[ Market Manifesto: Ep 22 ]
@Leonard_Aster went from bank trading tech in Hong Kong to early Binance and now CEO of @Aster_DEX. A year in, Aster has its own chain and 47M+ users.
This week we'll get into his time at Binance, how Aster came together, and more!
Aster has also generated approximately $479M in protocol fees over the same period. The numbers highlight how quickly Aster has gained traction in the on-chain derivatives market.
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🚨 WSX Breaking: @Aster_DEX has emerged as the second-largest perpetuals DEX, trailing only @HyperliquidX.
According to @DefiLlama data, the platform has processed roughly $1.49T in perpetuals trading volume since launching about a year ago.
Aster has also generated approximately $479M in protocol fees over the same period. The numbers highlight how quickly Aster has gained traction in the on-chain derivatives market.
Its rapid rise signals growing competition in the perpetuals DEX sector, with HyperliquidX still maintaining the top position.
Some traders have already earned big in USD1 RWA Boost. As the campaign evolves, we’re refining the rules to support fair participation and better reward genuine trading activity.
The sharpest hunters know the rules best. changelog fyi 👇
Epoch 1 (Aug 31)
- Launched with 125M $WLFI + 6.25M USD1 in rewards. Trading Points earn USD1; OI Points earn $WLFI. Single-Asset Mode earns 2× OI Points.
- New eligible listings: SPCX, CL, XAU, SNDK, SKHYNIX and MU at launch; GPRO on Sep 3.
Epoch 2 (Sep 7)
- RWA taker fees changed to 0.0125%. Points linked to identified concentrated XAUUSD1 trading were removed; Epoch 1 results and other Epoch 2 points were unaffected.
Epoch 3 (Sep 14)
- Both point types switched from hourly to daily UTC calculation, retaining 5-minute snapshots. Introduced a daily Trading Points multiplier based on 24h average OI ÷ 24h Taker Volume.
- New eligible listings: BNC (Sep 18).
Epoch 4 (Sep 21)
- Grid 2.0 launched. Campaign eligibility and points are assessed separately for each Grid strategy, with points aggregated to the main account for rewards.
- New eligible listings: POLYMARKET (Sep 21), MOONSHOT (Sep 22), OURA (Sep 23) and META (Sep 24).
Epoch 5 (Sep 28)
- Hedge Mode OI is calculated using the net position on each eligible pair.
imagine my surprise when a regular, shy guy i met at today's perpdexday in seoul pulled up his all-time +$9M pnl on the exchange
once again convinced: korean traders are just unreal