Aster Becomes #1 Dex With $12B Volume – Still 53% Below Peak!

What Happened

The launch of Phase 4 – Aster Harvest and Coinbase’s decision to add ASTER to its Listing Roadmap have ignited fresh optimism that the project could reclaim its previous all-time high (ATH), despite its price remaining 53% below peak levels.

According to the project’s official announcement, Phase 4, titled Aster Harvest, has officially begun. This phase will allocate an additional 1.5% of the total ASTER supply, distributed evenly across six weekly epochs (0.25% per epoch).

Market Context

The ASTER token is having a breakout week, surging over 12% in the past 24 hours and becoming the top-ranked decentralized perpetuals exchange (perps DEX) globally, with $12 billion in trading volume.

At the same time, Aster DEX has increased its buyback rate to $7,500 per minute, signaling a strong commitment to supply control and long-term price stability.

Another key catalyst comes from Coinbase, which has added ASTER to its official listing roadmap. This move is not only a strong publicity boost but also a potential gateway for institutional capital inflows once ASTER secures a complete listing on the US exchange.

Currently, Aster DEX leads all decentralized perpetual exchanges (perp DEXs) in daily trading volume, with over $12 billion in volume, according to DeFiLlama data. This growth demonstrates Aster’s growing dominance in the perpetual futures segment, a sector increasingly regarded as the “backbone” of next-generation DeFi.

The combination of an aggressive buyback program and a possible Coinbase listing may act as dual catalysts, propelling ASTER out of its prolonged consolidation phase and into a new growth cycle. However, market liquidity and broader sentiment still pose near-term risks.

From a technical standpoint, several analysts have noted bullish momentum forming in the ASTER/USDT chart. According to one market observer, a symmetrical triangle pattern is emerging, with a strong rebound from the Point of Control (PoC) support zone. A successful breakout above the triangle resistance could trigger a strong bullish rally.

Another analyst on X highlighted price consolidation within an ascending triangle, with resistance near $1.16 and support around $1.09. A clear move above $1.29 could invalidate the prior bearish structure and open the door to higher targets.

Additionally, analyst Captain Faibik confirmed that the Falling Wedge pattern has finally broken out after 50 days of consolidation, providing another signal in support of a short-term bullish bias.

With rising volume and multiple technical indicators signaling breakout potential, Aster DEX appears well-positioned for another leg upward. Additionally, Aster whales have accumulated $53 million in tokens, signaling renewed confidence and growth potential in the market.

At the time of publication, ASTER is trading at $1.06, down 3.9% over the past 24 hours, after briefly surging over $1.16. The current price is still 53% below its previous ATH.

The post ASTER Becomes #1 DEX with $12B Volume – Still 53% Below Peak! appeared first on BeInCrypto.

Why It Matters

Phase 4: A Major Milestone in Aster’s Expansion Journey

Technical Analysis: Signs of a Breakout From an Ascending Triangle

Details

“The most probable scenario now is a clean break above $1.16, followed by a retest that flips the zone into support. Holding that level would confirm breakout strength and open the path toward $1.19 > $1.29,” the analyst commented.

Still, the $1.29–$1.35 zone will serve as a crucial test to determine whether ASTER has enough momentum to challenge its previous ATH.