ASTER, the exchange of decentralized perpetuals supported by Yzi Labs, known for his links with the founder of Binance, Changpeng Zhao, reimbursed the traders who underwent losses following an abnormal price of price in his perpetual XPL contract.
The main dishes to remember:
- Aster quickly reimbursed traders in USDT after a price of XPL price has triggered forced liquidations.
- The peak was probably caused by a transitional error when pre-launched to live transmission.
- Despite the incident, the presence of the ASTER market continues to grow, recently exceeding the hyperliquid in daily volume.
The disturbances took place on Thursday evening, when the XPL price reached more than $ 4, despite the trade of around $ 1.30 on other platforms.
In a press release published on X, Aster recognized the problem and reassured users that “all funds are SAFU”, promising a complete survey and compensation for the traders concerned.
ASTER begins rapid USDT reimbursements after the XPL price glitch
In less than an hour, the exchange confirmed that the incident had been resolved and began to reimburse liquidated users in the USDT.
The initial reimbursement series was completed within three hours, followed by compensation for negotiation and liquidation costs.
According to community speculation, the question can be from internal surveillance when pre-launching to live negotiations for XPL contracts.
Some users suggested that ASTER had previously coded the price of the index at $ 1 and capped the brand price during the tests.
When these orders were lifted without synchronizing with the market live, a price leap has triggered forced liquidations. Aster did not officially confirm the cause, but said that she continued to investigate.
The value of the compensated losses remains not disclosed, although the merchants’ estimates suggest that the liquidations have run in millions.
The XPL list intervened just a few hours after the main launch of Plasma, a layer 1 blockchain focused on Stablescoin.
Plasma made its debut with more than $ 2 billion of total value locked in floors, immediately placing it among the 10 highest blockchains by Stablecoin liquidity. XPL, its native token, quickly reached an entirely diluted assessment above $ 12 billion.
The incident occurs during an increase in the presence of the Aster market. Since the launch of its ASTER token on September 17, the platform assessment has increased from $ 560 million to more than $ 15 billion.
Aster recently exceeded rival hyperliquids in the daily volume of perpetuates and should close the month with record figures.
Aster’s unique “hidden orders” function, allowing users to place invisible limit orders, helped him differentiate into the crowded landscape of Dex Perr, where transparency is generally the norm.
Aster feeds the Boom Dex Perp
Perpetual negotiation volumes on decentralized scholarships reached a record summit of $ 70 billion on Thursday, marking the third consecutive day of volume growth.
ASTER, a new platform derived on the BNB channel, led overvoltage, contributing nearly $ 36 billion, more than half, total dex activity, exceeding hyperliquid and lighter.
The thrust follows a week of explosive growth to Aster, which exceeded $ 24.7 billion in volume the day before.
A large part of the momentum of the platform is allocated to incentive agriculture: users earn points by exchanging, hitting or holding assets, making them eligible for future air groups.
As indicated, Crypto Exchange OKX built a decentralized perpetual trading platform similar to Hyperliquid and Aster, but has set aside its main launch due to regulatory concerns, according to the founder and CEO Star XU.
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