Aster explained: the seasons keep running after TGE — riding round two of the perp DEX war
September''s ASTER TGE turned into one of the largest distributions of the year. And here is the part people miss: Aster''s point seasons are still running after TGE. This is not a distribute-and-done event; it looks like the same continuous model Hyperliquid uses.
| Item | Detail |
|---|---|
| TGE | Held in September 2025, with a large distribution to point holders |
| Now | Points for the next season are accruing |
| Backing | YZi Labs (formerly Binance Labs) |
| Difficulty | Medium (perp trading) |
What Aster is
It is a perpetuals DEX in the BNB Chain ecosystem. Volume grew sharply around the TGE, and it is now treated as the leading challenger to Hyperliquid. Backing from YZi Labs is a strong tailwind, and it sits as the main perp venue of the BNB ecosystem.
What the first distribution told us
- Point season participants did receive tokens — the points-to-token promise was kept
- Trading volume and consistency were at the centre of the scoring
- A new season started after TGE, so there is clearly still room for latecomers
How to play it from here
The takeaway: run the same "low leverage, small size, keep going" routine on Aster that you run on Hyperliquid.
- Connect a wallet and start trading (fees are light on BNB Chain)
- Register through a referral code for a boost, if one is available — do not leave it on the table
- Keep accruing season points with small trades a few times a week
- Running several perp DEXs in parallel is efficient: Hyperliquid plus Aster is the current standard pair
Risks and caveats
- Liquidation risk never goes away. If you are here for points, stay on low leverage
- The price of the launched token, and the size of the next distribution, are both unknown
- Competition with rivals such as Lighter could change how the incentives are designed
Summary
There is one thing to do. Connect your wallet and get this week''s first trade done on Aster. Round two of the perp DEX war has only just started.
⚠️ This is not investment advice. Perp trading carries the risk of losing your capital.
What happened next: how Stage 3 works
As the official docs stand, Aster's rewards programme is in Stage 3 (Dawn).
- Points (Rh points) are tallied in weekly epochs, Monday 00:00 UTC to Sunday 23:59 UTC
- Scoring is multi-dimensional and covers spot trading as well as perps: trading fees and liquidity contribution, position size and how long it is held, whether you post Aster-native assets such as asBNB or USDF as margin, realised profit and loss, and referrals up to two levels deep
- Team boosts accumulate through Stage 3 and do not reset during it
- The weightings are undisclosed
With the weightings unpublished, no one can honestly claim an optimal strategy. Rather than forcing extra volume, the safe move is to put the trading you would do anyway inside this framework.
Sources
Backed by YZi Labs, a privacy-focused multi-chain perp DEX (ASTER token live)
YZi Labs (Prev. Binance Labs)