Chainfeeds Summary:
Aster entered the right track at the right time; Perp DEX is a market with clear vertical value.
Article source:
https://x.com/TechFlowPost/status/2038915939442577443
Article Author:
TechFlow TechFlow
Opinion:
Leonard: We chose "ninja" as the stylistic symbol for Aster's social media, not for its mystique, but for its extreme efficiency. Ninjas often possess immense power, but they are not noisy; instead, they exert influence through restraint and subtlety. For Aster, this spirit corresponds to doing more and talking less, prioritizing execution, and building trust through results. Specifically, in Aster's team style, I usually break down this core spirit into three levels: low-key and efficient. We don't pursue frequent exposure under the spotlight, but focus on quietly accumulating experience and delivering the most precise strikes. Internally, this means high-frequency and precise teamwork; externally, we always maintain restraint. Just like a ninja never announces before striking, but strives for precision in every attack. Continuous delivery, not excessive promises. Rather than flamboyant publicity, we prefer "direct results." We don't make promises lightly, but when we do, there will definitely be tangible output. Before making a promise, I ensure the team has the ability to deliver, rather than exchanging a vision for short-term attention. Execution first, results speak for themselves. At Aster, execution trumps rhetoric. We want all the team's energy focused on realizing the blueprint, rather than crafting rhetoric or cultivating a persona. To a large extent, the "ninja spirit" is not just a brand symbol, but the Aster team's true code of conduct. The peak growth occurred during the TGE period in September 2025. This peak was driven not by a single factor, but by the interlocking and interconnected results of multiple variables: precise product positioning, a well-thought-out token economic design, a clear and credible development roadmap, coupled with widespread support and dissemination from community users and industry opinion leaders, all contributing to the explosive growth of this phase. The real inflection point in growth occurred when Perp DEX's liquidity and product experience reached a level sufficient to compete with CEXs. The market has been searching for more transparent CEX alternatives, and this is the fundamental reason why Perp DEX took off. Furthermore, in the DeFi field, trust is crucial and hard-won. The endorsement from BNB Chain and CZ enabled us to complete the crucial bootstrap phase. Simultaneously, the team's long-term, dedicated efforts and continuous development laid a solid foundation for trust building. With trust as the cornerstone, user acquisition and conversion truly became possible. Of course, for Perp DEX in this cycle, airdrop incentives have become standard practice. However, airdrops are a double-edged sword: they can bring explosive user growth, but they also attract speculators who have no real need for the product itself. Without airdrops, at least in the initial stages, you might not even have a chance to compete. Therefore, I believe the key to effectively using airdrops lies in balancing the ratio of genuine users to "freebie hunters" and properly managing market expectations. All projects choosing to airdrop must plan ahead and have the ability to absorb the impact of TGE (Tencent's Energy Boost), because as farmers migrate, various data and revenue typically experience a sharp decline. I firmly believe that the only truly important metric is not the impressive surface numbers during the airdrop incentive period, but rather how much of the traffic attracted by the incentives ultimately converts into genuine users, generating sustainable revenue and retention. Therefore, our growth goal has always been clear: to come because of airdrops, and to stay because of the product. I believe that Aster Chain will strongly promote the substantial adoption of decentralized trading by institutions. The lack of privacy protection has always been a core obstacle preventing institutional funds from entering on-chain trading on a large scale. Now, with Aster providing a truly usable privacy trading solution, institutions will at least begin to try to move some of their trading to on-chain. The reasons for doing so are compelling: on the one hand, institutions want to diversify their asset allocation; on the other hand, more and more institutions actually believe that the future of trading ultimately belongs to DEXs, and they have just been waiting for a sufficiently mature solution. And now, Aster Chain is that solution. Finally, another important point worth noting is that through the collaboration between Aster Chain and Aster Code, developers and financial institutions can quickly deploy customized on-chain derivatives trading solutions. This means that Aster is not just a trading platform, but also an open infrastructure that can fully empower partners to build efficient, private, and competitive trading interfaces on the Aster chain, jointly expanding the boundaries of the entire ecosystem.
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