Aster launches privacy-focused Layer 1 for perpetual trading as ASTER token jumps 8%

Aster has launched the mainnet of its privacy-focused Layer 1 blockchain, aiming to address one of DeFi’s biggest structural weaknesses, transparency. The ASTER token rose about 8% following the announcement but has since retraced some of those gains, trading near $0.77 at press time.

The decentralized perpetual futures exchange, backed by YZi Labs, introduced Aster Chain with built-in zero-knowledge encryption that allows traders to execute transactions through one-time stealth addresses. The design breaks the link between wallet identities and trading activity, making positions invisible to other market participants by default.

Alongside the launch, Aster described the release as the beginning of a phased rollout, starting with “Chain Genesis” and followed by partnerships, public staking for ASTER holders, and broader ecosystem expansion. In a post on X, the team framed the product around privacy-first trading, writing that transactions settle on-chain but remain hidden from public view, with optional disclosure through a viewer pass system.

Chief Executive Officer Leonard said the goal is to eliminate a key vulnerability in onchain markets, where full transparency can expose traders to exploitation.

The launch comes as decentralized derivatives markets scale rapidly. Trading volume across perpetual DEX platforms reached roughly $14 trillion as of March 2026, according to DefiLlama data, up sharply from the prior year as users shift away from centralized exchanges toward onchain alternatives.

Aster is already among the largest players in that market, processing around $3.2 billion to $3.3 billion in daily trading volume. It sits behind market leader Hyperliquid, which handles roughly $8.4 billion in daily volume, but ahead of a growing field of competitors racing to capture market share.

The push toward privacy reflects rising concerns among traders about predatory strategies enabled by transparent blockchains. Techniques such as front-running, position hunting, and MEV extraction have become widespread.

Aster’s architecture aims to remove that edge by hiding positions at the base layer while still allowing selective disclosure through a viewer pass system. This lets users reveal information when needed for compliance or settlement without exposing full trading activity.

The chain also emphasizes performance, claiming 50 millisecond block times, throughput above 100,000 transactions per second, and zero gas fees. That places it among the fastest networks in the sector, exceeding the performance benchmarks typically associated with networks like Solana.

YZi Labs, the family office of Binance founder Changpeng Zhao, backs the project, giving it access to capital and ecosystem connectivity. At launch, Aster supports cross-chain deposits from major networks including Ethereum, Arbitrum, Solana, and BNB Chain, positioning it within the core liquidity hubs of DeFi.