Machi Big Brother dominates the liquidation leaderboard with 71 liquidations so far this month, far ahead of James Wynn and Andrew Tate. Decentralized exchange Aster is delving into crypto’s degen culture with the launch of “Machi mode,” a new feature that rewards traders with points for getting liquidated. The update, set to go live next week, was announced with a direct nod to Machi Big Brother (real name Jeffrey Huang), a Taiwanese-American entrepreneur and former musician who has recently become a high-risk investor in the cryptocurrency space with a track record of liquidations. “You get liquidation points for getting rekt,” Aster wrote in a Wednesday post on X, adding that “this one’s for you, king @machibigbrother.” Read more
Aster says its tokenomics remain unchanged after a CMC update sparked confusion over delayed unlocks, confirming unused tokens will move to a public wallet. Decentralized exchange Aster has said that its tokenomics remain unchanged after a CoinMarketCap (CMC) update triggered speculation across its community about changes to the project’s unlock schedule. The confusion began when users noticed that token unlock dates shown on Binance and CMC, previously set for 2025, had been pushed to mid-2026 and, in some cases, 2035. However, the team clarified that the data reflected on CMC was the result of a miscommunication rather than a change in policy. According to Aster, the project’s original tokenomics included monthly ecosystem unlocks, but because the team has not yet had a usage plan for these tokens, none of the scheduled unlocks were executed. Read more
Aster pumped after Binance co-founder Changpeng Zhao shared a screenshot showing that he holds over 2 million Aster tokens. The native token for the decentralized exchange protocol Aster spiked over 30% on Sunday after Binance co-founder Changpeng “CZ” Zhao disclosed that he now holds over $2.5 million in Aster. CZ shared his wallet holdings in an X post on Sunday, and said he bought “some Aster today, using my own money on Binance.” “I am not a trader. I buy and hold,” he added. Read more
Aster’s return to DefiLlama came with missing historical data, leaving transparency questions unresolved across DeFi dashboards. Decentralized finance (DeFi) data aggregator DefiLlama quietly reinstated decentralized exchange (DEX) Aster to its analytics platform, weeks after delisting the project over disputed trading data. Dragonfly managing partner Haseeb Qureshi flagged the development on X, noting that there was no public discussion or announcement from either Aster or DefiLlama. Qureshi noted “big gaps” in the historical data, and asked the pseudonymous DefiLlama founder 0xngmi if the numbers are now legitimate. Responding to the post, 0xngmi said the team still could not verify the numbers, describing it as a “black box.” He added that while DefiLlama is developing a new system to include more metrics, Aster’s team requested to be relisted in the meantime. Read more
Aster’s removal from DefiLlama shows how data credibility has become a new battleground for DEXs. The fight for dominance among decentralized derivatives exchanges has taken a new turn after data aggregator DefiLlama delisted Aster, citing concerns over data integrity. Aster, a derivatives decentralized exchange (DEX) backed by YZi Labs (formerly Binance Labs), recently surged in trading volume to overtake Hyperliquid, which has been hailed as one of the crypto industry’s breakout stars. But on Sunday, DefiLlama founder 0xngmi said on X that Aster’s reported volumes mirrored those of Binance’s perpetuals market, prompting the platform’s removal. Read more
The decentralized finance analytics platform said that perpetual trading volumes on Aster were almost perfectly correlated to Binance volume. Decentralized finance (DeFi) analytics platform DefiLlama is delisting perpetual futures volume data for the Aster decentralized exchange platform (DEX) due to data integrity concerns, according to 0xngmi, a pseudonymous co-founder of DeFiLlama. Trading volume on Aster, which is linked to CZ, co-founder of the Binance crypto exchange, is now “mirroring Binance Perp volumes almost exactly,” 0xngmi said, adding that the correlation ratio between Binance and Aster trading volumes is about 1. He continued: Cointelegraph reached out to the Aster team, but did not receive a response by the time of publication. Read more
Aster reimbursed traders after an XPL glitch caused liquidations, as its perpetual DEX drove daily trading volumes to a record of more than $100 billion. BNB Chain derivatives decentralized exchange (DEX) Aster completed reimbursements to traders hurt by a glitch in its Plasma (XPL) perpetual market that briefly drove prices above market levels. According to Abhishek Pawa, the CEO of Web3 agency AP Collective, the issue stemmed from a misconfigured index hard-coded at $1. With the mark price cap lifted before the fix, XPL futures on Aster spiked to nearly $4 while other venues remained $1.30. The sudden Friday price discrepancy triggered unexpected liquidations and abnormal fee charges, causing losses to users. However, the platform moved quickly, assuring its users that all funds were safe and promising to compensate them for any losses. Read more
Community members questioned whether the surge in trading volume reflected market conviction or aggressive incentive farming. Perpetual trading volumes on decentralized exchanges (DEXs) surged to an all-time high of $70 billion on Thursday, driven by Aster, a new derivatives platform on BNB Chain. Perpetual DEXs have surged to record volumes on three consecutive days as decentralized perpetuals activity heated up. On Tuesday, the overall volume for perp DEXs hit $52 billion, followed by $67 billion on Wednesday. The volume topped $70 billion on Thursday, highlighting renewed momentum in the decentralized finance (DeFi) derivatives markets. Read more