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From MrBeast to DeFi, Aster Sees Strong Gains with $30M in Fees
['Wahid Pessarlay', 'Parth Dubey', 'Godfrey Benjamin', 'Zoran Spirkovski']
News Archives - Coinspeaker
The DEX collected over $30 million in fees, thanks to the $87 billion trading volume.
Aster, a derivatives decentralized exchange, is showing signs of a potential breakout amid a huge purchase from YouTuber MrBeast and surpassing all protocols in terms of 24-hour fees.
The price hike comes as Aster, which is backed by Changpeng Zhao’s YZi Labs, recorded an $87 billion derivatives trading volume, according to data from CoinMarketCap.
Following the massive trading volume, Aster collected roughly $30 million in 24-hour fees, surpassing stablecoin leaders like Tether and Circle, which collected $22.2 million and $7.7 million in fees, respectively, according to DefiLlama.
He bought the assets for over 320,000 USDT, and currently has a total of 705,821 ASTER, worth roughly $1.3 million.