Aster Surpasses USDT in 24-Hour Fee Generation

Aster ($ASTER) surpassed USDT in generating 24‑hour fees, achieving $28.7 million and becoming a top stablecoin revenue generator. This surge is linked to Leonard's plans for a Layer‑1 blockchain and significant whale investments.

Aster generated $28.7 million in 24‑hour fees on September 24, 2025, surpassing USDT and becoming the second‑largest revenue generator in the stablecoin market.

This event signals a notable shift in stablecoin competition, with immediate reactions from traders and markets, highlighting liquidity and notable capital rotations.

Aster's surpassing of USDT in 24‑hour fees marks a significant market event. The milestone is a result of strategy and announcements by Leonard, CEO of Aster, including plans for a new blockchain and a Binance listing. Whale activity played a crucial role, with over $75 million in capital moving into Aster's assets, significantly impacting daily transactions and liquidity. The centralization risk is considerable, given that 96 % of Aster's supply is held by six wallets, a fact highlighted by crypto traders. Cyclop, a crypto trader, remarked:

ASTER is the biggest market manipulation I’ve seen in a while, saying the setup lets a small group decide where the price goes.

Market shifts reflect changes in sentiment towards stablecoin investments, with notable effects on assets like ETH and BTC as trading volumes realign. The financial implications include a potential Binance listing and aggressive liquidity initiatives, promising sustained impact on the stablecoin landscape. Such events highlight regulatory and technological shifts, focusing attention on stablecoin market control and centralization. Leonard's strategic initiatives connect with historical patterns of liquidity manipulation in crypto markets, as he stated:

We are excited to announce a proprietary Layer 1 blockchain, a potential Binance listing, and a buyback program.