Aster Decentralized Perpetual Exchange

Introduction and Development of Aster

Aster (ASTER) is a high-performance privacy-first perpetual futures decentralized exchange (DEX) established by the merger of Astherus and APX Finance, receiving investment support from the former Binance Labs named YZi Labs. Since its launch in 2025, the Aster ecosystem has rapidly developed, with the number of users exceeding 330,000 and the Total Value Locked (TVL) growing from $350 million to over $1 billion, becoming a popular trading platform.

Core Technology and Trading Model

Aster has a dual trading mode to meet the needs of different users: Simple Mode is suitable for ordinary investors and short-term operations, supporting up to 1001 times leverage and integrating automatic MEV protection to reduce front-running risks; Pro Mode is aimed at professional traders, offering complete order book depth, professional chart analysis, grid trading tools, and features a unique Hidden Orders function.

Hidden Orders utilize Zero-Knowledge Proof (ZKP) technology to encrypt order information, allowing only the matching engine to verify its authenticity. This enables large traders to execute trades without exposing their strategic intentions, effectively reducing market impact and slippage. At the same time, Aster has launched its own USDF stablecoin, replacing traditional USDT and USDC as collateral. USDF can generate approximately 12.2% annualized returns in low-risk DeFi protocols, enhancing capital efficiency.

Technical Analysis and Market Trends

From a technical perspective, the Aster price is currently stable above the short-term moving averages, with trading volume showing continuous growth and a clear bullish trend. However, considering the high volatility of crypto assets, the risk of price correction still exists, and investors should operate cautiously.

Investors’ Focus and Potential Opportunities

When assessing the investment value of Aster, one can see its potential from its technical advantages, capital efficiency, and market acceptance. The dual-mode trading and privacy protection give Aster a differentiated advantage, while the high yields of the USDF stablecoin attract long-term users, and the rapidly increasing TVL and user numbers reflect its ecological vitality. However, due to high leverage and market volatility, risks still need to be managed cautiously.

Summary

With its innovative trading architecture and strong privacy protection, Aster has established a foothold in the Perptual Futures DEX space. As users and trading volume increase in the future, it is expected to become an important platform for perpetual trading of crypto and traditional assets. For novice investors, understanding its technology and market dynamics is key to assessing future potential.