Aster
- Analisado
- 17 de out. de 2026
- Motor
- v5.2.0
- Calculado
- 2026-10-17 05:21 UTC
- Hash de entradas
- 57e56698f28d
O Lite desbloqueia Aster por completo. Variação, cenário, sinal, fatores de risco, catalisadores.
Pesquisa, não constitui aconselhamento financeiro. Leia os termos.
Evidências dos pilares
Conjunto de dados 17 de out. de 2026. 5 fontes, 12 citações.Em inglês
Sustentabilidade68
Transparência74
Receita74
Inovação81
Comunidade74
Tokenomics64
Fontes
- 1defillama.com/protocol/asterCitado por Sustentabilidade, Receita, Comunidade
- 2asterdex.com/enCitado por Sustentabilidade, Comunidade
- 3docs.asterdex.com/overview/what-is-asterCitado por Transparência, Inovação, Tokenomics
- 4github.com/asterdexCitado por Transparência, Inovação
- 5tokenterminal.com/explorer/projects/asterCitado por Receita, Tokenomics
Sobre Aster
Análise de 17 de out. de 2026Em inglês Tradução pendente: esta análise é apresentada em inglês.
Aster is a multi-chain decentralized perpetuals exchange built across Aster Chain and BNB Chain. The protocol offers leveraged crypto, foreign exchange, and pre-IPO equity perpetuals alongside yield-bearing margin collateral.
Visão geral completaMostrar menos
As of October 17, 2026, circulating supply stands at 2.71B ASTER (33.9%) against a 7.79B total supply and an 8B maximum supply. CoinGecko records $735M in protocol total value locked.
On June 17, 2026, Aster overhauled its tokenomics to direct 99% of daily platform fees into ASTER buybacks for veASTER stakers while burning an equal token amount from reserves until total supply reaches 3B. On August 11, 2026, the protocol launched AOS-2, introducing a 1M ASTER stake requirement for market listings.
Despite these supply sinks, the 66.1% non-circulating supply overhang and derivatives competition keep risk elevated.
Tese de investimento
Aster targets active derivatives traders with hidden order books, yield-bearing liquid staking collateral, and aggressive fee-buyback tokenomics. Its product suite expanded in 2026 through USD1-denominated perpetual markets in partnership with WLFI, pre-IPO equity perpetuals such as ANTHROPIC, and the August 2026 AOS-2 upgrade requiring a 1M ASTER listing stake.
Tese completaMostrar menos
The June 17, 2026 tokenomics redesign links platform usage directly to token holders by routing 99% of daily fees to market buybacks for veASTER stakers and matching those purchases with reserve burns toward a 3B total supply floor. Total supply has contracted from 7.82B to 7.79B ASTER by October 17, 2026, alongside $735M in total value locked.
However, only 33.9% of the 8B maximum cap circulates, leaving a steep dilution penalty. Combined with historical questions over wash-trading volume quality and competition from Hyperliquid, the profile warrants a HOLD posture.
Pontos fortes
- Aggressive buyback design. The June 17, 2026 upgrade directs 99% of daily platform fees to ASTER buybacks and matches them with reserve burns.
- AOS-2 listing sink. Launching on August 11, 2026, AOS-2 requires a 1M ASTER stake for new market listings, locking circulating tokens.
- Substantial collateral base. Protocol total value locked stands at $735M on October 17, 2026 across BNB Chain and multi-chain vaults.
- veASTER staking alignment. Locking ASTER for veASTER grants daily buyback rewards, governance voting power, and trading fee rebates.
- Differentiated market catalog. Hidden orders, USD1 perpetual pairs with WLFI, and pre-IPO equity perpetuals attract specialized derivatives flow.
Riscos
- Heavy supply overhang. Only 2.71B ASTER (33.9%) of the 8B maximum supply circulates as of October 17, 2026, creating ongoing unlock pressure.
- Fee durability questions. Prior wash-trading allegations mean buyback sustainability depends on proving organic taker fees relative to open interest.
- High-multiplier tail risk. Offering up to 1001x margin multipliers exposes vault liquidity and traders to severe liquidation cascades during volatility.
- Intense perp DEX rivalry. Hyperliquid and RWA derivatives entrants such as Ondo perps compete directly for institutional and retail traders.
- Historical price drawdown. ASTER remains well below its September 2025 peak of $2.41 after the June 2026 tokenomics rally faded.
Posição competitiva
Aster competes in the decentralized perpetuals sector against Hyperliquid, dYdX, GMX, Lighter, and Ondo perpetuals. With $735M in total value locked as of October 17, 2026, Aster differentiates through yield-bearing margin collateral, hidden order execution, pre-IPO equity contracts, and its June 2026 99% fee buyback and matching reserve burn.
Posição completaMostrar menos
The August 2026 AOS-2 upgrade adds a 1M ASTER listing stake requirement. Even so, Aster trails Hyperliquid in organic open interest depth and carries a 66.1% non-circulating supply overhang that requires sustained fee burns to absorb.
Conclusão
Aster combines $735M in total value locked with the June 2026 99% daily fee buyback and reserve burn model plus the August 2026 AOS-2 1M ASTER listing stake. Those tokenomic sinks lowered total supply to 7.79B ASTER by October 17, 2026.
Conclusão completaMostrar menos
However, with only 2.71B ASTER (33.9%) of the 8B maximum supply circulating, dilution risk, high-multiplier liquidation exposure, and derivatives competition remain substantial. A HOLD posture is appropriate until organic fee burns prove durable across market cycles.