BNB Chain Perp DEX Volume Hits Record $67B as Aster Goes Viral – BNB to $2,000?
BNB Chain Perpetual DEX market hit a document $67 billion in buying and selling quantity on September 24, marking the best ever for the second consecutive day.
Dune Analytics shows that the surge was pushed by viral newcomer Aster DEX, plus Lighter and Hyperliquid, every hitting over $10 billion in each day quantity.
Beyond these leaders, different Perp DEXs, together with EdgeX and Paradex, additionally crossed the $1 billion mark.
With momentum constructing on the BNB Chain, merchants are actually asking whether or not this breakout might gasoline BNB’s run towards the $2,000 mark.
Data exhibits that out of the $67 billion document quantity, BSC captured $33 billion (48%), with Hyperliquid at $10.8 billion, ZKLighter at $10.5 billion, EdgeX at $5.8 billion, and Solana at $1.6 billion.
BNB Chain led all blockchains with an 80.22% quantity surge over 7 days, whereas Ethereum, Solana, and Base cut up the remaining 20%.
The surge follows ASTER’s explosive 2,200% rally from $0.06 to $2.3 in a single week, making it the second-largest protocol with over $13M daily fees, surpassing Circle, Uniswap, Jupiter, and Hyperliquid.
Although this progress to seize a big portion of the DEX market share has been broadly applauded by large gamers within the crypto area, there are considerations over attainable wash buying and selling behind the spike.
Wash trading includes shopping for and promoting belongings to manipulate costs, both to revenue from leverage positions or liquidate others’ contracts.
For instance, a dealer with $100M of BNB might open a 50x quick, dump tokens on Binance to crash the value, shut the quick at a revenue, then purchase again BNB at a reduction.
Many critics, significantly Hyperliquid loyalists, have accused ex-Binance founder CZ of pumping the ASTER token to enhance buying and selling actions on the BNB Chain.
CZ shared an ASTER chart about 6 days in the past when it was buying and selling at $0.17, and since then, the DEX token has gone up over 1,000%, whereas Hyperliquid’s HYPE token has misplaced over 24%, which has led many to accuse the BNB maxi of wash buying and selling.
One critic additionally identified that Aster’s perp volume to TVL ratio is round 19, which signifies a particularly aggressive quantity of wash buying and selling.
He asserts that merchants are solely utilizing ASTER DEX for incentive farming, and if rewards drop, exercise might collapse, making a demise spiral that hurts each the token and BNB Chain quantity.
Another crypto dealer and angel investor, Cyclop, shared that $ASTER and the BNB DEX quantity are being backed by wide-range market manipulation.
He revealed that 96% of the token provide is managed by 6 wallets (in all probability one entity, which many have accused of being Binance).
However, many analysts have pointed to the relentless power of the BNB token as a catalyst for continued DEX dominance on BNB Chain.
Franklin Templeton’s $1.6T RWA Bet Fuels BNB $2,000 Target
The BNB token not too long ago reached an all-time high of $1,080, and 75-year-old Wall Street big Franklin Templeton, with $1.6 trillion beneath administration, simply deployed on the $BNB Chain to carry cash market funds and RWAs immediately on-chain.
Analysts are actually seeing BNB gunning for a brand new high towards the $2,000 mark.
On the technical entrance, the 4-hour BNB/USDT chart exhibits worth consolidating just below the $1,000 degree after a robust rally, with Fibonacci extensions pointing to potential upside targets between $1,100 and $1,300 if momentum resumes.
The MACD is flattening after a bullish cross, whereas the RSI has pulled again from overbought ranges and is stabilizing, suggesting room for an additional leg greater if consumers step in.
The fast assist rests round $960–$980, and holding this zone retains the bullish construction intact.
A clear bounce from right here might push BNB towards $1,080 and ultimately $1,160, whereas a breakdown under $950 would expose deeper retracements towards $862.
Overall, the symptoms favor short-term consolidation earlier than a possible continuation to the upside.
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