ASTER (Aster) 24-hour increase of 9.61%

Gate News Bot Message, February 09, According to CoinMarketCap data, at press time, ASTER (Aster) is trading at $0.62, up 9.61% in the past 24 hours, with a high of $0.65 and a low of $0.42. The 24-hour trading volume reached $267 million. The current market capitalization is approximately $1.542 billion, an increase of $135 million from yesterday.

Aster is a new generation perpetual contract decentralized exchange dedicated to providing non-custodial trading services for all traders. The platform supports cross-chain trading without the need for cross-chain bridges or switching, allowing users to place orders directly on their chosen chain. Aster offers advanced tools such as hidden orders, enabling traders to conceal the size and direction of limit orders on the public order book, giving users a competitive edge. The platform supports US stock trading with leverage up to 100x, with all trades settled in cryptocurrency and no bridging required. Aster has strong cross-market liquidity support, offering 45 trading pairs, with a total trading volume of $1.03 trillion, attracting 2.25 million users, open interest reaching $460 million, and a TVL of $270 million.

Important Recent News about ASTER:

1️⃣ Platform Ecosystem Product Line Expansion
Aster launched the Rocket Launch product, providing early-stage crypto projects with channel support and integrating trading reward mechanisms. This feature expands the platform’s capabilities in early project incubation and trader incentives, helping attract more liquidity and user participation, and strengthening its position as a one-stop trading ecosystem.

2️⃣ Token Economics Optimization and Buyback Mechanism
The platform has initiated its fifth phase of buyback plans, supporting market liquidity through continuous token repurchases and improving the tokenomics fundamentals. This ongoing buyback mechanism helps maintain price stability and signals a long-term development commitment to the market.

3️⃣ Market Risks and Whale Liquidity Changes
Large holders’ trading activities may exert potential pressure on prices, and some institutional investors’ reduction of holdings could trigger short-term volatility. Amid sufficient trading volume and market cap growth, participants should monitor large liquidity movements.

From a technical perspective, ASTER reached a high of $0.65 within 24 hours before falling back to $0.42, indicating a need for price correction. The current trading volume of $267 million remains substantial, and the market cap increase of $135 million reflects relatively stable market confidence, but it remains to be seen whether it can break through previous highs.

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