ASTER token rallies as privacy-preserving native blockchain powering DEX mainnets

Aster, the perpetuals DEX supported by Changpeng Zhao’s family office YZi Labs, has launched its native privacy-enabled Layer 1 blockchain. The chain aims to counter the DeFi "transparency trap" by using zero-knowledge encryption and a Stealth Address Mechanism to achieve CEX-level performance, targeting 50ms block times and 100,000 transactions per second with zero gas costs. Aster Chain defaults to optional secrecy, allowing transactions to remain verifiable on-chain while protecting trader privacy from competitors, which CEO Leonard stated is crucial for a fair market. Following the announcement, the ASTER token increased by as much as 8%. The chain supports cross-chain deposits from BNB Chain, Arbitrum, Ethereum, and Solana, with features like public staking for ASTER holders rolling out soon.

(Source：The Block)