Aster (ASTER) perpetual market

Aster is a decentralized derivatives exchange that lets users trade perpetual futures across multiple blockchains from a single account. Formed in 2025 from the merger of the Astherus yield platform and the APX Finance perpetuals protocol, it offers both a simple order interface and a professional trading mode with on-chain order books, and it is associated with YZi Labs, the investment firm formerly known as Binance Labs. The platform emphasizes deep liquidity, cross-chain collateral and yield-bearing assets that traders can use as margin. Its ASTER token is used for governance, fee incentives and rewards that encourage trading and liquidity provision across the venue. Aster competes in the fast-growing on-chain perpetuals sector, where decentralized exchanges seek to match the speed and depth of centralized order books while keeping custody with users.