Binance-Backed Altcoin Releases Major Update – Price Volatility Seen

Aster ($ASTER), backed by Binance’s investment arm YZi Labs, has announced the mainnet launch of its Layer 1 blockchain, Aster Chain.

The project is positioned as an infrastructure focused specifically on derivatives trading, and according to the company, it stands out with its technical features that prioritize privacy and high performance.

According to Aster, Aster Chain integrates zero-knowledge verifiable cryptography and “stealth address” mechanisms directly into the execution layer. This ensures that transactions on the network remain verifiable on the chain, while user transaction history and identities are kept private by default. The project describes this approach as a “privacy-by-default” model.

The chart shows the price increase of $ASTER after the update.

The Aster team describes the network as “Layer 1 specifically designed for derivative transactions.” Technical specifications include a 50-millisecond block time, up to 100,000 transactions per second (TPS) capacity, and zero gas fees. Additionally, cross-chain asset deposits via BNB Chain, Arbitrum, Ethereum, and Solana are active with the network’s launch.

*This is not investment advice.