The man admitted it! The former Chinese billionaire: "I am an advisor for the Aster Perptual Futures platform"

The former richest Chinese person has officially confirmed his relationship with the rapidly rising Perptual Futures DEX Aster (ASTER), sparking heated discussions in the market. This heavyweight figure in the Crypto Assets industry clarified on social media that he "does not belong to the team, but is just an advisor," while revealing that YZi Labs holds a minority stake in the project. The Aster Token soared to $2.44 earlier this month, with its market capitalization briefly surpassing $3 billion, drawing widespread attention to its industry connections and development prospects.

Former Chinese billionaire "first time" publicly confirms relationship with Aster

The rumors that have circulated in the Crypto Assets community for a long time have finally been confirmed. The former richest person in China recently retweeted a post on X (formerly Twitter), officially clarifying his relationship with the rapidly rising Perptual Futures decentralized exchange Aster.

"Not part of the team, just an advisor," he succinctly stated his role in the post. This heavyweight in the crypto assets industry also revealed that several former CEX employees are members of the Aster team, and that the company YZi Labs, which is affiliated with the CEX ecosystem, holds a minority stake in the project.

This public statement has sparked widespread follow in the market, as it is his first formal acknowledgment of a direct association with a decentralized trading platform. As one of the most influential figures in the Crypto Assets industry, every move he makes could have a profound impact on the market.

Aster: The Rise from Obscurity to a Market Capitalization of 3 Billion USD

Aster, as a newcomer in the Perptual Futures DEX market, has achieved remarkable growth in a short period of time. The platform allows traders to transfer stablecoins from CEX public chains, blockchains like Ethereum and Solana, and trade without KYC verification, which significantly lowers the participation threshold for users.

The performance of the ASTER Token is particularly striking:

Market analysts believe that Aster's rapid rise is mainly due to two factors: strong liquidity incentives and implicit support from industry giants. This combination has attracted a large number of traders and liquidity providers to the platform, propelling it to quickly secure a place in the highly competitive DEX market.

The Subtle Balance Between Centralization and Decentralization

The former richest person in China mentioned an interesting point in a statement: Although Aster competes with the CEX's own derivatives business, it may ultimately benefit the CEX platform coin by expanding on-chain trading activities.

This perspective reveals the potential synergies that may exist between centralized exchanges and decentralized platforms, rather than a purely zero-sum competitive relationship. As the Crypto Assets market continues to mature, this symbiotic relationship may become a new model for industry development.

Industry experts point out that this strategy reflects the evolving trend of the Crypto Assets ecosystem: key participants are building diversified business portfolios while laying out in both centralized and decentralized realms to adapt to the needs of different user groups and changes in the regulatory environment.

Market Reaction and Community Speculation

The public statement of the former richest Chinese person has sparked heated discussions in the crypto community. Previously, there were rumors circulating in the community that he suggested users buy ASTER at a price of 2 dollars during a Spaces voice chat, but this claim has not been confirmed by him.

The market reacted differently to the news of him serving as an advisor for Aster:

· Some traders view it as an affirmation of Aster's long-term development prospects, believing that it indicates the project has a solid technical foundation and business model.

Some market participants, on the other hand, take a cautious attitude, believing that after ASTER has experienced such strong early gains, investors should remain vigilant.

Analysts point out that while endorsements from celebrities may bring short-term benefits, the long-term success of a project still depends on its technological innovation and user adoption.

Competition Landscape of Perptual Futures DEX Market

The rise of Aster occurs against the backdrop of increasing competition in the Perptual Futures DEX market. Currently, the main participants in this field include:

Aster's unique advantage in this competitive landscape lies in its deep connection with the existing encryption ecosystem and strong liquidity incentives. However, as the market develops, it will also face fierce competition from other platforms.

Future Outlook: Aster's Development Prospects

With the former richest Chinese confirming to act as an advisor for Aster, the market is filled with expectations for the future development of the platform. Analysts point out that the success of Aster will depend on several key factors:

Technical Innovation: Can it continue to provide a trading experience and features superior to competitors?

Liquidity Maintenance: Whether sufficient trading depth can be maintained after the initial incentive measures end.

Regulatory Adaptation: How to Adjust Business Models in an Increasingly Strict Global Regulatory Environment

Ecosystem Expansion: Can a broader DeFi service ecosystem be built?

Industry experts believe that the involvement of the former richest Chinese person could bring valuable industry insights and strategic guidance to Aster, but the platform's long-term success will still depend on its execution capabilities and market adaptability.