ASTER Claims Top DEX Ranking with $12B Volume Amid Bullish Breakout

The ASTER token has surged over 12% in the past 24 hours, propelling its decentralized perpetuals exchange (DEX) to the number one spot globally with a daily trading volume of $12 billion, according to DeFiLlama data. Despite this, the token's price remains 53% below its previous all-time high, trading at $1.06 after a brief spike to $1.16.

Key developments include the launch of Phase 4 – Aster Harvest, which will distribute 1.5% of the total ASTER supply evenly over six weekly epochs (0.25% per epoch). Additionally, the DEX has increased its buyback rate to $7,500 per minute to bolster supply control and long-term stability. A major catalyst is Coinbase's addition of ASTER to its listing roadmap, signaling potential institutional inflows and heightened visibility.

Technically, analysts highlight a breakout from a 50-day consolidation phase, with patterns like an ascending triangle and falling wedge indicating bullish momentum. Resistance is noted near $1.16, and a clear move above $1.29 could invalidate bearish structures, with some projecting targets as high as $2.80. Whale accumulation of $53 million in ASTER tokens further supports optimism, though market liquidity and sentiment pose near-term risks.