- Aster traded near $0.67, maintaining support above $0.66 as it rolled out $USD1-denominated perpetual markets in collaboration with $WLFI, strengthening its derivatives offering.
- The new $USD1 pairs introduce zero maker fees, lower taker costs, and reward programs, while also allowing traders to use $USD1 as collateral similar to major stablecoins.
- Continued expansion through new listings and incentive programs reflects Aster’s push to build deeper liquidity ahead of its upcoming Aster Chain mainnet launch.
Aster’s native crypto ($ASTER) continued to edge higher over the past 24 hours, with the token trading near $0.6713 after seeing a gain of 1.73%. The move comes at a time when global market sentiment remains cautious, with the fear index still hovering in a subdued range. Apart from this, Aster has managed to hold its ground, and is supported by strategic developments within its trading ecosystem.
Price action is now approaching a key zone. The $0.66 level has emerged as immediate support, and resistance sits between $0.69 and $0.70. A sustained hold above support could allow the crypto to test higher levels again. On the downside, a break below $0.65 may open the path toward the $0.62 region, where buyers previously stepped in.
Aster Maintains Its Rally
The recent momentum comes closely on the heels of a strategic expansion announced by Aster in collaboration with World Liberty Financial. The partnership introduces $USD1-denominated perpetual contracts, after it marked a significant addition to the platform’s trading infrastructure.
Perpetual contracts remain one of the most active segments in crypto derivatives. Aster plans to grow $USD1-based pairs to own a much larger part of this volume. Bitcoin, Ethereum, and Solana among the core assets are to be included in the new launch, with the addition of more in the weeks ahead. The integration also makes $USD1 a key collateral asset. Traders can now use it similar to the pre-existing stablecoins today, all with similar collateral ratios. The change means users have less dependency on one stablecoin and more freedom for the users who manage leveraged positions.
Aster is also thinking of building its own Layer 1 network, and deep liquidity will be an important part of that transition. The platform uses $USD1 as an early stage trading fuel to build momentum for its chain and provide strong support for any future activity.
Liquidity depth would determine how well the network scales, said Leonard, CEO of Aster. He said adding $USD1 now to the stack creates the base layer for trading activity coming up before the mainnet launch. Zero-basis-point maker fees on $USD1 pairs have just been added to boost participation. The aim, Zak Folkman, a co-founder of Aster, said, is to keep $USD1 on an equal footing with popular stablecoins. The use of matching collateral ratios and similar trading capability lets users simply take $USD1 on without modifying their strategies.
In addition to new markets, Aster has rolled out a set of incentives aimed at attracting early users. The platform plans to distribute up to 2.5 million $WLFI tokens each month through trading reward programs linked to $USD1 perpetual activity. These rewards will be allocated based on trading volume and participation levels, with distributions taking place weekly.
Alongside the $USD1 expansion, Aster has continued to add new trading products. The platform recently listed a perpetual contract for Ontology Network’s $ONT token, and offers leverage of up to 75x. The listing coincided with a sharp price increase in $ONT, which saw gains exceeding 80% during the same period.
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