Aster is one of the most talked-about crypto projects of fall 2025. There are plenty of reasons for the hype—the platform is backed by the team of the largest crypto exchange, Binance, and in a short time the trading venue has become a leader by revenue. But there are also “gotchas” to keep in mind.
Here’s what Aster’s October 2025 outlook looks like, how the project enters the second month of fall, and what risks investors may face.
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What’s Happening With Aster Right Now
According to DeFiLlama, the platform’s TVL has surpassed $2.26 billion—an all-time high. Derivatives volumes and fees are propelling Aster among the top DeFi projects.
Aster TVL. Source: defillama
Key metrics:
- DEX volume (30d): $5.31B.
- Perpetuals trading volume (30d): $247.6B.
- Open interest: $1.54T.
- Market capitalization: $3.24B.
- Fully diluted valuation (FDV): $15.6B.
- Daily trading volume of the ASTER token: $958.8M.
- Token price: $1.95.
At the same time, staking volume remains relatively modest—around $24.3M (0.75% of market cap).
The crypto community paid special attention to Aster taking first place by fees generated. The 24-hour figure stood at $28.7M. For comparison, the most capitalized stablecoin, Tether, posted $22.2M. Hyperliquid—Aster’s main competitor—ranks 5th by this metric. At the same time, by protocol revenue paid to token holders, Hyperliquid remains in first place.
Fees generated by crypto projects. Source: defillama
Unfortunately, Aster has issues you should be aware of.
Allegations of Wash Trading
Amid rising volumes, independent analysts began to detect signs of wash trading on Aster. Researcher dethective analyzed the largest pairs (BTC, ETH, BNB, ASTER, SOL), which account for 98% of volume. The results showed:
- Daily turnover on September 27 was about $42B.
- Roughly 6% of that (about $2.5B) can be attributed to wash trading.
- The highest concentration of wash trading was in the BTC pair.
According to the analyst, the situation was “not as bad as expected.” A significant share of the anomalous activity is likely tied to airdrop farmers, but the involvement of the exchange or bots in maintaining liquidity cannot be ruled out.
Even though the analyst’s verdict was less alarming, the mere presence of wash-trading activity on Aster should give investors pause.
Binance Pressure
There’s another issue. Members of the crypto community pointed out that Binance—the very reason the hype around Aster flared up—has started selling the platform’s tokens. The dump scared many investors. Binance has repeatedly been accused of market manipulation. The trading venue operates through market makers, and with their help it can artificially push crypto prices down. It’s possible the exchange could stage new dumps of Aster in the future.
Aster Forecast for October 2025
Trading in Aster started on September 19. The cryptocurrency set its high on September 24, 2025 at $2.42. At the time of writing, it is trading 22% lower. As we wrote earlier, many blame Binance for this.
Aster chart. Source: TradingView
It’s important to note that Aster managed to set a new high despite the overall market downtrend. Recall that on September 17 the Fed lowered its key interest rate as expected. Although such changes can support crypto growth, the market fell; the likely reason is that the cut had already been priced in. Expectations of a continued Fed easing cycle didn’t help either.
A new growth driver may appear soon. On September 24, 2025, the project’s CEO announced plans to launch its own blockchain. Tests are already underway, he said. Launching the chain could become a new source of revenue generation and increase demand for the Aster token.
Despite strong interest in the project, expectations of further rate cuts, and the imminent launch of its own blockchain, it’s important to consider prospects for the market’s flagship—Bitcoin. Aster does not yet have enough independence to move against the market for long, as it did in September.
Let’s consider investor expectations. Many expect the team to buy back tokens. In the view of crypto traders, high fee income will allow Aster to organize a buyback. In that case, the token would get another driver for growth.
Crypto traders also note interest in the cryptocurrency from large investors. For example, the popular blogger MrBeast has been increasing his holdings in the coin. Such behavior by big investors indicates their belief in continued price growth.
Many see on the chart a pattern that could herald the end of the correction. Optimists explain their conviction by the fact that the project is supported by Binance and the exchange’s founder, Changpeng Zhao. No recorded dumps scare them. By the way, the businessman himself believes that Binance is the only significant competitor to Aster.
Conclusions: Aster Forecast for October
Aster has become one of the standout projects of fall 2025: record TVL, leadership by fees, and plans to launch its own blockchain all fuel strong interest in the token. However, investors should factor in the risks—signs of wash trading are being recorded, and Binance’s selling raised concerns about potential dumps.
The main potential driver over the coming weeks is a buyback. In theory, the platform’s high income allows the team to begin repurchasing tokens from the market. If this scenario plays out, sell-side pressure may ease and the ASTER price would get an extra boost. Under this scenario, the coin could set a new all-time high in October.
If Binance continues to dump the coin, Aster will most likely move with the broader market trend. Given the project’s state heading into the end of September, growth in October still looks like the most likely scenario.
A reminder: earlier the Quickex editorial team published a detailed Aster review. The article explains how to register on the exchange and get started.