The derivatives of the BNB chain decentralized exchange (DEX) completed the reimbursements to traders injured by a perpetual plasma market problem (XPL) which briefly led prices above market levels.
According to Abhishek Pawa, CEO of the collective web3 AP agency, the question stems from an index poorly designed at $ 1. With the brand price ceiling raised before the fix, the term contracts on Aster increased to almost $ 4 while other sites remained $ 1.30.
The sudden gap of Friday prices sparked unexpected liquidations and abnormal costs of costs, causing losses to users. However, the platform moved quickly, ensuring its users that all funds were safe and promising to compensate them for any loss.
A few hours later, the DEX said that the incident’s reimbursements had been entirely distributed to their accounts. Shortly after, Aster deployed another remuneration cycle, including negotiation and liquidation costs.
Aster sends Perps trading to a daily record of $ 100 billion in volume
Meanwhile, ASTER supported its rapid growth this week, which led to $ 104 billion at $ 104 billion, marking a fourth consecutive day of records records.
Defilma showed that ASTER had recorded $ 46 billion in volume on Friday, eclipstating its lighter and hyperliquid competitors, which both experienced solid performance of almost $ 19 billion and $ 17 billion, respectively.
The overvoltage of Aster’s volume began on Wednesday, exceeding its strongest competitor, hyperliquid, with a negotiation volume of almost 25 billion dollars. At the time of writing the editorial staff, Correglass showed that Aster’s open interests were $ 1.15 billion.
While Aster’s metrics have continued to increase, community members expressed their concerns about potential risks for merchants.
A member of the community expressed skepticism about the volume of trading on Aster, raising air incentives for the use of the platform. Another user has urged traders to withdraw their trades, saying it is easy to lose money at this stage.
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What is the XPL token?
XPL is the native plasma token, a layer of layer 1 optimized for stablecoins. The network offers zero attachment transfers (USDT) and EVM compatibility for smart contracts and is supported by the venture capital Peter Thiel and the CEO of Tether Paolo Ardoino.
The network recently gained ground in the DEFI ecosystem. Friday, the loan markets of the USDE of Ethena on Aave via plasma reached their initial supply ceilings of $ 1 billion in the hours following the launch, reporting a high demand for the stable synthetic dollar on the plasma.
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