TheTechno Optimist.

Aster Perp DEXAster—Aster market share collapses to 15–20% as incentives taperAster Perp DEXAster—Aster Layer 1 testnet launches for public participationAster Perp DEXAster—Aster Layer 1 mainnet launches with privacy-first features

Aster

Perp DEX, multi-chain perpetuals

HKprivateest. 2025asterdex.com (opens asterdex.com)Checked 10 Oct

The brief

Analyst view
  • Emerged from late-2024 merger of yield protocol Astherus and perp-DEX APX Finance.
  • ASTER token (8B supply, 704M airdrop, 50%+ incentives) launched Sep 2025. Surged to $1.90+ and 70% perp-DEX volume.
  • Launched Layer 1 mainnet Mar 2026 with privacy features: hidden positions, MEV protection via zero-knowledge proofs.

Technical approach

As reported
Multi-Chain

Liquidity across four blockchains

Aggregates perpetual liquidity across blockchains for deeper pools and lower slippage than single-chain competitors.

Hybrid Model

Simple and Pro modes

Simple: LPs are counterparty (AMM). Pro: off-chain order book for price discovery and up to 100x leverage.

Privacy

Shield Mode and MEV protection

Shield Mode hides positions and orders. Zero-knowledge proofs prevent front-running on Layer 1.

Primer