$ASTER has been on fire!
A DEX born from the merger of Astherus + APX Finance, w/ spot & perps trading, CZ’s support & a massive 50%+ airdrop incoming.
But here’s the catch... 95% of supply is allegedly held by a few wallets.
Big potential. Bigger risk. Let's dive in👇
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@cz_binance's backing of $ASTER sent it skyrocketing in visibility.
Lets look at the 1st 24hrs after TGE:
— Hit a 1,650% peak surge
— $345M in 24-hr trading volume
— $1.5B+ total platform volume
— Nearly 330K new wallets joined
— TVL went up $660M to over $1B
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The story of ASTER is simple: when innovation finds support, adoption follows.
The integration of two companies brought trading & yield-generation activities into a single protocol, addressing a gap in DeFi.
Bybit was the 1st major CEX to list, then Binance Alpha.
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Aster’s “Trade & Earn” model lets traders use the same funds for collateral & yield, earning passive income while backing trades.
Two income streams, one pool of capital.
They've also expanded beyond crypto with perps on stocks like Apple & Tesla, bridging TradFi and DeFi so anyone can trade global markets 24/7.
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There are two key tokens that power the system:
— asBNB: Staked version of BNB that can be used as trading collateral while still earning staking rewards
— USDF: Yield-bearing stablecoin pegged to USDT, with profits from delta-neutral strategies shared weekly w/ holders
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Despite the success, reports indicate 95% of ASTER tokens are allegedly concentrated in as few as six wallets.
Such concentration raises concerns about token stability & market risk.
Large holders could significantly impact price dynamics if they choose to sell.
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Performance remains on an upward trend, however market speculation centers on:
1) The impact of the large-scale airdrop distributing 53.5% of the supply
2) The future Layer 1 Aster Chain
3) Concerns over potential price volatility.
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Now lets get up to speed w/ the latest from @Aster_DEX
— Aster just announced SZN 2 Airdrop for Oct 14th
— SZN 3 is on now with different scoring mechanics
— Airdrop checker opens on Oct 10
(Trade the following pairs to receive a 1.2x limited-time symbol boost)
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Conclusion:
Aster is frequently compared to @HyperliquidX, the current market leader.
It's an attractive opportunity for many who see it challenging $Hype.
What do you think? Please re-share the first post & comment your thoughts!
Full article:
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