Trader opens 20x long on 2,900 ETH at Aster DEX, gains $1M
Summary
Trader 0xd9A2 has opened a substantial 20x long position on 2,900 $ETH, valued at approximately $7.97 million, on the Aster DEX platform, resulting in over $1 million in unrealized profit and a remarkable 251.68% return. Aster DEX, known for its advanced automation tools such as Perpetual Grid 2.0, recently expanded its offerings to include a wider array of perpetual trading options and fees adjusted for various trading pairs, enhancing the trading experience for users like 0xd9A2.
Tokens
$ETH
Analysis
Aster DEX: Aster DEX is a decentralized perpetual exchange operating on its own Aster Chain Layer-1 blockchain, specializing in perpetual futures trading across crypto, pre-IPO markets, RWAs, equities, and other assets with features including privacy through ZK-encrypted orders and multiple collateral modes. It supports high-leverage trading with order book interfaces, grid strategies, and low fees such as zero maker fees on many pairs. The platform hosted the 20x leveraged ETH long position by Trader 0xd9A2, demonstrating its role in facilitating large on-chain derivative trades with significant unrealized gains. Trading Environment: Recent platform updates include expansions in RWA perpetual pairs and adjustments to fee structures tailored to different trading pair groups. Platform Capabilities: Aster DEX offers perpetual trading with advanced automation tools including Perpetual Grid 2.0 and support for diverse asset categories such as pre-IPO contracts.
Categories
cryptoperpsethereumai_agentshyperliquiddefitech
Related sources
- https://docs.asterdex.com/trading/perpetuals/fees-and-specs/fees
- https://docs.asterdex.com/program-and-rewards/vip-program
- https://docs.asterdex.com/trading/perpetuals/single-asset-mode-and-multi-asset-mode
- https://docs.asterdex.com/trading/perpetuals/grid-2.0/liquidity-pool-mining
- https://docs.asterdex.com
- https://perpfinder.com/perps/aster
- https://asterdex.com/
- https://docs.asterdex.com/trading/perpetuals/dividend-introduction-for-equity-perpetual-futures
- https://docs.asterdex.com/overview/what-is-aster.md
- https://docs.asterdex.com/trading/perpetuals/pre-ipo-perpetuals
- https://docs.asterdex.com/usd1-rwa-boost-phase-1/usd1-rwa-boost-phase-1
- https://x.com/i/status/2106007973348946412
- https://x.com/i/status/2106008127162446314
- https://docs.asterdex.com/trading/perpetuals/grid-2.0
- https://docs.asterdex.com/trading/perpetuals/pre-launch-contracts
- https://www.asterdex.com/en/announcement
- https://x.com/i/status/2106007823733735665
- https://cryptonews.com/reviews/aster-dex-review/
- https://x.com/i/status/2106007957896929713