Trust Wallet, a leading non-custodial wallet in the Binance ecosystem, has partnered with Aster DEX to integrate perpetual trading capabilities directly into its interface. This collaboration will provide access to over 100 trading markets with leverage of up to 100x, allowing users to execute derivatives trades without switching between platforms.
The integration leverages Aster DEX's advanced features, including multi-chain support for networks like Ethereum, BNB Chain, Solana, and Arbitrum, which eliminates cross-chain bridging risks. Other highlights include hidden orders to counter MEV manipulation, yield-bearing collateral options such as asBNB or USDF for capital efficiency, and a competitive fee model with maker fees as low as 0.01% and taker fees around 0.035%.
This move aims to simplify on-chain trading for Trust Wallet's millions of users, reducing friction and enhancing security by maintaining user control over assets. It also positions the wallet to challenge established decentralized derivatives platforms like Hyperliquid, with Aster DEX's volume growing exponentially but still trailing in absolute terms.
Despite the positive outlook, concerns linger over token concentration, as approximately 96% of ASTER tokens are held by just six wallets, raising decentralization and liquidity manipulation risks. The integration is undergoing testing, with a phased rollout planned, including beta access for selected user groups, and potential future expansions in leverage and market offerings.