Binance’s CZ Endorsement Fuels Aster DEX Meteoric Rise to $437M TVL
On September 23, 2025, Aster (ASTER) entered price discovery mode with a spectacular 26% surge to an all-time high of 82 cents, dramatically outperforming the broader cryptocurrency market. This parabolic movement follows a significant public endorsement from Binance co-founder Changpeng Zhao (CZ), who specifically commended the Aster decentralized exchange for its remarkable stablecoins growth. The CZ effect has been immediate and powerful, drawing substantial liquidity away from underperforming altcoins and redirecting it toward the Aster ecosystem. The Aster DEX has achieved staggering metrics that underscore its rapid adoption, now commanding $437 million in total value locked (TVL) - a key indicator of ecosystem health and user confidence. Trading volume has surpassed the monumental $519 billion mark across 2 million active users, demonstrating both the scale and frequency of transactions occurring on the platform. This growth trajectory positions Aster as a dominant force in the decentralized finance landscape, particularly in the stablecoin sector that CZ highlighted. What makes Aster's performance particularly noteworthy is its defiance of broader market trends. While many digital assets experienced sideways or negative movement, ASTER's 26% single-day rally to record highs signals strong fundamental support beyond mere speculation. The endorsement from one of cryptocurrency's most influential figures provides validation that resonates across retail and institutional investors alike. The liquidity migration from underperforming altcoins to Aster suggests a market recognition of quality infrastructure and sustainable growth models. The $519 billion trading volume figure is especially significant as it indicates not just user adoption but deep liquidity and market efficiency. For context, this volume surpasses many centralized exchanges and establishes Aster as a serious competitor in the global trading landscape. The platform's ability to attract 2 million users demonstrates user-friendly design and reliable execution - critical factors for mainstream adoption. As decentralized exchanges continue evolving, Aster's focus on stablecoins appears strategically astute, providing the price stability many traders seek while maintaining blockchain's permissionless advantages. This development represents a watershed moment for decentralized exchanges challenging their centralized counterparts. With Binance's co-founder publicly acknowledging Aster's achievements, the industry may be witnessing a shift in how established players view the DEX ecosystem. The convergence of CZ's endorsement, parabolic price action, and substantial fundamental metrics creates a powerful narrative that could drive further adoption throughout the final quarter of 2025.
Aster Price Goes Parabolic as Binance’s CZ Commends DEX for Stablecoins Growth
Aster (ASTER) has surged into price discovery mode, defying broader market trends with a 26% rally to a record 82 cents. The token's momentum follows public endorsement from Binance co-founder Changpeng Zhao, drawing liquidity away from underperforming altcoins.
The Aster DEX now commands $437 million in total value locked, with trading volume surpassing $519 billion across 2 million users. Its position as the second-largest holder of BSC-USDT—$132 million according to Arkham Intelligence—signals deepening institutional traction.
Exchange listings on Binance and Hyperliquid have amplified trading activity, creating a self-reinforcing cycle of demand. While Bitcoin and Ethereum retrace, Aster's ecosystem growth demonstrates how targeted infrastructure development can decouple projects from macro crypto volatility.
BNB Price Holds Near $1K as Analysts Foresee Further Gains
Binance Coin (BNB) consolidates NEAR the $1,000 psychological threshold after breaking out from a multi-year accumulation phase. Analyst Yoddha draws parallels to its 2018–2021 cycle, where prolonged consolidation preceded a parabolic rally.
The token now faces a critical resistance zone between $995–$1,000, with on-chain data revealing strong sell pressure at these levels. However, sustained support above $970 suggests underlying strength.
Market structure appears bullish as BNB enters price discovery mode. Historical patterns indicate that extended basing periods—like the current 1,000-day accumulation—often fuel significant upside momentum when broken.
YZi Labs Expands Stake in Ethena Labs Amid USDe's Rapid Growth
YZi Labs, the venture arm formerly known as Binance Labs, has increased its investment in Ethena Labs, the protocol behind USDe—the third-largest dollar-denominated crypto asset. The move underscores confidence in Ethena's next phase of growth, which includes broader adoption of USDe across centralized exchanges and DeFi platforms, expansion onto BNB Chain, and the development of new products like USDtb, a fiat-backed stablecoin, and Converge, an institutional settlement layer.
Ethena's delta-neutral hedging model, designed to stabilize USDe while generating sustainable yield without traditional banking reliance, has propelled its synthetic dollar to over $13 billion in supply. USDe reached the $10 billion milestone faster than any other stablecoin, with Ethena's total value locked (TVL) now exceeding $13 billion. The protocol has secured integrations with leading DeFi applications and centralized exchanges.
The renewed commitment follows Ethena's April 2025 deployment on BNB Chain, where it has introduced money markets and new protocol partnerships. Upcoming products like USDtb aim for regulatory compliance, while Converge, developed with partners including Securitize and BlackRock collaborators, targets real-world asset integration.
BNB Chain’s New Gold Protocol Loses $2 Million in Launch-Day Flash Loan Attack
The New Gold Protocol, a self-described 'DeFi 3.0' staking platform built on BNB Chain, was exploited for nearly $2 million just hours after its September 18 launch. The attacker Leveraged two design flaws to execute a flash loan attack, subsequently funneling the stolen funds through Tornado Cash.
Positioned as an AI-optimized solution for DeFi's pricing volatility and governance inefficiencies, the protocol's whitepaper emphasized sustainability and transparency. Its abrupt breach underscores the existential risks of architectural vulnerabilities in nascent DeFi projects.
Flash loan attacks remain a critical threat to decentralized finance, with historical incidents exceeding $100 million in losses. The New Gold Protocol team has yet to issue a public statement regarding the exploit or recovery plans.
Binance Founder CZ Backs Aster as Token Surges 800% in Debut Week
Changpeng Zhao, founder of Binance, has thrown his weight behind Aster (ASTER), a decentralized derivatives platform emerging as a potential challenger to Hyperliquid. The endorsement came as Aster's wallet amassed $131 million in USDT, positioning it just behind Binance's own holdings.
Aster's token generation event sparked a frenzy, with ASTER skyrocketing over 800% to $0.81593 and achieving a $1.3 billion market cap. The project's rebrand from ApolloX, coupled with support from Zhao-linked YZi Labs, fueled investor enthusiasm. APX, its predecessor token, mirrored the rally with a 600% surge.
CZ’s YZi Labs Amplifies Support for Ethena and USDe Stablecoin Amid Surging Growth
YZi Labs, the investment arm tied to Binance founder Changpeng Zhao, is deepening its commitment to Ethena Labs, the creator of synthetic dollar stablecoin USDe. This strategic MOVE follows Binance's recent integration of USDe across select services, signaling confidence in Ethena's accelerating adoption.
USDe's circulating supply has surpassed $13 billion, with total value locked (TVL) exceeding $14 billion—a meteoric rise that underscores its market traction. YZi Labs, an early backer, now aims to propel further expansion by facilitating USDe's integration into additional centralized and decentralized platforms, including BNB Chain.
The roadmap includes new product launches like USDtb and Converge, alongside aggressive cross-exchange liquidity deployment. "Growth begets growth," observes one market watcher, as Ethena's infrastructure gains institutional tailwinds.
