New Perpetual DEX Protocols Avantis & Aster Surge Amid Market Pullback with B...
DeFi comes and goes, but the latest developments in the sector have surprised even experienced players. The perpetual DEX (decentralized exchange) sector has entered a cooling phase. Total value locked (TVL) declined from an all-time high of about $6.1B on September 13 to roughly $5.1 B by September 22. However, with gains of 600% and 2100%, respectively, two new entrants – Avantis ($AVNT) and Aster ($ASTER) – are quickly gaining traction, resisting the broader downturn with impressive increases in both token price and protocol adoption. Avantis: Rapid but Steady Growth Avantis’s native....
Related News
No one expected $ASTER to surge 2,400% in a month. The native token of the up-and-coming DeFi perpetual futures exchange is experiencing phenomenal growth. But BNB Chain, the base blockchain for $ASTER, wants to double-down on the move, and is making a decisive play to solidify its position in the increasingly aggressive on-chain exchange landscape. […]
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 […]
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....
Aster has been in the spotlight since last week, drawing intense attention as the broader crypto market shifted into a corrective phase. Launched on September 17, the token has staged an extraordinary rally, surging by more than 6,000% in just days—a move that has quickly established it as one of the most talked-about projects in the industry. Traders and investors worldwide have taken notice, with many pointing to Aster’s rapid rise as a reflection of the strong appetite for innovative projects in decentralized finance. Related Reading: Ethereum OI Suffers Its Biggest Cleanup Since Early....
Aster is cooling off after a week of explosive gains, losing more than 35% of its value since hitting an all-time high just days ago. The sharp correction has triggered caution among traders, but it also reflects natural profit-taking after such a rapid surge. Despite the retracement, sentiment in the market remains constructive, with many […]