Key Takeaways:
Trust Wallet, the popular non-custodial wallet in the Binance ecosystem, is lining up a major feature boost: perpetual (perp) trading thanks to Aster DEX. The integration will enable users to have professional-level derivatives trading built right into their wallet. This is an aggressive move to bring leveraged crypto trading to the masses while also competing with existing leaders in the decentralized derivatives arena.
Trust Wallet has long been a solution as a secure, user-friendly option for storing, sending, and staking digital assets. With the addition of perp functionality, the wallet moves into a new era where storage and active trading converge.
Instead of toggling between multiple exchange and wallet interfaces, traders will be able to execute leveraged trades from the comfort of their wallet app. For Trust Wallet’s millions of users, this reduces friction and simplifies the on-chain trading experience.
Aster DEX, the power behind the integration, has made comparable partnership announcements already, such as with SafePal for access to over 25 million users. The integration of Trust Wallet will exponentially expand the reach of decentralized derivatives.
Read More: Trust Wallet Launches Game-Changing Trust Wallet Token Loyalty Program to Power Web3
Aster is a native top-level network, such as Ethereum, BNB Chain, Solana, and Arbitrum, without cross-chain bridging, which is risky.This results in an increase in speed of trade and reduced surface area to exploit by attackers.
Front-running and slippage are constant issues in DeFi. Aster’s hidden order system conceals order direction and size until execution, enabling traders to protect their strategies and avoid manipulation by MEV bots.
Read More: Justin Sun’s New Perp DEX – SunPerp Hits 3,000 Users Without Marketing
Rather than having margin sitting idle, traders are able to utilize assets such as asBNB or USDF as collateral while also generating yield. The type of design allows a capital efficiency and this may be attractive especially to professional traders with large positions.
The Aster fees will be lower than centralized exchange fees:
This renders the platform competitive not only against other DEXs, but large centralized exchanges too.
With the decentralized perp, Hyperliquid has the strongest liquidity and healthy volumes that trade daily. Close competition is based on Aster, which is based on multi-chain infrastructure and more recently the major wallet integrations.
Aster’s volume is growing exponentially but remains behind Hyperliquid in absolute terms. But the Trust Wallet integration can have a massive user funnel impact, which can possibly reverse liquidity flows in its favor.
Despite its positives, Aster is not immune to criticism. It is reported that approximately 96% of ASTER tokens are held in just six wallets. This is a warning of decentralization, liquidity manipulation and governance risk.
Speculation about dumping of ASTER tokens has also been made online; this also contributes to community suspicion. Honesty with tokenomics will be central in case Aster wants to maintain the credibility and lower reputational risk.
The post Trust Wallet to Introduce Perps with 100+ Markets & Up to 100x Leverage through Aster DEX appeared first on CryptoNinjas.
Also read: Hyperliquid Debuts Stablecoin USDH as Rivalry With Aster DEX Heats Up
