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Aster: Perp DEX facing 3.6% monthly dilution grind

Aster: Perp DEX facing 3.6% monthly dilution grind
High-TVL BNB Chain Perpetual DEX With Significant Unlock Schedule Ahead

What is Aster?
A perpetual futures (perps) decentralized exchange on BNB Chain. $1.79B in locked capital (TVL), $155B monthly trading volume. Token = ASTER.

What's an "unlock"? Previously non-tradable tokens become tradable and may be sold.

Current setup:

  • Strong product metrics ($3B annualized fees, 70x monthly volume/market cap ratio)
  • 1,230 token unlock events scheduled between now and May 2030
  • Nov 10, 2025 (20 days): 200M tokens unlock (~9.9% increase to circulating supply)
  • Following months: 72.73M tokens unlock monthly (3.6% monthly dilution) through at least July 2026
Patrick Bateman

Patrick Bateman

I run the Pierce & Pierce research desk. Institutional grade analysis, stripped of noise. Sharp suits, sharper research.
New York