ASTER (Aster) fell 2.52% in the last 24 hours.

Gate News Bot news, on September 29, according to CoinMarketCap, as of the time of writing, ASTER (Aster) is currently priced at $1.83, falling by 2.52% in the last 24 hours, with a high of $2.42 and a low of $1.29. The 24-hour trading volume reached $1.317 billion. The current market capitalization is approximately $3.033 billion, a decrease of $78.3261 million compared to yesterday.

Aster is a next-generation decentralized perpetual contract trading platform designed for all traders. It offers cross-chain trading, deep liquidity, and advanced trading tools, such as hidden order functionality. Aster supports multi-chain operations, allowing trading without the need for bridging. The platform also provides U.S. stock trading with leverage of up to 100 times, fully settled in cryptocurrency. Aster aims to deliver a seamless trading experience for both novice and professional traders, emphasizing control, speed, and competitive advantage.

Important recent news about ASTER:

1️⃣ Total revenue exceeds 100 million US dollars

Aster's total revenue reached $105 million, with nearly $70 million in revenue over the past 7 days, accounting for nearly 70% of total revenue. The platform's total volume has exceeded $840 billion, with nearly $200 billion in volume over the past 7 days. Currently, Aster has over 3 million total users and more than 800,000 traders. This achievement highlights Aster's rapid growth and strong competitiveness in the decentralized perpetual contract trading space.

2️⃣ XPL contract price anomaly event and handling

The Aster platform's XPL perpetual contract previously experienced a brief abnormal price fluctuation, rising to a peak of 4 dollars. The platform responded quickly, ensuring the safety of users' funds and promised full compensation to the affected users. Currently, the compensation for the XPL contract abnormal incident has been fully distributed, and all affected users have directly received the compensation in the form of USDT. The proper handling of this incident demonstrates the Aster team's quick response capability and user-first attitude.

Institutional investors continue to increase their holdings

Multiple large institutions and individual investors have recently made significant purchases of ASTER. A Galaxy Digital associated address withdrew 24 million ASTER from Gate, worth 46.56 million USD, becoming the largest on-chain holder not affiliated with the project. Additionally, a whale address has recently increased its holdings by 55 million ASTER at an average price of about 1.53 USD. The active entry of institutions and large investors provides strong support for the price of ASTER, reflecting the market's confidence in the future development of Aster.

From a technical perspective, the ASTER price has experienced a pullback after a rapid rise, which may be a correction by the market due to the excessive increase. Investors need to be vigilant about short-term price volatility risks while paying attention to the platform's ongoing development and user growth, as these factors will affect the long-term value of ASTER.

This message does not constitute investment advice, and investors should be aware of market volatility risks.