Tag Archives: dex

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

Aster (ASTER), the decentralized exchange backed by Binance founder Changpeng Zhao’s investment firm YZi Labs, has postponed its upcoming airdrop after identifying “potential data inconsistencies.”

Key Takeaways:

  • Aster delayed its airdrop after uncovering potential data inconsistencies affecting some user allocations.

  • The postponement follows user complaints about inaccurate results from the project’s “S2 airdrop checker” tool.

  • DeFiLlama also suspended Aster’s trading data amid Binance-like volume correlations.

Originally set for October 14, the airdrop will now take place on October 20, pending internal verification, the team announced on Friday.

Aster Promises Fair Adjustments After Users Flag Airdrop Allocation Errors

The Aster team said it would update “certain users’ allocations where needed,” noting that “for most users, allocations should not fall below the final snapshot RH% in each epoch.”

The cause of the discrepancies was not fully detailed, but the decision follows user complaints about inaccurate results from the “S2 airdrop checker” tool released earlier in the day.

One trader claimed an allocation of only 336 ASTER tokens despite having generated over $9 million in trading volume. In total, 153,000 wallets are eligible for the Aster Genesis: Stage 2 airdrop.

Formerly known as APX Finance, Aster is a cross-chain perpetual futures DEX operating on Solana, Ethereum, Arbitrum, and BNB Chain.

The platform, which aims to rival Hyperliquid, recorded more than $420 billion in trading activity last month, according to The Block.

At the time of writing, ASTER is trading near $1.69, largely steady despite broader market weakness driven by renewed trade tensions following Donald Trump’s announcement of 100% tariffs on Chinese imports.

Last week, DeFiLlama temporarily removed trading volume data for Aster after detecting unusually high correlations with Binance’s perpetual volumes.

Co-founder 0xngmi announced the delisting on October 5, citing data integrity concerns after Aster’s XRP/USDT and ETH/USDT pairs showed nearly 1:1 correlation ratios with Binance.

The analytics site said it lacks the granular data needed to confirm potential wash trading, prompting the suspension until verification becomes possible.

The move has divided the crypto community, sparking debate over whether the volumes were manipulated or simply reflected a liquidity migration from Binance to Aster.

Blockchain investigator ZachXBT criticized Anndy Lian for downplaying the issue, while Lian argued that volume alignment across major projects is normal and that Aster’s activity mirrors broader market behavior.

He added that aggressive spending to gain market share is a business decision, not necessarily manipulation.

Aster Reimburses Traders After XPL Price Glitch Triggers Liquidations

Last month, Aster reimbursed users in USDT after a sudden price spike in the XPL perpetual contract triggered forced liquidations.

The anomaly, which occurred during the transition from pre-launch to live trading, saw the price of XPL briefly surge to over $4, well above its $1.30 average on other platforms.

The exchange responded quickly, completing the first round of reimbursements within hours and compensating affected traders for liquidation and trading fees.

While the exact cause remains unconfirmed, early speculation points to a misconfigured index price or missing sync with live market data. Aster has pledged to continue its investigation into the incident.

The glitch followed the mainnet launch of Plasma, a stablecoin-focused Layer 1 whose native token XPL rapidly hit a $12 billion valuation.

 

Source: https://finance.yahoo.com/news/yzi-labs-backed-perp-dex-112000943.html

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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DEX 파생상품 시장, 2025년 3.48조 달러 전망–“규제가 이동 촉진”

DEX 파생상품 시장, 2025년 3.48조 달러 전망–“규제가 이동 촉진”

[블록미디어 최창환 기자]탈중앙화 암호화폐 거래소(DEX)들의 2025년 퍄생상품 총 거래량은 3조 4800억 달러에 이를 것으로 예상된다고 코인텔레그래프가 28일(현지시간) 보도했다.

dYdX의 “2024 연간 생태계 보고서”에 따르면, DEX 파생상품 거래량은 24년 전년 대비 132% 증가해 1조 5000억 달러에 도달했다. 2024년 1월에는 810억 달러였던 거래량이 12월에는 2420억 달러로 급증했다. 이와 같은 성장세가 유지된다면, 2025년까지 총 거래량은 3조 4800억 달러에 이를 것으로 예상된다.

DEX는 파생상품뿐만 아니라 현물 거래에서도 점유율을 확대하고 있다. 보고서는 DEX 현물 시장 점유율이 9%에서 20%로 두 배 이상 증가했다고 밝혔다.

DEX 거래량–dydx. 코인텔레그래프

DEX 인기 요인: 저비용과 유동성
DEX 거래량의 급증은 암호화폐 강세장의 영향을 받은 것이지만, △저렴한 수수료 △더 많은 투기성 자산 접근성이 주요 요인으로 꼽힌다.

특히 솔라나(SOL) 기반 DEX 거래량은 밈코인 열풍으로 인해 폭발적으로 증가했다. 2024년 1월 초, 솔라나 기반 DEX의 일일 거래량은 이더리움(ETH)과 베이스(Base)의 거래량을 합친 것을 초과했다.

미국 규제가 DEX로의 이동을 촉진할 가능성
미국 국세청(IRS)의 디지털 자산 거래 보고 규정은 단기적으로 더 많은 트레이더를 DEX로 유도할 수 있다는 전망이 나온다.

2024년부터 중앙화 거래소와 중개업체는 암호화폐 거래를 보고해야 한다. 이는 2027년부터 DEX에도 적용될 예정이다.

IRS는 해당 규정이 투자자들이 세금 신고를 정확히 하는 데 도움이 된다고 주장하지만, 일부 업계 관계자들은 이를 과도한 규제로 보고 있다.

정부 블록체인 전문가 앤디 리안(Anndy Lian)은 “이 규정으로 인해 유니스왑(Uniswap)이나 팬케이크스왑(PancakeSwap) 같은 탈중앙화 플랫폼으로 사용자가 이동할 위험이 크다”고 말했다.

블록체인 분석 기술과 규제 발전이 2027년 이후 DEX의 세금 집행 가능성을 높일 수 있지만, 현재로서는 DEX가 세금 규정을 피할 수 있는 대안으로 부상하고 있다.

한편, 블록체인 협회(Blockchain Association)는 IRS의 규정을 두고 행정 절차법 위반이라며 지난해 12월 소송을 제기했다. 협회는 IRS가 법적 권한을 초과했다고 주장하고 있다.

탈중앙화 거래소의 급성장은 시장 참여자들에게 새로운 기회를 제공하는 동시에 규제 당국과의 갈등을 예고하고 있다. 2025년 DEX 시장의 성장은 암호화폐 산업의 방향성을 보여줄 중요한 지표가 될 전망이다.

 

Source: https://www.blockmedia.co.kr/archives/850161

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

DEX derivatives market forecast to reach $3.48T in 2025: dYdX

DEX derivatives market forecast to reach $3.48T in 2025: dYdX

Derivatives trading on decentralized exchanges (DEXs) is forecast to more than double this year as more investors opt for cheaper and more liquid alternatives to centralized platforms.

According to the dYdX “Annual Ecosystem Report 2024,” DEX derivatives volumes grew 132% last year to reach a record $1.5 trillion. Perpetual DEX volumes were valued at $81 billion in January before skyrocketing to $242 billion by December.

Assuming the same growth rate, dYdX expects total DEX volumes to reach $3.48 trillion in 2025.

DEXs have also become a popular venue for spot trading, more than doubling their spot market share from 9% to 20%, the report said.

While surging DEX volumes are a reflection of the crypto bull market, these platforms also attract users due to their low transaction fees and greater access to more speculative assets.

For example, DEX trading volumes on Solana have skyrocketed due to the memecoin frenzy. In early January, daily trading volumes on Solana-based DEXs exceeded Ethereum and Base combined.

US reporting requirements could push more users toward DEXs in the short term

Despite the inauguration of the pro-crypto Trump administration, certain reporting requirements affecting centralized exchanges in the United States may compel more traders to opt for DEXs.

Beginning this year, the US Internal Revenue Service will require centralized exchanges and other brokers to report digital asset transactions. The reporting rules will expand to DEXs in 2027.

While the IRS said this rule should help investors “file accurate tax returns” on their crypto, some industry participants view it as an overreach.

There’s a “real risk of pushing users toward decentralized platforms like Uniswap or PancakeSwap,” government blockchain expert Anndy Lian told Cointelegraph.

“While decentralized systems currently pose challenges for tax enforcement, advancements in blockchain analytics and potential regulatory developments by 2027 could change this landscape,” said Lian.

The IRS’ reporting rules have faced heavy opposition from the crypto industry, with the Blockchain Association suing the tax agency in December. According to the lawsuit, the IRS has overstepped its statutory authority and has violated the Administrative Procedure Act.

 

Source: https://cointelegraph.com/news/dex-derivatives-market-forecast-double-2025-dydx

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j