A crypto investor who bought $226,000 worth of APX in 2022 now holds over $7 million, having accumulated 3.62 million tokens when the price was below $0.07, now valued at around $1.95 each.

The value of APX tokens surged dramatically following a major migration to ASTER, a rebranded decentralized exchange that combines order-book trading with on-chain perpetual contracts, announced on September 17, 2025.

This rally was supported by favorable macroeconomic conditions, including a Federal Reserve interest rate cut, which created a risk-on environment boosting Bitcoin, altcoins, and APX.

Trading volume on the platform skyrocketed to $434 million in 24 hours, making it one of the most active DeFi derivatives platforms, although it still trails behind Hyperliquid.

Early investors who purchased APX tokens at less than $0.07 in 2022 saw their investment grow to approximately $1.95 per token, an 8,000% profit.

The token swap window opened on Wednesday, with early participants receiving better rates, and the swap ratio decreased over time to encourage prompt action.

Early holders, such as the wallet 0x9d22, benefited from a no-fee token swap to ASTER, with data indicating consistent accumulation during 2022, even during the bear market.

Binance founder Changpeng Zhao publicly supported ASTER, boosting trader confidence and increasing daily trading volumes to tens of millions of dollars, fueling the token’s rally.

APX DAO stakers can now unlock and swap their tokens penalty-free following the completion of DAO rewards last week, adding liquidity options for holders.

Launched in 2021, APX Finance attracted both institutional and retail investors with its hybrid DEX model offering flexible trading options and a user-friendly interface.

Aster protocol's total value locked (TVL) briefly surpassed $2 billion after its token launch but then fell to $545 million, indicating high volatility.

APX surged over 120% in the past 24 hours, reaching an all-time high of $1.98, with a market cap of $827 million and daily trading volume of $79 million.

Post-migration, APX’s market capitalization exceeded $1.7 billion, outperforming Bitcoin’s monthly growth, with projections suggesting the price could stabilize above $1.12 and plans for cross-chain expansion to Ethereum and Solana.