Sky-high TVL for Astherus reaches an unprecedented $137M, propelled by Perps exchange
In the ever-evolving world of decentralised finance (DeFi), Astherus, a unique liquidity hub for liquid staking tokens (LSTs) and liquid restaking tokens (LRTs), has made a significant impact.
Astherus' perpetuals exchange, the most sought-after product, allows users to trade popular markets using LSTs, LRTs, and other tokens as collateral. This innovative platform has propelled Astherus into the top 10 derivative protocols in DeFi.
The past three weeks have seen a remarkable surge in Astherus' total value locked (TVL), soaring over 350% to a record $137.3 million. This growth has been driven by the support of tokens such as SlisBNB, STONE, CAKE, JLP, PUMPBTC, LISTA, BTCB, SOLVBTC, WBETH, USDT, and ETH.
SlisBNB, a representation of BNB staked via Lista, and STONE, a yield-bearing liquid staking token backed by Ethereum, are among the most commonly deposited tokens.
Astherus' proprietary yield tokens, USDF and asBTC, have also reached record levels in value. USDF's TVL currently stands at nearly $12 million, while asBTC's TVL is $5.6 million.
The derivative sector has experienced a similar surge, with its TVL doubling to a record $7.1 billion in the past two months. This growth is attributed to platforms like Hyperliquid, Synthetix v3, Jupiter, and Drift Trade.
Astherus' perpetuals exchange is available on three chains: BNB Smart Chain (BSC), Ethereum, and Solana. Notably, BSC hosts over $95 million in TVL, followed by Ethereum with $12 million.
Recently, Astherus secured support from Binance Labs, further bolstering its position in the DeFi landscape. The project also plans to launch a native layer 1 chain supporting multi-asset staking and using BNB as gas fees.
As always, for the latest updates on Astherus' development and strategic plans, it is recommended to check their official website, social media channels, or announcements on blockchain-focused news platforms.
- The surge in Astherus' total value locked (TVL) has not only catapulted it among the top 10 derivative protocols in DeFi, but has also attracted the attention of the technology and finance industries, spurring discussions about its potential to revolutionize decentralized finance (DeFi).
- In the burgeoning world of decentralized finance (DeFi), where news of growth and innovation in the industry abound, Astherus' proprietary yield tokens, USDF and asBTC, have made headlines in finance and technology publications, owing to their record-breaking values.
