ASTER (Aster) fell 3.66% in the last 24 hours.

Gate News Bot news, September 30, according to CoinMarketCap, as of the time of writing, ASTER (Aster) is currently priced at $1.85, down 3.66% in the last 24 hours, reaching a high of $2.42 and a low of $1.70, with a 24-hour volume of $1.119 billion. The current market capitalization is approximately $3.075 billion, a decrease of $117 million compared to yesterday.

Aster is a next-generation decentralized exchange for perpetual contracts aimed at all traders. The platform offers decentralized perpetual contract trading, supporting multiple chains, ample liquidity, and security. Aster creates a non-custodial trading experience for both beginners and professionals, allowing users to have full control over their assets. The platform supports hidden order functionality, enabling users to place limit orders that are completely hidden from the public order book. Additionally, Aster also supports trading of US stocks, offering up to 100x leverage, settled entirely in cryptocurrency without the need for cross-chain.

Important news about ASTER recently:

1️⃣ Rapid income growth, ranking among the top in the industry.

Aster's fee revenue in the past 7 days reached 69.56 million USD, surpassing Circle and Uniswap, ranking second in protocol fee revenue across the network, second only to Tether. The platform's total trading volume exceeded 840 billion USD, with nearly 200 billion USD in trading volume in the past 7 days. Currently, Aster has over 3 million total users and over 800,000 traders. This growth trend highlights Aster's rapid rise and strong competitiveness in the decentralized perpetual contract trading space.

2️⃣ Institutional investors continue to increase their holdings

Many large institutions and individual investors have recently made significant purchases of ASTER. An address associated with Galaxy Digital withdrew 24 million ASTER from Gate, worth 46.56 million USD, becoming the largest non-project holder on-chain. Additionally, a whale address recently increased its holdings by 55 million ASTER at an average price of about 1.53 USD. The active participation of institutions and large holders provides strong support for the price of ASTER, reflecting the market's confidence in Aster's future development.

3️⃣ Genesis Phase Two Airdrop Plan Announced

Aster CEO Leonard stated that the second phase of Genesis will allocate 4% of the total supply, aiming to distribute it as fairly and evenly as possible to real users participating in transactions. The team will filter out fake accounts through various behavioral data to ensure that rewards are given to genuine users. To avoid causing significant selling pressure, the release pace will be adjusted. This plan is expected to enhance user participation while balancing market supply and demand.

From a technical perspective, the ASTER price has experienced a period of consolidation after a rapid rise earlier. Investors should pay attention to the platform's ongoing development and user growth, as these factors will impact the long-term value of ASTER. At the same time, one should be cautious of short-term price volatility risks, especially in the context of large capital inflows and rapid platform growth.

This message is not intended as investment advice; investors should be aware of market volatility risks.