What happened?
The ASTER price prediction action rose by 38% to $2.26 following Trust Wallet’s announcement of an integration with Aster DEX for perpetual contracts trading. This partnership grants over 100 million Trust Wallet users access to over 100 markets with up to 100x leverage, while still retaining control of their private keys. Additionally, the advent coincided with Aster Protocol generating $8.56 million in revenue within a 24-hour parameter, topping Circle’s $7.72 million and coming in second only to Tether among crypto protocols.
Who does this affect?
This development directly impacts Trust Wallet’s user base, which is estimated to be over 100 million. These users now have access to a wider range of markets with increased leverage, all while maintaining ownership of their private keys. Simultaneously, it significantly benefits ASTER through the integration as the wallet falls under the portfolio companies of Binance co-founder CZ’s YZiLabs. Lastly, it affects existing giants in the crypto protocol industry like Circle as Aster’s daily revenue generation has surpassed it.
Why does this matter?
The integration of Aster DEX into Trust Wallet signals a considerable shift in the market, positioning Aster DEX within an evolving ecosystem of wallet-embedded trading solutions. It also implies a substantial competitive advantage for ASTER, given that Trust Wallet carries the backing of notable entities in the cryptocurrency sphere. Furthermore, it indicates a potential upward trajectory for ASTER’s financial performance, already evidenced by its recent revenue surpassing that of established protocols like Circle and nearing Tether.