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- Aster’s airdrop announcement triggered a 20% daily price jump.
- On-chain liquidity and DEX volumes are sharply rising.
- Resistance near $1.75–$1.80 could test the strength of the rally.
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Decentralized perpetual exchange Aster (ASTER) has found new life in the market after announcing the rollout of its long-awaited airdrop program. The move, which allocates 4% of the token supply to eligible users, has triggered a wave of optimism, pushing ASTER’s price up by 20% in a single day and reigniting confidence among investors.
Dear Aster users,
— Aster (@Aster_DEX) October 10, 2025
The Aster S2 airdrop checker has just been announced, and we have received feedback from the community about potential shortfalls. This outcome is far from what we expected. Currently, we have fully calculated the refunded trading fees and covered the referral…
On-Chain Activity Strengthens Market Confidence
Aster’s ecosystem has seen a clear resurgence in participation. Total Value Locked (TVL) surged by $141 million in just 24 hours, reaching $2.16 billion, signaling renewed trust in the platform’s liquidity.
At the same time, DEX trading volumes hit $262 million over the past day, with total weekly volumes surpassing $2.24 billion—a strong indicator that investors are actively accumulating ASTER. Despite this progress, the platform still trails behind the top 15 perpetual protocols by liquidity, suggesting room for further recovery.
Retail Traders Turn Bullish
Data from CoinGlass revealed that retail traders are increasingly betting on ASTER’s upside. The Open Interest Weighted Funding Rate flipped positive at 0.0072%, after two days in the red—typically a sign of growing bullish bias in perpetual markets.
Adding to the optimism, ASTER’s Relative Strength Index (RSI) moved back into the positive zone, hinting that momentum could continue to favor buyers if volume remains steady.
Also Read: Aster Leads DEX Market With $41.7B Volume Amid Transparency Concerns
Resistance Ahead Despite Optimism
Still, ASTER’s rally isn’t without obstacles. The token now faces a key resistance zone between $1.75 and $1.80, where dense selling pressure could cap further gains. If the rally stalls, prices might retrace toward the $1.44 support level before attempting another breakout.
For now, sentiment remains constructive, fueled by rising on-chain activity and a confident retail crowd. The coming days will determine whether Aster’s rebound can turn into a sustained bullish trend—or just a short-term bounce.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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