Cross-Check Sources:
● CoinMarketCap (market data)
● Coinglass (derivatives aggregator)
● Dune Analytics / @asterdex (native on-chain)
Aster is a decentralized perpetual exchange built from the merger of Astherus + APX Finance (late 2024). Currently ranked #45 on CoinMarketCap with a market cap of $1.69B. Dune shows $1.20B total platform TVL, $2.05B Open Interest, 14.84M total users since inception, and $4.44T cumulative trading volume. ATH $2.41, current price ~$0.68.
CMC
Price (USD)
$0.6801
+1.08% (24h CMC)
CMC
Market Cap
$1.69B
Rank #45 (CMC)
DUNE
Total Platform TVL
$1.20B
asterdex/aster-overview
OI
Open Interest
$2.05B
Dune vs Coinglass gap: 5.4x
DUNE
All-Time Volume
$4.44T
Platform lifetime
DUNE
Total Users
14.84M
+94,689 new in 24h
COINGLASS
24h Futures Volume
$298M
Spot vol: $52.7M
COINGLASS
24h Liquidations
$219.8K
148 liquidation events
Cross-Source Comparison
| Metric |
Report |
CoinMarketCap |
Coinglass |
Dune |
| Price USD |
$0.6798 |
$0.6801 |
$0.6798 |
— |
| Market Cap |
$1.67B |
$1.69B |
$1.69B |
— |
| Market Cap Rank |
#52 |
#45 |
— |
— |
| Platform TVL |
$618M* |
— |
— |
$1.20B |
| Open Interest |
$530M |
— |
$380M |
$2.05B |
| Total Users |
3.71M |
— |
— |
14.84M |
| All-time Volume |
$1.11T |
— |
— |
$4.44T |
| 24h Volume (spot) |
$150M |
$149M |
$52.7M |
— |
* Report cited only DefiLlama bridge TVL. Dune shows full platform including AsterEarn components.
📋 Open Interest — Cross-Source Divergence
Coinglass (aggregator)
$380.4M
Dune (native protocol)
$2.05B
Why the gap? Coinglass aggregates derivatives OI from listed CEX venues — it captures only the slice of ASTER perps traded where Coinglass has data feeds. Dune queries the Aster L1 protocol directly, so it sees every open perp position across all 45 trading symbols on Aster's native orderbook. The 5.4x gap between them suggests the vast majority of ASTER perp activity lives natively on Aster, not cross-listed on CEX perps.
AsterEarn TVL Breakdown — per Dune
Sum: $277.5M across 5 yield products. Dominated by asBNB and USDF stablecoin.
Dune Platform Usage — 24h / 7d
| Last 24h new users | 94,689 |
| Last 24h traders | 11,508 |
| Last 24h trading volume | $2.19B |
| Last 24h income | $219,505 |
| Last 7d new users | 671,771 |
| Last 7d traders | 32,831 |
| Last 7d trading volume | $13.37B |
| Last 7d income | $1.27M |
| ALP pool total | 11.91M ALP |
| ALP mint addresses | 8,916 |
Price Range (ATL — Current — ATH) — CMC
ATL: $0.0997 (Sep 17, 2025) • ATH: $2.41 (Sep 24, 2025)
Token Supply
Circulating: 2.48B / 8.0B (30.98%)
Total: 7.82B / 8.0B (97.8%)
Max: 8.0B
DILUTION RISK
69% still to unlock
Price Change Horizons — CMC (1h to 1y)
Corrections Applied
-
Market cap rank market_data.market_cap_rank
CMC
#52 → #45
CMC currently ranks ASTER at position 45, not 52. Report rank is outdated.
-
Primary TVL protocol_metrics.primary_tvl_usd
Dune
$618.3M → $1.20B
Dune's platform-wide TVL is $1.20B vs report's DefiLlama bridge-only TVL. 95% understatement because report captured only bridge component, ignoring AsterEarn ($277M) and other platform TVL.
-
Open Interest protocol_metrics.open_interest_usd
Dune
$530M → $2.05B
Dune (native protocol OI) reports 286% higher than reported figure. Report may have referenced a Coinglass-like aggregator view. Dune is authoritative for Aster-native OI.
-
Total users protocol_metrics.active_users
Dune
3.71M → 14.84M
Dune reports 14.84M total users vs 3.71M reported. 300% understatement.
-
All-time trading volume protocol_metrics.total_trading_volume
Dune
$1.11T → $4.44T
Dune reports $4.44T total platform trading volume (all-time), not $1.11T. 4x discrepancy suggests report captured partial volume snapshot.
Key Observations
Platform scale
Dune confirms 14.84M users, $4.44T cumulative volume, $2.05B OI across the platform.
Contract status
Contract 0x000ae314...f556a on BscScan — unverified source code.
Supply distribution
FDV $5.32B / MCAP $1.69B (3.18x). 30.98% of max supply circulating.
Data reconciliation
Dune (native on-chain) shows larger figures than the research agent's DefiLlama + site scrape — Dune covers full protocol scope.
Data Sources (this report)
Research/Fact-Check
CoinGecko, DefiLlama, BscScan, asterdex.com