Aster (ASTER)
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 23 → 26. Problems weighed by who is responsible: concerns that are not fraud −39.6, the subject's own conduct −25, problems around the subject, caused by others −0.6; legitimacy credit long-running +10; no established finding that it defrauded anyone, so it stays out of the red band; fact-check adjustments (−15) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -25 |
| Concerns that are not fraud | -39.6 |
| Problems around it, caused by others | -0.6 |
| Long-running | +10 |
| Sum | 10 |
- No established finding that it defrauded anyone, so it stays out of the red band (26 or above).
Score: 26/100 (kept between 0 and 100)
How scoring works →Summary
Aster (ticker: ASTER) is a multi-chain decentralized perpetuals exchange that emerged from the merger of Astherus, a yield protocol, and APX Finance, a decentralized perpetuals platform, completed in late 2024 and rebranded in March 2025. The project is notable for its association with YZi Labs (the family office of former Binance CEO Changpeng Zhao) and for offering extreme leverage up to 1001x. Aster is unrelated to Astar Network (ASTR), a Polkadot parachain — the similar names have caused public confusion. As of May 2026, ASTER trades near $0.67 with a circulating market cap of approximately $1.7 billion, ranked approximately #54 by market cap. Aster was delisted and then relisted by DeFiLlama in October 2025 following suspected wash trading of its reported $100 billion in perpetuals volume, a controversy that remained unresolved as of the relisting.
Connected Entities
9 entities · 60 linked investigations- Hyperliquid→mentioned with→Arbitrum(65%)
- Hyperliquid→mentioned with→Ethereum(70%)
- Binance→mentioned with→Ethereum(65%)
- Aster (ASTER)→mentioned with→Polkadot(70%)
- Aster (ASTER)→mentioned with→Ethereum(70%)
- Aster (ASTER)→mentioned with→Chainlink(60%)
- Aster (ASTER)→mentioned with→Binance(80%)
- Aster (ASTER)→mentioned with→Arbitrum(60%)
- Aster (ASTER)→mentioned with→Hyperliquid(70%)
- Aster (ASTER)→mentioned with→Solana(60%)
- + 8 more
Connected Through
9 shared actors · 598 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Ethereumorganization
- □Binanceorganization
- □Solanaorganization
- □Arbitrumorganization
Timeline(12 events)
2021
APX Finance (ApolloX Finance) launches on BNB Chain as a decentralized perpetuals platform.
CoinGecko: What Is Aster Crypto2024
Astherus is founded in Hong Kong as a multi-asset liquidity and yield protocol.
RootData: Aster Project IntroductionNovember 2024
YZi Labs (Binance Labs) makes a strategic investment in Astherus.
CoinGecko: What Is Aster CryptoDecember 2024
Astherus and APX Finance announce and complete strategic merger.
ChainCatcher: APX Finance and Astherus merger31 March 2025
Merged entity officially rebrands as Aster and launches unified platform.
AMA Recap: Inside the Aster Rebrand — Medium24 September 2025
ASTER reaches all-time high of $2.42, with FDV briefly exceeding $7 billion.
CCN: From $0.08 to $2.4227 September 2025
CZ publicly clarifies his role as a technical and product advisor only, denying core team participation, during an X Spaces session.
CZ Clarifies Advisory Role — TechStory5 October 2025
DeFiLlama co-founder 0xngmi announces delisting of Aster perpetuals data, citing Binance-mirroring volume patterns and inability to verify data independently. ASTER drops approximately 10%.
The Block: Aster's token drops 10% after DeFiLlama raises wash trading concerns19 October 2025
DeFiLlama relists Aster perpetuals data at Aster's request; 0xngmi states Aster remains 'a black box and we can't verify the numbers.'
CCN: Aster Back on DeFiLlama2 November 2025
CZ purchases 2 million ASTER tokens, triggering approximately a 20% price increase.
CoinDesk: ASTER Zooms 20% as Binance's CZ Purchases 2M Tokens30 March 2026
Aster reduces monthly token unlock rate by approximately 97% — from 78.4 million per month to 1.8–2.25 million per month — transitioning from linear vesting to staking emission model.
Tokenomist: Aster (ASTER) Tokenomics and Vesting ScheduleDecision Log
- slot 455361231 · hash DgzmURwmat9LCrZwe2bS4YpstDSgoc6oMxrMVDDKKDqi
- slot 445607477 · hash GBAr3jkmk8Xgtf4xZQ5DmdiYV8FXBBUp7X79a1Cx5jXK
- slot 419628767 · hash 9VwCYs6JVt3HLo71ywo3Y6VRpBGNFQYNzeLaskqDC7wn
- slot 419499833 · hash 8E1F645U7UcsQXjzpp8z2yo5ztLyDisQUJoiBynXHL51
- slot 419499829 · hash EB2rHksk6TCL3csuSPsKKFWKf4wo2HVxpRMWENSamv8T
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 30 of 31 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/13/2026, 3:32:26 AM
last updated: 10/10/2026, 6:41:54 PM
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