Aster to Build a Privacy-First Blockchain with Zero Fees
Date: 2025-11-06 Author: Oliver Abernathy Categories: BLOCKCHAIN
Aster, a decentralized exchange running on the BNB Chain and specializing in perpetual contracts, has announced plans to launch its own blockchain. This was reported by journalist Quai Dong, citing a comment from the platform's CEO, who goes by the pseudonym Leonard. The main idea behind the new project is to create an infrastructure that prioritizes user privacy and zero transaction fees. Implementation details have not yet been disclosed.
Aster's CEO noted that the company intends to further expand its offerings by adding traditional financial products, including stock futures. Furthermore, Perp-DEX is considering launching a derivatives premarket in partnership with Buildlpad to provide users with access to trading assets of promising projects before their official launch.
Against this backdrop, experts note increasing competition among decentralized platforms. Aster's main competitor is Hyperliquid, a DEX operating on its own Layer 1 network. Hyperliquid uses an advanced HyperBFT consensus mechanism based on Proof-of-Stake, which enables throughput of up to 200,000 transactions per second.
Earlier this year, the Hyperliquid team introduced HyperEVM, a tool compatible with the Ethereum Virtual Machine, allowing developers to run smart contracts with greater speed and scalability. A wide range of tokens are already available in the ecosystem, including Circle's USDC. In September, the issuer expanded its integration with the Hyperliquid network, and the total value locked (TVL) of HyperEVM exceeded $2 billion.
The ecosystem is based on the HYPE token, which has a market capitalization of $11.2 billion. At press time, it was trading at $41.30, up 10.4% in 24 hours, despite the overall decline in the crypto market.
Aster and Hyperliquid aren't alone in strengthening their positions. Another decentralized exchange, Lighter, which runs on Arbitrum, recently introduced its own L2 solution using ZK technology to ensure security and transaction verification. The network and its token are scheduled to launch before the end of the year.
Aster already has its own token, with a market capitalization of approximately $2 billion and a price of approximately $1. The coin has also shown growth—11% over the past 24 hours, despite negative market dynamics.
It's worth noting that trading volume on perp-DEX platforms reached an all-time high of $1.3 trillion in October, almost double the September volume. This confirms the growing interest in decentralized derivatives trading tools and highlights the relevance of new privacy and performance solutions.
