Just In: Aster Captures $14.3M in Fees in 24 Hours, Overtakes Circle and Uniswap

The post Just In: Aster Captures $14.3M in Fees in 24 Hours, Overtakes Circle and Uniswap appeared first on Coinpedia Fintech News

Aster, a decentralized exchange operating across multiple blockchains, recorded $14.33 million in fees over the past 24 hours. This performance made it the second-highest earning protocol during the period, behind only Tether. Tether, known for issuing the USDT stablecoin, led the rankings with $22.18 million in daily fees, maintaining its position as the top-earning protocol among more than 1,000 tracked projects.

Aster Collects $14.33 Million in Fees 

Aster has now surpassed crypto giants like Circle and Uniswap, which collected $7.7 million and $4.19 million in fees in daily earnings, respectively. This suggests massive trading volume in Aster with strong user adoption for its innovative features as a next-generation decentralized perpetual exchange (DEX). This surge is also partially driven by whale accumulation and the ongoing talks of Mr Beast buying $ASTER. 

Aster protocol earns fees by charging users a small percentage on their trading activity in a decentralized exchange. It offers a low maker’s fee of 0.01% and taker fees at 0.035% with additional fee reductions. 

Aster’s native token ASTER is currently trading at $1.92 with a market cap of $3.185 billion, showing steady market progress. 

Top 10 Protocols in Fee Earnings

1. Tether- $22.18 million 

1. Aster- $14.33 million 

1. Circle- $7.7 million 

1. Uniswap- $4.19 million

1. edgeX- $3.69 million

1. Aave- $3.01 million

1. Lido- $2.62 million

1. Pump- $1.87 million

1. Meteora- $1.68 million

1. Hyperliquid- $1.17 million 

What’s Next? Aster Increases Rh Points 

Aster announced that it has redesigned Stage 2 of the Rh points program. The platform has increased the Rh points by 10 times more than before, for traders who hold their positions longer on the platform. This approach is not only an incentive for holders, but it is also a smart play for the platform itself. By rewarding the traders, it aims to secure the long-term holders.  

The trading volume score, holding time score. asset utilization score, realized PnL score, and referral & team points will contribute to this Rh point. In a blog post, Aster said, “The higher the trading volume on Aster Pro, the more Rh points there are.” 

Source: https://coinpedia.org/uncategorized/just-in-aster-captures-14-3m-in-fees-in-24-hours-overtakes-circle-and-uniswap/