The launch of Aster (Aster), the governance token of a decentralized exchange (DEX) is one of the conversational issues in the digital asset market.
And that’s not often. In just two weeks, Astor was amazed at the performance he showed when he debuted on the market from September 17th.
Since then, its price has gone from $0.08 to $1.55. This represents an increase of about 1,837%.
This performance is explained extensively by Changpeng Zhao (CZ), former CEO of Exchange Binance.
“Well done! Good start! Keep building!” tweeted by CZ. It was the fuel Aster needed to “break” the market.
Minutes after that tweet, published on September 17th, revealed that YZI Labs, formerly known as Binance Labs, had carefully funded the development of Aster, as reported in Cryptootics.
In the latest report, digital asset management company Galaxy Digital highlights this incredible performance I was able to earn more income in the sector and position myself among the protocols. “This is extraordinary considering that most people didn’t know what Aster Dex was last week,” said a Galaxy analyst.
The evidence of this is Aster has generated $16.7 million from daily income over the past 24 hoursand, according to Defilama data, it was only surpassed by USDT issuer Tether.
Meanwhile, the total block value (TVL) for DEX exceeds $2,271 million.
Please note that this indicator represents the total amount of assets deposited in intelligent contracts within the protocol to provide liquidity in DEX, implement loans, or participate in staking, and reflects the size of funds that support the operation of the exchange.
Aster is a native Dex token created in 2024 after the fusion of Astherus and APX Finance. Tokens act as a means of governance, utilities and staking, allowing users to participate in protocol decisions, access exclusive features, and contribute to incentives to enhance platform liquidity.
When combining permanent trading, cash and yield agriculture, Aster offers users multiple ways to interact with DEX to generate yieldtherefore attract your attention within the market.
DEX works on several networks, such as BNB Smart Chain, Ethereum, Solana, and Arbitrum. This allows users to operate with integrated liquidity from different networks and have access to unified transactions without manual bridges or compatibility issues.
Market Opportunities
For Galaxy Digital, the big advantage of the Aster driver is that “they took advantage of one of the great market opportunities.”
The argument in this statement is that they knew how to identify segments that have high growth and profitability. Persistent cryptocurrency contracts (perps).
Currently, the monthly volume of Perps exceeds $1 billion, but most are negotiated through centralized exchanges (CEX) such as Binance, Bybit, and OKX.
What’s interesting is that Aster tries to move a portion of its market to DEX and get the opportunity to offer decentralized, permanent transactions.
Aster’s driver warns that there is a huge market controlled by CEX. That’s why they created proposals that could capture users and liquidity within a decentralized financial ecosystem (defi), there is a possibility of significant and relatively low revenues in construction costs relative to market size.
“High lipids already show infrastructure perps You can climb efficiently and quickly. It’s one of the biggest winners of the cycle. For dex of perps The Galaxy Analyst description offers large revenue possibilities related to construction costs, and new competitors are inevitably displayed.”
Aster’s success shows that the dex of permanent contracts can grow rapidly and generate high incomes. This attracts new competitors and forces projects to distinguish themselves to gain users and liquidity.
“That’s exactly what we see. Lighter, bulk, edge, drift, Pacifica and Zeta employ a variety of implementation approaches and committees. We expect more uncontrolled attacks on high lipids and new participants,” the experts argue.
Aster’s big challenge
Galaxy analysts emphasize that Aster’s success is “very driven by the narrative and speculation about how far CZ E Yzi Labs can go to promote the project.”
The challenge is now the durability of the project. “If the story is new and engaging, it’s easy for your income to peak, but it’s even more difficult to maintain traction,” they say.
In a dialogue with Cryptootics, researchers in the field of analysis and research for Exchange Coinex explained: “Supporting influencers means many of these new projects. That support promotes rapid recruitment by users and acts as a powerful marketing tool,” they added:
This impact helps to save new investors’ knowledge gaps, but also highlights the speed at which project valuations affect market sense.
Exchange Coinex researchers.
The Astor Roadmap provides implementation of zero knowledge tests to enhance privacy and The launch of Aster Chain, its own L1 focused on trading.
With this infrastructure, the project aims to provide personal operations without losing transparency in risk management, and to compete with other specialist L1s such as hyperglycemia.
I have to look If these stories are strong enough to maintain market interest.
