Trading task | Accumulate ≥ 1,000 USDT of trading volume within 7 days | 1,000 Rh |
| Trading task | Accumulate ≥ 10,000 USDT of trading volume within 7 days | 10,000 Rh |
| Trading task | Accumulate ≥ 100,000 USDT of trading volume within 7 days | 100,000 Rh |
| Trading task | Accumulate ≥ 2,000,000 USDT of trading volume within 7 days | 200 USD |
After completing the relevant tasks, the points are credited to your account. In a future airdrop phase, the Aster team will distribute AST tokens proportionally to the amount of Rh points each user holds.
The AST Token: Native Token of the Aster Ecosystem
AST is the native utility token of the Aster ecosystem. It is expected to be used for governance voting, staking rewards and broader ecosystem incentives. The full tokenomics – including total supply, distribution schedule and allocation percentages – have not yet been disclosed by the project. Updates will be released as official announcements become available.
Summary
Aster, a Perp Dex singled out by Binance founder CZ, offers competitive advantages in technology, fee structure and cross‑chain experience. New users can earn basic reward points by depositing just 100 USDT, without any forced trading, and thereby become eligible for a potential AST airdrop. For a deeper dive into Aster (and the upcoming AST token), stay tuned to future coverage from Bitaigen (比特根).
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*Note: Cryptocurrency transactions, including airdrops, may be subject to tax obligations in your jurisdiction. Participants should consult a tax professional to understand how gains or received tokens might be taxed under local law.*
*For fiat on‑ramps and withdrawals, the platform generally supports USD transfers via SEPA or SWIFT where applicable.*
Related Reading
- Aster DeFi: Multi‑Chain Perpetual Contracts & Binance Labs
- Top 5 Undervalued Perp DEX Dark Horses to Watch in 2025
- Perps DEX Explained: Decentralized Perpetual Contracts
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