Key Notes

ASTER token plunges 25% in a week despite a trading volume surge.

BitMEX CEO calls perp DEX incentive models “pump-and-dump schemes”.

Competition intensifies with the arrival of new entrants in the Perp DEX space.

While the broader cryptocurrency market appears to be recovering this week, the perpetual decentralized exchange (perp DEX) Aster token has seen a drop in demand.

ASTER declined 25% in value over the past week, facing a 6% daily drop and trading around $1.7.

This price drop comes as BitMEX CEO Stephan Lutz warns that the frenzy around popular perpetual DEXs like FTX and Bybit may not last long. He argued that their incentive-driven models are “too fragile to endure.”

According to Lutz , these platforms lure users with aggressive token rewards and fee rebates, cr

See Full Page