Aster Price Consolidates Below $2.00 as Revenues Surge

Aster’s revenue jumped 1118% in one week, signaling rapid scaling and

In the field of decentralized finance, Aster is rapidly rising, drawing attention from analysts and investors alike. The token started at a low price of $0.08, before rallying to near $2.00 in under 24 hours, surpassing its market cap of $2 billion. Receiving support from Yzi Labs and public endorsement from former Binance CEO, Changpeng Zhao, has rapidly acquired both hype and credibility.

On the charts, a resilient price action is evident following a severe correction. Aster had risen to $1.98 and fell within less than 24 hours before it regained momentum and shot back to around $1.90, which was rapid, indicating a re-established confidence by buyers.

The token consolidated in the $1.60-$1.70 range before moving higher, forming higher lows, while the consistent green candles signaled that bullish momentum remained intact. Price is currently right below the psychological level of $2.00, which may be a breakout point or short-run ceiling.

SOURCE: CoinMarketCap

Moreover, should the asset clear resistance at $2.00 and break in a decisive manner, there is a chance that momentum traders will intervene and position the asset in a breakout stage. On the flip side,  rejection would push it towards the $1.70 support zone before it makes any fresh upward attempt.

Revenue Surge Positions Aster as a Rising DeFi Contender

The fundamentals behind Aster are as striking as the charts. According to DeFiLlama, the protocol registered $2.83 million in daily return on September 23, and annualized estimates were more than $110 million. 

Further, the asset recorded revenue of $5.18 million in the last seven days, with increasing demand in its ecosystem. This boom has allowed Aster to surpass Hyperliquid in the 24-hour revenue, which is a great success for a new site that has just launched.

SOURCE: X

Although Hyperliquid remains the leader in longer time frames, the growth trend of the altcoin is drawing parallels to old players. The returns increased by 1118% a week, an indication of a protocol scaling at a breakneck pace. Together with Bybit and Hyperliquid major listings, along with the support of Zhao, the market mood has shifted to extreme on the bullish side.

SOURCE: X

Adoption, Revenue Growth, and the Road Ahead

Momentum from adoption is also important. The increase in revenue of the project is not only a form of speculation but a real utilization of its decentralized derivatives exchange. Liquidity is widening, trading is on the increase, and society considers the token undervalued as compared to the revenue base. 

Conversely, the inability to support at $1.70 may be followed by more fundamental corrections, with early investors taking profits. As its revenues have been skyrocketing, fundamentals are strong, and the market is paying attention, Aster is poised to become a serious player in the DeFi sector, although traders must not forget about volatility from high growth.