Aster Dex has completed compensation for users affected by the unusual price movement of XPL’s permanent trading pairs.
The decentralized exchange grew as a careless market rival to high lipids, defended by Binance founder Changpeng Zhao, when DEX was carried out in the BNB chain.
Aster compensates traders after an unusual XPL price fluctuation incident
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Aster reassured the community that all affected accounts received direct USDT refunds and compensated users affected by the unusual XPL price movement.
“XPL PERP incident compensation is now fully distributed. All affected users are receiving direct account refunds at USDT. We appreciate your patience and understanding throughout this process,” Astor said.
Earlier this week, Astor detected unusual behavior in a permanent XPL contract, prompting the exchange to pause activity and pledge to protect users.
Community reports suggest that the incorrectly set index caused confusion. According to on-chain analyst Abhi, the index price was hard coded at $1, but the mark price was around $1.22.
If the cap was lifted without modifying the index, Aster’s price surged to almost $4, even if other exchanges remained stable at around $1.3.
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The result was a sudden wick, and I temporarily frozen my trading chart before returning to a more realistic level.
Several traders were liquidated during the move, but Aster quickly pledged a full refund.
“The issue of XPL’s permanent trading pairs has been completely resolved. All users who are liquidated during this period will be liquidated directly into the USDT wallet and refunded directly within the next few hours,” Aster clearly explains.
Although Aster moved quickly to restore trust, the incident underscores the risks still present in decentralized derivatives transactions. It indicates that configuration errors can be costly confusion in the spiral.
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Nevertheless, prompt refunds for exchanges have been well received, with affected users reporting that their funds have recovered within hours. However, some still accused of losing trading points.
“Compared to yesterday, why am I trading points above 100,000? Can I deduct the points? Why?” lamented one user.
The incident reflects that even the rapidly growing exchange remains vulnerable to operational defects.
Aster market growth outweighs its rivals
Despite the technical hiccups, Aster continues to post impressive growth numbers. According to Dune Analytics, Aster has generated $16.3 million in daily trading fees over the past 24 hours. That’s more than three times more than Hyperliquid’s $4.9 million.
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User recruitment is also accelerating. Aster currently reports more than 2.57 million traders, with nearly 468,000 new accounts added in the last 24 hours alone.
Such growth suggests that permanent demand on the chain remains strong even in the face of occasional disruptions.
In addition to momentum, Aster’s native token whales’ activity is attracting attention. Market analyst Mario Nawfal said one large owner has recently accumulated 55 million aster tokens, worth around $115 million over two days.
That level of belief has fueled speculation about insider’s confidence in the platform’s trajectory, even if the XPL incident temporarily shattered trader sentiment.
