Aster’s TVL briefly hits $2 billion before dropping to $545 million, then rebounding to $655 million, with $434 million in 24-hour volume. Hyperliquid remains ahead with $670 million TVL and $15 billion open interest compared to Aster’s $3.72 million. Source: DefiLlama.

Speculation arises about Binance founder CZ’s involvement in Aster after congratulatory tweets. CZ is banned from managing Binance due to a lifetime ban imposed by US authorities in 2024. Despite rumors, CZ describes himself as a community member and BNB holder. Source: CZ.

Aster is linked to Binance through Binance Labs, now rebranded as YZi Labs, with Zhao coaching and mentoring startup companies. YZi Labs previously invested in Aster’s predecessor, Astherus, with support from BNB Chain and YZi Labs. Aster aims to be the top perpetual DEX on BNB Chain. Source: BNB Chain.

Community members criticize Aster, claiming lost funds and platform malfunctions. Binance, CoinMarketCap, Aster, and YZi Labs did not respond to requests for comment. Despite challenges, Aster aims to enhance BNB Chain’s ecosystem with support from BNB Chain. Source: Cointelegraph.

Read more at Cointelegraph: Aster Doubles TVL on BNB Chain Amid Speculation of CZ’s Involvement