Aster hits $2.576 billion daily volume as decentralized perpetuals exchange gains traction

Aster, a decentralized perpetuals exchange, is positioning itself as a solution to the core challenges hindering onchain trading. The platform aims to bridge the gap between the performance of centralized exchanges (CEXs) and the trustless nature of decentralized finance (DeFi). By leveraging a zero-knowledge (ZK) proof-of-proof architecture, Aster seeks to deliver fast, fair, and private trading without compromising security or transparency [1].

Aster caters to a diverse range of traders through two distinct trading modes: Pro Mode and Simple Mode. Pro Mode is designed for advanced and institutional users, offering a centralized order book model that provides deep liquidity and minimal slippage, especially for major trading pairs like BTC/USD. The platform also features competitive trading fees, a VIP program offering reduced fees for high-volume users, and support for high leverage and multi-asset trading [1].

In contrast, Simple Mode is tailored for retail traders who prefer a streamlined, one-click trading experience. It operates on the Aster Liquidity Pool (ALP) model, allowing traders to take positions against a shared liquidity pool. A notable feature is the “degen mode,” which enables high-leverage trading with zero open fees and zero slippage, making it ideal for traders seeking to capitalize on fast-moving assets [1].

Privacy is a core component of Aster’s design. The platform recently launched a Hidden Orders feature that enables traders to execute orders anonymously, protecting their strategies from public exposure until the trade is complete. This is particularly valuable for large-volume or institutional traders who wish to avoid signaling market intentions. The platform has already attracted attention from industry leaders, including Binance founder Changpeng “CZ” Zhao [1].

The underlying infrastructure of Aster is the Aster Chain, a high-performance layer-1 blockchain built specifically for private and non-custodial order book trading. Powered by Brevis’ ZK technology, the chain allows for trustless onchain verification of trades without exposing sensitive data [1].

According to recent data, Aster’s daily trading volume exceeded $2 billion, reaching $2.576 billion on June 13, as reported by DefiLlama [1]. The platform’s roadmap includes expanding its rewards program and introducing a token generation event for its native AST token, alongside the gradual rollout of new trading features and supported assets.

Aster’s long-term vision is to redefine decentralized perpetual trading by combining the speed and depth of centralized exchanges with the transparency and security of DeFi. The platform’s success will depend on its ability to maintain these advantages while continuously improving the user experience for both seasoned and novice traders [1].

Source: [1] Perpetual DEX aims to solve the core problems of onchain trading — Here’s how (https://cointelegraph.com/news/perpetual-dex-aims-to-solve-the-core-problems-of-onchain-trading-here-s-how)