Aster Chain, led by CEO Leonard Aster, is entering the testing phase, aiming to rival Hyperliquid in the DeFi derivatives market with privacy-focused features. The chain uses zero-knowledge proofs for transparency and privacy balance, evolving from a multichain DEX to compete in the growing decentralized derivatives sector. CEO confirms internal testing of the new privacy-focused Layer-1 blockchain, addressing key issues in DeFi derivatives trading. By leveraging zero-knowledge proofs, Aster Chain aims to provide trade privacy while ensuring verifiability, reducing market manipulation concerns. Originally a multichain liquidity aggregator, Aster DEX is now shifting to build a dedicated Layer-1 chain for derivatives trading, reflecting the dominance of derivatives in the crypto trading landscape. Unlike Hyperliquid, Aster Chain focuses on privacy and compliance, targeting institutional players with verifiable but non-public trades. Backed by YZi Labs, PancakeSwap, and Binance co-founder CZ, Aster Chain aims to capture a share of the $2 trillion derivatives market with institutional-grade privacy features.

Read more at Yahoo Finance: Aster CEO Confirms Aster Chain Rollout, Now in Testing Phase