{"id":12618,"date":"2025-10-05T20:05:12","date_gmt":"2025-10-05T20:05:12","guid":{"rendered":"https:\/\/bitunikey.com\/news\/aster-cools-after-spike-but-fundamentals-signal-more-heat\/"},"modified":"2025-10-05T20:05:19","modified_gmt":"2025-10-05T20:05:19","slug":"aster-cools-after-spike-but-fundamentals-signal-more-heat","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/aster-cools-after-spike-but-fundamentals-signal-more-heat\/","title":{"rendered":"Aster cools after spike, but fundamentals signal more heat"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Aster price rally has pulled back in the past two days, moving from last week\u2019s high of $2.2738 to $2. This crash has happened despite the ongoing surge in its key metrics, which have jumped to a record high and flipped Hyperliquid.<\/p>\n<div id=\"cn-block-summary-block_b60b87f0c2ad9c1d7be7c53d43f08a23\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Aster has pulled back to $2 after hitting $2.27 last week, even as on-chain and trading metrics hit record highs. <\/li>\n<li>The perpetual futures exchange\u2014backed by Binance founder Changpeng Zhao\u2014handled over $571 billion in weekly volume, surpassing rival Hyperliquid, which saw activity drop to $49 billion. Fees on Aster jumped to $109 million, while total value locked rose to $2.3 billion. <\/li>\n<li>Despite the short-term correction, technical indicators suggest the rally could resume.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Aster blasts past Hyperliquid\u00a0<\/h2>\n<p>Aster (ASTER), a perpetual futures exchange backed by Changpeng Zhao<strong>, <\/strong>has continued doing well in the past three weeks, transforming it into the biggest player in the industry.\u00a0<\/p>\n<p>Data compiled by DeFi Llama shows that the volume and fees in the network have jumped in an unreal manner. Aster had a weekly volume of over $571 billion last week, a big increase from the $270 billion it handled in the previous week.\u00a0<\/p>\n<p>The network handled over $10 billion in three weeks ago and $758 billion in the last 30 days. This growth has led to a substantial increase in the amount of fees it is generating. It had fees of over $109 million last week, a big increase from the previous week\u2019s $93 million.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Aster\u2019s total value locked has soared to over $2.3 billion, making it one of the top players in decentralized finance (DeFi).<\/p>\n<p>Its performance in the perpetual futures industry has flipped Hyperliquid by far. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/fees\/hyperliquid\" target=\"_blank\" rel=\"nofollow\">Data shows<\/a> that Hyperlquid handled over $49 billion last week, down from $80 billion in the previous week. Hyperliquid made less than $20 million in fees.<\/p>\n<h2 class=\"wp-block-heading\">Aster price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Aster Coin price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The two-hour chart shows that the Aster Coin price bottomed at $1.5070 on Oct. 1. It then bounced back and reached a high of $2.2738 on Oct. 4.\u00a0<\/p>\n<p>The coin recently moved above the important resistance level at $1.9712, its highest point on September 29. It has moved above the 50-period Exponential Moving Average.\u00a0<\/p>\n<p>The most likely scenario is where the Aster price continues rising as the crypto market rally<strong> <\/strong>accelerates. If this happens, the next level to watch will be last week\u2019s high of $2.2738. A move above that level will point to more gains, potentially to the all-time high of $2.4260.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aster price rally has pulled back in the past two days, moving from last week\u2019s high of $2.2738 to $2. This crash has happened despite the ongoing surge in its&hellip;<\/p>\n","protected":false},"author":1,"featured_media":9508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12618"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12618\/revisions"}],"predecessor-version":[{"id":12619,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12618\/revisions\/12619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/9508"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}