ASTER (Aster) has risen 3.39% in the last 24 hours.

Gate News Bot report, on September 30, according to CoinMarketCap data, ASTER (Aster) is currently priced at $1.91, having risen 3.39% in the last 24 hours, with a peak of $2.42 and a low of $1.47. The 24-hour volume reached $1.159 billion. The current market capitalization is approximately $3.161 billion, which is an increase of $104 million compared to yesterday.

Aster is the next-generation decentralized exchange for perpetual contracts aimed at all traders. It offers decentralized perpetual contract trading with features such as multi-chain, high liquidity, and security. Aster supports cross-chain trading without the need for bridging or switching; users simply select the chain and trade. The platform provides deep liquidity, supports large transactions, and offers advanced tools like hidden orders. Aster is suitable for both beginners and professionals, providing a streamlined trading experience with a focus on clarity and control.

Important news about ASTER recently:

1️⃣ Large institutional investors are actively entering the market.

The well-known investment institution Galaxy Digital's associated address withdrew 24 million ASTER from Gate, valued at 46.56 million US dollars, becoming the largest non-project party holder on-chain. Additionally, a major whale address recently increased its holdings by 55 million ASTER at an average price of about 1.53 dollars. The continuous buying by institutions and large holders provides strong support for the ASTER price, reflecting the market's confidence in Aster's future development.

2️⃣ volume and income significantly rise

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

3️⃣ Proper handling of abnormal events in XPL contract prices.

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

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

This message is not an investment advice, and investors should be aware of the market volatility risks.