Aster, a decentralized exchange (DEX) offering perpetual and spot trading across multiple blockchains, has recently announced plans to launch its Mainnet in March. Notably, the exact date has not been revealed.
This means Aster will no longer depend on other networks and will begin operating on its own protocol and infrastructure. The platform will be fully developed and deployed to handle transactions that are broadcast, verified, and recorded.
ASTER Spikes 15%
Following the latest announcement, its native token surged above 10%. However, according to CoinGecko data, the crypto asset has risen slightly to more than 15.5%.
The digital asset is currently changing hands at $0.7536 at the time of writing. ASTER has posted gains of 34.5% and 12.5% in the past week. Its 24-hour trading volume of over $360.348 million suggests increasing investors’ interest in the token.
Despite the ongoing market turbulence that has affected major crypto prices, ASTER has defied the trend. The digital asset has a market capitalization of nearly $1.8 billion.
A Strategic Partnership
As part of its growth, the platform is partnering with Binance Wallet in a major Perpetual Milestone Challenge. While this is its Season 2, it involves trading tokenized stocks and precious metals on Binance Wallet (Web) to share up to 100,000 USDT in rewards.
The collaboration also promises 0% maker fee, and all trading volume also counts towards Aster S6 airdrop points. The joint forces aim at building and growth.
Aside from these latest developments, Aster has launched a strategic buyback move. The project allocates roughly 20-40% of the daily protocol fee to the open-market repurchase of ASTER tokens.
The primary objective of the DEX is to maintain and increase demand for the token while modestly reducing the circulating supply. Aster has a total supply of nearly 7.823 million ASTER tokens.
More so, in early January, Aster opened early claims for its stage 4 airdrop. According to the DEX, users who participated and chose the 50% early claim option can access their allocations.
The platform noted that on April 28, roughly 118.5 million ASTER tokens, representing 98.74%, will remain locked. In other words, only a small portion will be available. Aster also mentioned that the majority will remain restricted to ensure gradual distribution.
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