- Aster captured nearly 50% of the perpetual DEX market.
- The platform recorded approximately $500 billion in trading volume and over $1 billion in TVL.
- Aster’s success is driven by community-first token distribution and CEX-style features.
Aster, a new decentralized exchange, launched this week and captured nearly 50% of the perpetual DEX market.
According to YT Jia, Co-CEO of Faraday Future, the platform achieved approximately $500 billion in trading volume and surpassed $1 billion in total value locked. The project’s mix of CEX-like features and a community-driven token model drove adoption.
CEX-Like Features Drive Adoption
Listing the reasons for widespread adoption, Jia indicated that Aster offers advanced trading features such as anti-MEV hidden orders, bridgeless multi-chain functionality, and high leverage options.
Related: ASTER Goes Live on Bybit as Exchange Quashes Hack Claims
These tools provide a trading experience similar to centralized exchanges, making the platform more accessible to professional and retail traders.
The platform’s design prioritizes speed, reliability, and user experience. It addresses common issues such as front-running and slow transaction execution that have affected other decentralized exchanges.
Backing and Community Incentives
Jia mentioned that the platform received backing from prominent industry figures, including former Binance Labs professionals. This support added credibility and helped establish trust among investors.
The exchange also benefits from strong community backing. Specifically, Aster allocated more than 50% of its tokens to users, coupled with a strategic incentive system. This model encouraged organic growth and created viral adoption patterns.
Its launch coincided with an increase in perpetual DEX trading activity on the BNB Chain ecosystem. Jia said that timing, combined with effective community engagement, played a crucial role in Aster quickly gaining market share.
Aster’s performance signals a shift in the DEX landscape. Success now hinges more on user experience, community, and trust than on decentralization alone.
Projects like the BestTrade DeAI Agent see Aster’s approach as proof that their strategy works. By adding AI to trading, BestTrade aims to go beyond just improving the interface and give users smarter tools for better decisions.
ASTER Token Rally
Notably, Aster has surged more than 10,000% since its launch on September 17, recently hitting a new all-time high of $2.41. Backed by Yzi Labs, formerly Binance Labs, and publicly endorsed by former Binance CEO Changpeng “CZ” Zhao, the token quickly gained traction.
ASTER is now consolidating around $2.11, after a 6.3% decline in the past day. Crypto analyst Big Cheds noted a hammer candle, signaling a potential bottom that preceded a 70% rally. Analysts believe that as long as the token defends the $2.00 level, the bullish structure remains intact.
Related: Aster Price Prediction: Can ASTER Break Out Of Falling Channel As Zhao’s Backing Fuels Rally?
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