ASTER has achieved a groundbreaking milestone in decentralized finance, reporting a daily perpetual DEX trading volume of over $42 billion, solidifying its leadership in the DeFi space. This surge positions ASTER ahead of competitors like dYdX and GMX, indicating a paradigm shift in decentralized trading.
The record volume has generated approximately $15 million in daily protocol fees, reflecting high user activity and institutional interest. Despite market maker Wintermute transferring $4.8 million worth of ASTER tokens to exchanges like Bybit and Gate, the token's price has shown resilience, holding steady around $1.95 and remaining up 120% over the past week.
Changpeng Zhao (CZ), Binance's co-founder, clarified that while ASTER is not directly associated with Binance, former Binance staff and YZi Labs have holdings in the project, lending credibility. The news has impacted ETH derivatives and broader DeFi market dynamics, with Wintermute's activities suggesting strategic liquidity management amid high volumes.
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