Aster DEX completed reimbursements to traders affected by a glitch in its XPL perpetual market. The misconfigured index caused prices to spike, triggering liquidations and fee charges. The platform quickly assured users of fund safety and distributed full reimbursements, followed by additional compensation for losses.

Aster’s trading volume hit $104 billion, setting a daily record of $100 billion. DefiLlama data showed Aster’s $46 billion volume on Friday, surpassing competitors Lighter and Hyperliquid. The surge started on Wednesday, with Aster surpassing Hyperliquid in trading volume and showing $1.15 billion in open interest on CoinGlass.

XPL is the native token of Plasma, a network optimized for stablecoins. Backed by Peter Thiel and Paolo Ardoino, Plasma offers zero-fee USDT transfers and EVM compatibility. Ethena’s USDe lending markets on Aave via Plasma reached $1 billion supply caps quickly, indicating strong demand for the synthetic dollar stablecoin.

Read more at Cointelegraph: Aster Reimburses Users After XPL Perp Glitch