Aster Surges Ahead in Perpetual DEX Market with $415 Billion in Volume
In a significant development, Aster, a BNB Chain-based app, has surged ahead in the perpetual decentralized exchange (DEX) market. In the last week of September, Aster recorded an impressive $415 billion in perpetual volume, far surpassing Hyperliquid's $70 billion. This remarkable feat comes as perpetual DEXes collectively witnessed a historic month.
September has been a record-breaking month for perpetual DEXes. They clocked an unprecedented $1.14 trillion in trading volume, marking a 50% increase from the previous month. Leading this surge were Hyperliquid and Aster, who have established themselves as the front-runners in the sector.
Backed by YZi Labs, formerly known as Binance Labs, Aster's rise has been bolstered by strong financial support. While there's no official word on listing the ASTER token for spot trading on Binance, its price is actively tracked and updated in real-time on the platform, suggesting some level of integration.
Aster's impressive performance, coupled with the overall growth in perpetual DEX trading volume, signals a maturing and vibrant market. With robust backing and potential integration with Binance, Aster's future in the perpetual DEX sector looks promising.
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