Astros launches on Sui, joining the Perp DEX race worth 1 trillion USD

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The new decentralized trading platform (DEX) named Astros has officially launched on the Sui blockchain, where the total value locked (TVL) has just surpassed 2.6 billion USD. Astros is joining the booming perpetual DEX (perpetual DEX) race, with a total trading volume exceeding 1 trillion USD in the past month.

Derivatives DEXs like Astros allow trading of perpetual futures contracts (perps) – a product that was pioneered by BitMEX in 2016 – and currently accounts for up to 26% of the crypto derivatives market.

According to Astros representatives, the project is not just a new derivative DEX but also “builds a liquidity platform to establish Sui's position in the next DeFi era.”

SUI-6.46%
PERP-10.22%
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