Astros Introduces Continuous DEX on Sui Amid Competition for Trillion-Dollar Derivatives Market (24 Oct)

Launch of Astros Perpetual DEX: Astros has launched its perpetual decentralized exchange (DEX) on the Sui network, which has reached a total value of $2.6 billion, aiming to compete in the rapidly growing DeFi sector where perpetual futures now dominate crypto trading.

Growth of Perpetual DEXs: Perpetual DEXs have significantly increased their market share in crypto-derivatives, now accounting for 26% of the market with a monthly trading volume of $1 trillion, highlighting the competitive landscape among major blockchains to establish flagship DEXs.

Integration with NAVI Protocol: Astros DEX is built on Sui and integrates with NAVI Protocol's $1 billion lending capital, creating a self-reinforcing ecosystem that enhances liquidity for traders and provides stable yields for lenders, moving beyond traditional speculative models.

Ecosystem Maturity for Sui: The launch of Astros signifies a shift in Sui's DeFi ecosystem towards a more integrated financial infrastructure, connecting trading, lending, and liquidity provision, which is expected to define Sui's role in the future of decentralized finance.