Perpetual DEX platform Aster, backed by YZi Labs, has finally revealed its main network Aster Chain. The new chain will adopt zero-knowledge proofs and stealth addresses in an effort to curb “position hunting,” common on transparent public chains and platforms like Hyperliquid.
Initially, the DEX debuted on BNB Chain via a bridge, then expanded to Ethereum (ETH), Solana (SOL), and Arbitrum (ARB) as a multi-chain dApp. Although it will continue to support exchanges across these chains, it will move to a sovereign layer 1 ecosystem.
This move aims to ensure privacy and other optimal features for high-frequency traders while maintaining a CEX-like user experience.
Aster’s market share falls
Although the DEX became an instant hit after its launch last September, the popularity of the DEX has declined significantly in 2026.
During its peak activity in October 2025, it processed nearly $74 billion in weekly trading volume. But its trading activity fell to less than $10 billion by mid-March 2026, following the broader rout of cryptocurrencies in recent months.
Its overall market share in volume of transactions between individuals denied halved, from 40% to 20%, over the same period.
Interestingly, Aster’s wild FOMO after launch reduced Hyperliquid’s (HYPE) market share. Hyperliquid held dominance of over 60% before Aster went live. Subsequently, its dominance fell to 27%, but only began to regain it after unveiling commercial support for oilgold, silver and other commodities via HIP-3.
At the time of writing, Hyperliquide has regained most of its trading volume, while Aster’s sharp decline has not abated.
ASTER price reaction
Similarly, its native token ASTER fell 86% after a free fall from $3 to a low of $0.4. However, the broader market rebound in early February boosted the altcoin’s rally by 80%.
But the mainnet debut didn’t help the bulls much. After the update, ASTER quickly rebounded by almost 10%, reaching $0.790, but had erased most of the gains at the time of writing.
When zooming out, the altcoin was still stuck in its tight February price range of $0.70 and $0.80. The sideways structure could expand if there is no significant catalyst for a broader market rally.
However, if the $0.80 price level were to move into support, then it might be possible to retest $0.950. It is unclear whether the planned staking functionality will result in demand for ASTER.
Final summary
- Aster unveiled its Aster Chain mainnet to double down on privacy and trading efficiency.
- Nonetheless, DEX traction remains in a downtrend while ASTER price remained stuck in a tight range.
