Aster DEX Explained: 1001x Perps, Hidden Orders, Stock Perps, Tokenomics - Coin Bureau

This in-depth review by Coin Bureau examines Aster, a multi-chain decentralized perpetual exchange that has rapidly gained traction in the DeFi derivatives space.

Aster combines professional-grade perpetual futures trading with innovative features like hidden orders, MEV-aware routing, and yield-bearing collateral across multiple blockchains. The platform offers two distinct modes: Simple (with up to 1001x leverage) for streamlined execution and Pro for advanced trading tools. Backed by YZi Labs and endorsed by Binance founder CZ, Aster has quickly overtaken Hyperliquid as the largest perps DEX by trading volume, processing $42.88 billion in 24-hour volume compared to Hyperliquid's $4.61 billion.

• Multi-chain support across BNB Chain, Ethereum, Solana, and Arbitrum with both crypto and stock perpetuals
• Hidden order functionality and MEV protection to reduce front-running and sandwich attacks
• Yield-bearing collateral options like asBNB and USDF that generate returns while posted as margin
• Competitive fee structure starting at 0.01% maker and 0.035% taker fees with ASTER token discounts