The eternal amount of trade in the decentralized exchange (DEX) advanced to a full time of $ 70 billion on Thursday, driven by ASTER, a new derivative platform in the BNB chain.
The eternal dexs have Surged To record the volumes on three consecutive days as decentralized activity continuously heated. On Tuesday, the overall volume for the Per Dexs hit $ 52 billion, followed by $ 67 billion on Wednesday.
The volume led to $ 70 billion on Thursday, featuring a modified momentum in the decentralized market of derivatives of Decentralized Finance (DEFI).
Aster led the leaderboard with nearly $ 36 billion in the 24 -hour trading volume, with more than 50% of Perp dex’s total activity on Thursday. The platform exceeds rivals such as hyperliquid and lighter, both recording volumes of over $ 10 billion.
A farming incentive drives ongoing dex trading activity
Aster’s breakout performance on Thursday followed the growing dominance of the platform in decentralized derivatives. On Wednesday, Aster exceeded its peers with $ 24.7 billion in 24 -hour volume, more than double hyperliquid performance that day.
While trading volume is a major measure of the measurement of interest and convincing the market towards a platform, aster increases are also driven by aggressive incentives for platform use.
Trading, ASTER DEX Minting and Handling gives points to users, making it fitted for an aster airdrop.
As a result, community members say that climbing volume can have a negative impact on retail businessmen. A user Says Volume spikes may look good until the rewards dry, focusing that the volume does not really reflect the belief in the market.
Another member of the community compared the amount of progress during the mining fee exchange in 2018 and the Defi summer of 2021. The user said these events would not end well for retail.
“Cash out even a small amount, unless you know what you are doing. It’s very easy to lose money at this phase of the market,” the user Says.
Related: Machi Big Brother came out of $ 25M Hype Bet at $ 4M Loss as rivals ate Hyperliquid Market Share
Aster’s open interest has risen to $ 1.25 billion a week
Ever since it launched, the Aster has performed well in the main metrics of Defi. On Friday, Aster fluttered a trading volume of over $ 400 million and Double the total amount locked (TVL). The platform continues to grow, recording a TVL of over $ 2 billion on Thursday.
In addition, Aster’s Open interesta scale that tracks the total number of remaining contracts that have not been fixed, reached $ 1.25 billion on Wednesday.
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