Keynote
- Aster Token plunges 25% in a week despite a surge in trading volume.
- Bitmex CEO calls the DEX Incentive model a “pump and dump scheme.”
- The competition intensifies with new entrants coming into the Perp Dex space.
The broader cryptocurrency market appears to be recovering this week, but demand for the Persistent Decentralized Exchange (PERP DEX) Aster Token is declining.
Aster has lost 25% value over the past week, facing a 6% drop every day, trading around $1.7.
This price drop comes as Bitmex CEO Stephan Lutz warns that the frenzy over popular and eternal Dexes like FTX and Bybit may not last long. He argued that their incentive-driven models were “unbearable and unbearable.”
According to Lutz, these platforms will lure users with aggressive token rewards and fee rebates, creating a short-term boom rather than sustainable liquidity.
Intensifying competition in the Perp Dex race
In recent months, Perp Dexs has been attracting a lot of attention, with the platform competing to attract traders through rebates, token incentives and faster payment times. Aster overtook high lipids in a 24-hour trading volume last week, sparking a full-scale arms race among many.
According to Defillama, 24-hour PARP trading volume across major platforms is around $95 billion. This figure has skyrocketed about 40 times over the past year, indicating the rapid growth of the sector.
perp dex volume | Source: Defilama
Competitors like Lighter and Edgex also come in a fair amount of space. Meanwhile, industry figures have doubled as Tron founder Justin Sun recently announced plans to launch a new Dex.
Pump and dump scheme or trillion dollar future?
Still, Lutz believes these businesses will not survive in the long term. He calls the incentive structure a “pump and dump scheme,” warning that short-term token rewards keep high volumes but not permanent liquidity.
But not everyone agrees. Analysts argue that Perp Dexs could become extremely popular in the future, especially if the transition away from centralized exchange grows. Some forecasts suggest that annual PERP DEX volumes could reach $20-30 trillion within five years if adoption continues.
Bitmex co-founder Arthur Hayes recently liquidated the $5.1 million position on September 22nd, predicting a price rally of 126 times the hype before turning into the new Crypto Coin Aster.
Reshaping content subscriptions in sub-BD using ai
While Perp Dex Tokens continues to face volatility, SubBD is quietly gaining momentum in its content subscription space. The project targets a $85 billion creator economy and introduces an AI-driven, tokenized platform designed to strengthen the relationship between creators and viewers.
SubBD equips creators with Web3-powered automation tools to streamline content delivery, providing fans with access to exclusive, interactive experiences that go beyond traditional subscriptions.
Subbd Token Details and Live Pre-Sales
At the heart of the SubBD ecosystem is its Ethereum-based token, SubBD, which unlocks premium content, staking rewards, and advanced AI capabilities across the platform. Token holders can bet on SubBD to access perks such as private live streams, behind-the-scenes updates, and special content drops.
Pre-Sale Snapshot:
- Current price: $0.056575
- Amount raised: $122 million
- Ticker: subbd
- Blockchain: Ethereum
Presale has already attracted investors’ interest and has raised $1.22 million so far. In just two days before the next price rises, SubBD has positioned itself as one of the more promising early stage crypto projects in the market.
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Disclaimer: Coinspeaker is committed to providing fair and transparent reporting. This article is intended to provide accurate and timely information, but should not be considered financial or investment advice. Market conditions can change quickly, so we recommend that you review your information yourself and consult with an expert before making a decision based on this content.
A crypto journalist with over five years of experience in the industry, Perth has worked with leading media outlets in the Crypto and Finance world, gathering experience and expertise in this field after surviving the bear and bull market for many years. Perth is also the author of four self-published books.
Parth Dubey on LinkedIn