Aster, a decentralized perpetual exchange, has surged to the top of DeFi protocols by generating over $25 million in fees within 24 hours, vastly outperforming competitors like Hyperliquid. Despite having lower trading volume, Aster’s unique hidden orders feature and recent token launch, backed by YZi Labs and Binance co-founder Changpeng Zhao, have driven its valuation to $15.1 billion. While a recent glitch caused a price spike in its XPL contract, Aster compensated affected users promptly and continues to gain traction in the on-chain derivatives market.
Continue to read Aster Emerges as Top DeFi Fee Earner, Outshining Hyperliquid and Other Perpetual DEXs
Aster, a decentralized perpetual exchange, has surged to the top of DeFi protocols by generating over $25 million in fees within 24 hours, vastly outperforming competitors like Hyperliquid. Despite having lower trading volume, Aster’s unique hidden orders feature and recent token launch, backed by YZi Labs and Binance co-founder Changpeng Zhao, have driven its valuation to $15.1 billion. While a recent glitch caused a price spike in its XPL contract, Aster compensated affected users promptly and continues to gain traction in the on-chain derivatives market.
Continue to read Aster Emerges as Top DeFi Fee Earner, Outshining Hyperliquid and Other Perpetual DEXs
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