Why is ASTER losing trust despite CZ's support?

Good morning friends, how are you all? Greetings and best wishes to all. I hope you are well. As life goes on, we all have our ups and downs. So before I get into today’s discussion, I would like to know, how is your day going?

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Today I would like to share my thoughts on a new crypto project, ASTER, and its recent market volatility. ASTER, a token for a decentralized perpetual exchange, has recently faced some downfall. Although it initially gained good traction after its launch and has the support of Binance founder Changpeng Zhao (CZ), there has been some skepticism in the market. ASTER’s price has fallen by almost 20% from its September peak of $2.43 to $1.87.

There are a few key reasons behind this decline. The first reason is the skepticism among users about the performance and usability of the ASTER platform. Some investors have mentioned that ASTER feels a bit slower and less polished than other DEXs like HYPE. This is an important signal, as users who have used HYPE before are feeling a bit unsatisfied with ASTER. One investor expressed, “If you’ve used HYPE and then come to ASTER, you’ll understand. It’s slower, less polished, and feels a bit copy-paste. The more money I have there, the more risk it feels.”

The second reason is CZ’s mixed messaging. Although he has described ASTER as a complementary project to the BNB chain and has a partial investment through YZi Labs, some investors still feel that CZ is not fully supported. This kind of uncertainty has created a risk-off attitude among some users. Again, one user warned, “If CZ reduces its focus on this project, HYPE will easily take over.”

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Third, the competition is getting fiercer. Hyperliquid’s HYPE token is already a favorite among many users, and in some comparative terms, HYPE is ahead of ASTER. Despite ASTER’s rapid growth, users are expecting improvements in terms of performance, navigation, and platform polishing. It is clear that ASTER’s long-term success depends on its technical excellence and user satisfaction.

However, it is not all negative. ASTER’s fundamentals are still strong. Since launch, the platform has generated $82 million in fees and TVL has reached $701 million. These numbers prove that users have come to ASTER with considerable trust and wealth in a short period of time. This indicates that with proper development and maintaining user trust, ASTER’s market position can be further strengthened.

Looking ahead, ASTER can go in two directions. One side believes that it will be able to make a long-term impression on the perpetual DEX market. Others believe that it is still incomplete and over-hyped. What is clear is that competition, product improvement, and user trust will determine ASTER’s success.

Friends, In my personal observation, there is an emerging project with ester capacity. However, the team's continuous development and transparency is necessary to attract the attention of the market and maintain the user trust. Despite the support of CZ, the long -term impact of the project will largely depend on its technical aspects and user experience.

Finally, I would like to repeat everyone - the ups and downs in the market are natural. It is very important to maintain your own research, observation and patience while investing in a new project like Aster.