Key Takeaways:
Aster Chain, a Layer 1 network designed for derivatives trading, processed 100 million blocks in under two months from its mainnet launch, while its native decentralized exchange, Aster DEX, crossed 16 million registered users.
The milestone, reported by Blockonomi on May 3, reflects significant on-chain activity and adoption, driven by the network’s high-speed architecture. "The 100 million block count reflects extremely high block production speed and real-world activity," a post on X by @davidbnb68 noted, highlighting the core infrastructure behind the platform's growth.
Data shows the network operates with a 50-millisecond block time, enabling it to handle a high throughput of transactions in a gas-free and private environment. This speed has allowed Aster DEX to record over $4.49 trillion in total trading volume with open interest currently sitting at approximately $2.1 billion, according to the report. The platform's structure is built to remove the typical friction and costs associated with high-frequency derivatives trading on other blockchains.
The rapid growth in network and user metrics comes as Aster Chain rolls out new utility for its native ASTER token. Staking is now live on the network, with on-chain governance features expected to follow shortly. The project's roadmap includes further expansion into real-world asset (RWA) and stock perpetual markets, signaling a move to broaden its ecosystem for traders and token holders.
This article is for informational purposes only and does not constitute investment advice.
