Why is APX Going Up? Correlation with Aster

The crypto market is buzzing as APX Finance’s native token, APX, skyrocketed in value, posting gains of over 70 percent in just 24 hours. The surge coincides with the highly anticipated conversion of APX into Aster ($ASTER), the new governance token following the merger of Astherus and APX Finance.

With trading volume spiking and investor sentiment running high, the question is clear: why is APX going up, and what role does Aster play in this rally?

Read Also: Aster (AST) Airdrop? Guide to Participate

Key Takeaways

• APX surged as investors anticipate its 1:1 conversion into Aster ($ASTER).
• Aster is the rebranded identity combining Astherus’ yield products with APX Finance’s perpetual exchange infrastructure.
• APX DAO rewards ended on September 11, and veNFT holders can unlock and redeem for $ASTER starting September 16.
• The excitement over Aster’s launch and roadmap has positioned APX as one of the most bullish tokens this week.

The Surge in APX Price

The chart shows APX soaring to $0.388 after months of flat trading. Trading volume hit $175 million, a massive increase from its historical average. Technical indicators underline the frenzy:

• RSI (Relative Strength Index): At 91, APX is deep into overbought territory, highlighting the strength of bullish momentum but also signaling potential short-term pullbacks.
• MACD (Moving Average Convergence Divergence): The indicator shows a strong upward crossover, reflecting a clear bullish trend.

The surge is not random—it is directly tied to the ongoing APX to Aster token swap.

The APX to Aster Conversion

APX Finance announced that all APX holders can swap their tokens for Aster ($ASTER) at a 1:1 ratio. Importantly:

• APX Spot Holders: Can exchange tokens immediately.
• APX DAO Holders: Rewards ended on September 11. veNFTs can be unlocked penalty-free on September 16 and then redeemed for Aster.
• No Restrictions: There are no limits on how much APX can be exchanged in each cycle, encouraging holders to swap as early as possible.

This has created strong demand for APX, as investors see it as a discounted way to gain exposure to Aster ahead of its wider adoption.

Read Also: Bitrue’s RWA Deposit Campaign: Here is How You Can Earn Free Rewards

Why Aster Matters

The bullish case for APX lies in Aster’s vision. Aster is designed to be a next-generation decentralized perpetual exchange (Perp DEX), combining:

• Pro Mode trading with order books, deep liquidity, and low fees.
• 1001x Mode offering MEV-resistant, one-click perpetual contracts.
• Yield Products such as asBNB (BNB liquid staking derivative) and USDF (yield-bearing stablecoin).
• Future Roadmap including a dedicated Layer 1 blockchain, zero-knowledge proofs, and intent-based execution.

By merging Astherus’ DeFi products with APX’s derivatives expertise, Aster has the potential to become a dominant player in the decentralized trading landscape.

Market Sentiment and Exchange Listings

The hype around Aster has extended to crypto communities and exchanges. FameEX Global, for instance, hinted at listing either APX or Aster after observing APX as the day’s top gainer. Social media engagement and speculation have further amplified buying pressure.

This kind of early-stage attention from exchanges signals strong retail interest and could provide additional liquidity for Aster once the token swap stabilizes.

Read Also: Paramount Adds AI Execs to Its Board of Directors, AI Movies Soon?

What Traders Should Watch

While APX’s rally is linked to Aster’s momentum, investors should remain cautious:

• Overbought conditions suggest potential volatility.
• Token swap cycles may create sell-offs as holders secure Aster and take profits.
• Long-term value will depend on Aster delivering on its roadmap, not just short-term hype.

Still, for speculative traders, APX has become one of the hottest tokens in September, riding on Aster’s narrative.

Final Thoughts

APX’s explosive rise is directly tied to its conversion into Aster, a newly branded decentralized perpetual exchange that aims to redefine on-chain trading. The token swap has created immediate demand for APX, making it one of the most bullish assets this week.

Going forward, Aster’s success will depend on its ability to execute on its roadmap and attract sustained liquidity. For now, the APX rally is a clear example of how new token launches and rebranding efforts can spark massive market interest.

Read Also: Aster (AST) Crypto Review

FAQ

Why is APX going up?

APX is rising because holders can swap it 1:1 for Aster ($ASTER), the new governance token of the merged Astherus and APX Finance ecosystem.

When can APX DAO holders redeem for Aster?

APX DAO rewards ended on September 11. veNFT holders can unlock on September 16 and then exchange for Aster.

What is the APX to Aster swap ratio?

The ratio is 1:1, meaning every APX converts to one Aster.

Is Aster different from APX?

Yes. Aster is the unified brand combining APX’s perpetual trading infrastructure and Astherus’ yield products into one ecosystem.

Will exchanges list Aster soon?

Some exchanges, like FameEX, have already teased potential listings, reflecting strong market interest in Aster’s launch.