Aster DEX updates perpetual contract tick size to cover more short-term trading strategies

Source Cryptopolitan

Aster DEX, the BNB chain-based decentralized exchange, announced an adjustment to its ARUSDT perpetual contract tick size that went live at 09:00 UTC Monday.

According to the perpetual and spot crypto trading platform’ statement on X, the minimum price increment that was previously set at 0.01 will now change to 0.001. The DEX also confirmed the adjustment “will not affect existing open orders.”

The new 0.001 tick could help traders set orders at finer levels, improving entry and exit accuracy and during market conditions that limit them to tighter spreads. For example, a trader previously limited to placing an order at $1.10 can now place it at $1.101 or $1.102, imperative for executing short-term trading strategies.

Aster changes tick size as stage 4 harvest begins

The tick size update comes on the heels of Aster DEX entering Stage 4 of its Dawn program, known as Aster Harvest, after Stage 3 officially ended at 23:59 UTC on Sunday. 

The upcoming harvest stage introduces 1.5% of the total ASTER supply, distributed evenly in six weekly epochs, with 0.25% allocated per week. Airdrops from Stage 3 will become claimable later this month, with the checker opening December 1 and claims starting December 15. Stage 4 concludes on December 21, at 23:59 UTC.

New features in Stage 4 include ASTER being eligible as a margin asset, alongside an Aster Asset Points system that accounts for ASTER, asBNB, and USDF holdings. Using $ASTER as perpetual collateral grants extra points. 

Selected perpetuals also benefit from a higher leverage ceiling, reaching up to 300x. Fee buybacks and token burns will continue, and users paying fees in ASTER receive a 5% discount, and points can also be earned across perpetual and spot trading on the platform.

Aster CEO Leonard Aster is scheduled to join Ember Aster for a live Ask-Me-Anything session at 1 PM UTC on November 10. The discussion will cover AsterChain’s roadmap and the exchange’s future plans.

“We are excited to charge forward, & help lead the next generation of BUILDers to build the future of blockchain and finance on AsterChain; providing exciting opportunities for the community, ASTER holders & builders alike,” the Aster Build team wrote on Monday.

Aster reclaims $1.10 price level after Coinbase roadmap listing

The DEX token has posted a strong performance in the last 24 hours, rising 2.35% in 24 hours, which is just slightly under the broader crypto markets’ 3.7% uptick during the same period. Over the past week, ASTER climbed 11.2%, realized after Coinbase’s November 9 announcement that the token was added to its asset roadmap, causing a 3.5% price spike in the day.

Cryptopolitan reported that Coinbase is considering adding the Changpeng Zhao-touted token’s trading pairs after a thorough vetting process, although the listing is not guaranteed, and neither was the listing date confirmed.

According to DefiLlama stats, Aster DEX’s perpetual futures volumes reached approximately $11.94 billion, while spot trading accounted for $38.17 million in the last 24 hours. The platform’s cumulative perpetual volume exceeds $509 billion, with cumulative spot trading surpassing $12.7 billion.

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Disclaimer: For information purposes only. Past performance is not indicative of future results.
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