Aster launches privacy-focused Layer 1 for perpetual trading as ASTER token jumps 8%

Aster has launched the mainnet of Aster Chain, a privacy-focused Layer 1 blockchain designed to address transparency issues in DeFi perpetual trading. The chain incorporates built-in zero-knowledge encryption, allowing traders to use one-time stealth addresses to execute transactions, thereby breaking the link between wallet identities and trading activity by default. This aims to protect traders from exploitation via predatory strategies like front-running and MEV extraction, while still allowing optional, selective disclosure via a viewer pass system. The launch, which is the first phase of a rollout that will include staking and ecosystem expansion, saw the ASTER token jump by about 8%. Aster, backed by YZi Labs (the family office of Binance founder Changpeng Zhao), already processes significant daily trading volume in the perpetual DEX market and claims high performance metrics, including 50 millisecond block times and over 100,000 TPS, while supporting cross-chain deposits from major networks.

(Source：Crypto Briefing)