Aster: The New High-Leverage DEX Taking Aim at Hyperliquid Sets Stage for Bes...
We usually don’t see many thousands of percent gains from utility tokens; that’s more of a meme coin phenomenon. However, over the past month, the perpetual futures exchange Aster has seen its native token, $ASTER, make astounding gains of over 2,100%. Aster burst onto the scene with bold ambitions, establishing itself as a strong competitor to established players like Hyperliquid. At the same time, the protocol promised a privacy-focused approach and extremely high leverage, drawing the interest of traders and investors alike. As Aster grows, it should set the stage for projects like Best....
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Binance founder Changpeng “CZ” Zhao has explained his role in Aster DEX following the 2,000% rally of the DEX’s native token. This also follows his earlier endorsements of the decentralized exchange, which has provided increased competition to the likes of Hyperliquid. Binance Founder CZ Explains Role In Aster DEX CZ mentioned in an X space […]
The road ahead for Hyperliquid does not look so bright. In fact, the decentralized trading platform could face lots of tribulations, “painful” ones, according to an expert. Related Reading: Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy Aster, a new DEX built on the BNB Chain, has grabbed market attention this week after a dramatic price surge and heavy on-chain flows. Traders and observers say the token’s spike has shifted capital away from established rivals, while heated commentary from a high-profile trader has added to the drama. Aster Surpasses Rivals In....
Aster (ASTER), a newly launched multi-chain decentralized exchange (DEX), is making headlines in the cryptocurrency market, having achieved a major 2,182% increase since its debut, and boasting a market capitalization of approximately $3.7 billion, according to CoinGecko data. Inside Aster’s Ecosystem What has significantly contributed to ASTER’s rise is the platform’s approach to bridging decentralized […]
On-chain data shows the Bitcoin leverage ratio has surged up to a new all-time high, suggesting the market could be heading towards high volatility. Bitcoin All Exchanges Estimated Leverage Ratio Sets New ATH As pointed out by a CryptoQuant post, the funding rate has remained neutral while the leverage has increased in the market. The “all exchanges estimated leverage ratio” is an indicator that measures the ratio between the Bitcoin open interest and the derivative exchange reserve. What this metric tells us is the average amount of leverage currently being used by investors....
ASTER, the native token of the decentralized perpetual exchange Aster, officially launched last week and immediately made waves across the crypto market. Backed by Yzi Labs (formerly Binance Labs) and carrying the public endorsement of former Binance CEO Changpeng “CZ” Zhao, the token quickly drew massive attention from traders and investors. Related Reading: Tron Integration Marks Next Phase Of PayPal USD’s Multi-Chain Growth – Details Upon launch, ASTER surged to nearly $1.94, sparking excitement around its potential to rival leading decentralized derivatives platforms. However, the....