ASTER (Aster) fell 8.50% in the last 24 hours.

Gate News Bot news, on September 28, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.81, with a fall of 8.50% in the last 24 hours, peaking at $2.42 and dropping to a low of $1.29. The 24-hour volume reached $1.38 billion. The current market capitalization is approximately $2.999 billion, a decrease of $279 million compared to yesterday.

Aster is a next-generation decentralized exchange for perpetual contracts aimed at all traders. The platform offers decentralized perpetual contract trading, supporting multi-chain, ample liquidity, and security. Aster creates a non-custodial trading experience for both novice and professional traders, allowing users to have full control over their assets. The platform features include hidden order functionality, U.S. stock trading with up to 100x leverage, and cross-chain trading without the need for bridging. Aster also provides advanced tools and deep liquidity pools to support large transactions and provide a competitive advantage.

Important news about ASTER recently:

1️⃣ Total revenue exceeded 100 million USD.

Aster's total revenue reached $105 million, with nearly $70 million in revenue over the past 7 days, accounting for almost 70% of total revenue. The platform's total volume exceeded $840 billion, with nearly $200 billion in volume over the past 7 days. Currently, Aster has over 3 million total users and over 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 experienced a brief abnormal price fluctuation, rising as high as 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 event 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-first attitude.

3️⃣ Institutional investors continue to increase their holdings

Recently, multiple large institutions and individual investors have made significant purchases of ASTER. A Galaxy Digital affiliated address withdrew 24 million ASTER from Gate, valued at 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 holders has provided strong support for the price of ASTER, reflecting market confidence in Aster's future development.

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

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