Aster Rockets to Unprecedented Highs as USDF Quadruples in Just 7 Days

Aster's parabolic surge defies market gravity while USDF delivers staggering 400% weekly gains.

THE BULL RUN ACCELERATES

Aster continues shattering expectations with its relentless upward trajectory. The asset's momentum shows no signs of slowing as it carves fresh all-time highs almost daily.

USDF'S EXPLOSIVE WEEK

Meanwhile, USDF executes a stunning fourfold expansion in market presence. The stablecoin's rapid adoption signals growing institutional confidence in decentralized finance infrastructure.

Traders watch in awe as both assets demonstrate what happens when utility meets market timing—proving once again that in crypto, a week can contain more action than traditional finance sees in a quarter. Wall Street analysts remain busy downgrading their 'overvalued' calls from yesterday's prices.

Stablecoin growth and L1

Aster has also expanded the supply of its USDF stablecoin, issued with custody support from Ceffu.

Messari data shows the supply grew 4x in size to 262 million tokens over the past week, and if the pace holds, the figure could reach $1 billion soon.

Meanwhile, the platform’s daily revenue surged to $9 million on Sept. 24, ranking it ahead of Circle and second only to Tether.

In a recent interview, Aster CEO Leonard said Aster is running internal tests for a proprietary LAYER 1 blockchain, moving beyond its initial structure that relied on multiple networks.

The developments come amid an industry-wide boom in perpetual futures trading. In August, on-chain derivatives volume totaled $765 billion, surpassing the entire market throughput recorded in 2023.