ASTER Token Drops 25% as BitMEX CEO Warns on Perp DEX Hype
The cryptocurrency market shows signs of recovery, but Aster token from the perpetual decentralized exchange (perp DEX) has experienced a 25% decline over the past week, now trading at approximately $1.7.
- BitMEX CEO Stephan Lutz criticizes the sustainability of popular perp DEXs like FTX and Bybit, suggesting their incentive-driven models are unsustainable.
- Despite this, perp DEXs have seen significant growth, with DeFiLlama reporting nearly $95 billion in 24-hour trading volume, a 40-fold increase over the past year.
- New entrants like Lighter and edgeX are joining the space, while Tron founder Justin Sun plans to launch a new DEX.
- Lutz warns that short-term incentives resemble "pump-and-dump schemes" lacking long-term liquidity.
- Some analysts predict perp DEXs could achieve $20–30 trillion in annual volume if central exchanges lose favor.
Subbd's Rise in the Content Subscription Sector
While perp DEX tokens remain volatile, Subbd is gaining traction by targeting the $85 billion creator economy through an AI-driven, tokenized platform.
- Subbd offers Web3 automation tools for creators, enhancing content delivery and fan interaction.
- Its Ethereum-based token, SUBBD, provides access to premium content and staking rewards.
- The ongoing presale has raised $1.22 million, with a current price of $0.056575 per SUBBD token.