The crypto community is actively discussing the possible connection of Binance founder Changpeng Zhao (CZ) with the launch of the decentralized exchange Aster in the BNB Chain ecosystem. Speculation began after CZ's post on X, where he congratulated Aster on the launch of its token, raising suspicions about his role in the project. Users suggest that Aster is a strategic response to the success of the competing platform Hyperliquid, whose TVL reached $671 million.
Analyst Tulip King noted that Aster launched the USDF stablecoin, similar to Ethena, which is supported by YZi Labs, where CZ acts as a mentor. YZi Labs also invested in Aster in 2024, confirming the connection with the Binance ecosystem. However, a representative of BNB Chain clarified that Zhao's direct involvement is not confirmed, as he is subject to a lifetime ban from executive positions after the deal with US authorities in 2024.
Aster surpassed Hyperliquid in TVL ($674 million versus $671 million), but lags behind in trading volume ($429 million versus $814 million). The token $ASTER reached a market capitalization of $1 billion. Speculations continue to fuel interest in the project. Stay tuned for updates to learn more!
#CryptoNews #Binance #astercoin #CZ #DeFi #Blockchain
**Subscribe to #MiningUpdates to stay informed!*
