Decentralised exchanges: Binance founder, CZ’s, new focus - Aster

Decentralised exchanges: Binance founder, CZ’s, new focus - Aster

Decentralised exchanges are peer-to-peer networks in which traders gain access to one another without an underlying centralised mediator - these platforms operate on the basis of smart contracts (self-executing computer code that is installed on blockchains) to control the execution and settlement of orders. Worthy of note is that DEX trading volumes are significantly growing, achieving approximately $412 billion in average monthly trading volume in 2025 and marking a 37% increase year-on-year. The launch of Aster, a new perpetual decentralised exchange (DEX), backed by YZi Labs and Binance co-founder, CZ, has added attention to this space. However, this swift increase in the number of tokens and the promotion of the project by CZ has raised doubts regarding the importance of this project and the larger purpose of decentralised trading.

CZ launches Aster a new DEX

Source: X

In contrast to centralised exchanges (CEX)s (e.g. …