Hello, my dear friends, how are you all? I hope everyone is well. Today I want to share with you very interesting news from the crypto market, which is really exciting. So stay with me.
[Photo collected by aster official x](https://x.com/Aster_DEX/status/1974792770020839627/photo/1)
Recently, a new platform called Aster has made a noticeable impact on the crypto market. Although the price has dropped slightly, its on-chain activity and volume have increased so much that it is understood that this is not just a short-term shake-up.
Aster's token recently rose to $2.27; now it has slightly decreased to around $2. But behind this slight decline is extraordinary activity. In September alone, the weekly volume exceeded almost $571 billion, far surpassing its main competitor Hyperliquid. In addition, Protocol Fees reached about $109 million, and TVL reached $2.3 billion.
According to DeFi Llama, Aster's weekly volume increased from 270 billion to 571 billion in just one month, which is almost more than 100%. On the other hand, Hyperliquid's activity and income have decreased significantly. With CZ’s support and fast trading technology, Aster has now established itself as the new center of the decentralized perpetual market.
[Collected by official x aster](https://x.com/Aster_DEX/status/1974758118656745837/photo/1)
Technically, the Aster is gradually recovering from its lower level of $ 1.50 on 1 October. After crossing $ 1.97 resistance, it is now above the 50-term exponential moving average, indicating a healthy and positive market. If the price is above $ 2.27, the next target is $ 2.42, which is its highest price.
So, in short, ester is not just a trend. It is setting a new standard in the Crypto market due to strong on-chain activity, natural volume and healthy market conditions. So this is an important aspect for those who are thinking of investing in Crypto. It is always intelligent to do your research well and make careful decisions.
How did you like this little news of mine? If you like it, then you must share your valuable feedback.
Visit Aster x:- https://x.com/aster_dex?lang=en
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