Just recently, everyone was watching the insane trades of crypto whales on the Hyperliquid DEX exchange, until a new player emerged on the scene: ASTER. Literally within a few days of its launch, it climbed to first place in daily trading volume, even though just a week ago Hyperliguid held 80% of this market. Why ASTER managed to become a leader in decentralized cryptocurrency trading in just a few days is what we will explore in this article.

The first, and probably the main, reason for such a rapid rise of the ASTER DEX exchange and its eponymous token is the indirect support of the project from Binance (the world's #1 CEX exchange) and its founder Changpeng Zhao (CZ).

CZ himself personally stated that DEX exchanges are the future, not just for cryptocurrencies, and he did so immediately after the TGE (Token Generation Event) of the ASTER token. Support from the Binance team can be identified indirectly by the rapid listing of the ASTER token for trading on Binance, as well as by the trading volume on ASTER itself, since 75% of all trades on the DEX exchange were conducted on the BSC (Binance Smart Chain). Furthermore, the exchange accepts the liquid staking token asBNB as collateral. ASTER also received support from YZI Labs, which was previously the venture capital division of Binance.

Support from crypto industry leaders is certainly a strong advantage, but it still doesn't guarantee success, as a quality product is also needed. And ASTER is precisely that next-generation product when compared to other DEX exchanges.

Advantages of the ASTER DEX Exchange:

If all existing decentralized exchanges focus solely on facilitating trading operations, ASTER has gone further. In addition to trading itself, it offers a set of services for traders that were previously only available on major centralized exchanges.

  • Futures and spot trading are available.
  • Trading of company stocks (Apple, Microsoft, Amazon, etc.) is available.
  • Ability to launch a futures GRID bot.
  • Two trading modes: PRO and SIMPLE.
  • PRO mode offers low fees: 0.01% for makers and 0.035% for takers. Leverage up to 100X.
  • The simple mode is focused on simplicity and 1-click trading, offers leverage up to 1001X, as well as protection from MEV attacks.
  • Margin collateral can be provided in asBNB and USDF tokens.
  • Earn products: Staking asBNB for 8% APY or asUSDF also for 8% APY.
  • Hidden orders: Helps avoid front-running. They are not displayed in the order book but become visible upon execution.
  • Copy-trading.
  • API Management.
  • Loyalty program: Earn points in exchange for ASTER tokens.

Conclusion: The ASTER decentralized exchange offers not only low trading fees but also other useful features that bring its capabilities closer to those of the best traditional crypto exchanges. This will be primarily appreciated by market professionals seeking the confidentiality of a DEX without losing functionality.