Aster News Today: DeFi Competition Heats Up: Incentivizing Liquidations to Draw in Traders

Bitget App

Trade smarter

Bitget

News

Markets

Aster News Today: DeFi Competition Heats Up: Incentivizing Liquidations to Draw in Traders

Bitget-RWA2025/11/19 12:28

By:Bitget-RWA

- Aster, a decentralized crypto exchange, launched "Machi mode" to reward traders with points for liquidations, embracing risk-taking culture. - Competitor Hyperliquid slashed taker fees by 90% via HIP-3 "growth mode," targeting liquidity providers and challenging centralized exchanges. - Both strategies reflect DeFi's arms race to attract traders through gamification (Aster) and technical efficiency (Hyperliquid), blurring financial utility with community identity. - Traders praised Aster's "failure-as-fe

Aster, a decentralized crypto exchange, has introduced "Machi mode," a unique addition that gives traders points when their positions are liquidated—an approach that openly celebrates the high-risk, unpredictable nature of crypto trading. This new feature, which will go live next week,

makes a direct nod to Machi Big Brother

(Jeffrey Huang), a well-known trader famous for his repeated liquidations, making him an unexpected figurehead in the space. The announcement on X stated: "You earn liquidation points for getting rekt," prompting one commenter to joke, "only in crypto do liquidations become a selling point"

as reported

Machi Big Brother's impact is intentional.

Blockchain data shows

from Lookonchain that he has been liquidated 71 times since November 1, far exceeding others like James Wynn (26) and Andrew Tate (19). In crypto communities, such rankings are often worn as a mark of pride, reflecting the culture's embrace of risk. Aster is tapping into this mindset,

turning losses into a game and possibly encouraging

traders to pursue even riskier bets.

This launch comes as competition intensifies in the decentralized finance (DeFi) sector. Hyperliquid, Aster's main competitor,

rolled out its own major update

-HIP-3 "growth mode"-on Wednesday, cutting taker fees for new markets by more than 90%. The change

drops fees from 0.045% to just 0.00144%

, aiming to draw in liquidity providers and rival centralized platforms like Binance. Hyperliquid's CEO highlighted that the feature is permissionless, letting deployers introduce new assets without needing centralized approval, though new markets must avoid duplicating existing perpetuals to prevent "parasitic" trading volume

according to reports

Both Aster's Machi mode and Hyperliquid's fee reductions highlight the ongoing battle to attract traders in the DeFi derivatives arena. While

Aster

treats liquidations as a cultural badge, Hyperliquid bets on technical improvements, believing that extremely low fees will boost activity. These approaches reflect the industry's move toward user-focused innovation, where platforms compete not only on technology but also on building a strong community identity

as analysts note

and

according to reports

Traders have responded with a mix of excitement and skepticism. Many on social media applauded Aster for "making failure a feature," while some questioned whether rewarding losses is sustainable. Meanwhile, Hyperliquid's token (HYPE) has

fallen 6% since the news

, which may be due to broader market trends rather than doubts about the update itself.

As DeFi platforms compete for market share, the distinction between gamification and real financial utility continues to

blur

. The introduction of Machi mode by Aster and growth mode by Hyperliquid illustrates this shift, appealing to traders who thrive on risk and are eager to experiment—even if it means getting "rekt."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Bitcoin futures traders show cautious optimism as BTC dips to $89,000, with 4% annualized premiums signaling controlled bearish sentiment. - ETF outflows ($2.26B since October) contrast whale accumulation (345,000 BTC) and Harvard's $442M IBIT ETF stake, highlighting market divergence. - K33 warns rapid leverage growth during selloff creates "dangerous" structure, with historical precedents showing 16% average declines post-similar patterns. - Macroeconomic pressures (Fed delays, weak jobs) link BTC's 14

Bitget-RWA•2025/11/20 00:42

Bitcoin Updates: Major Investors and Institutions Increase Bitcoin Holdings While Individual Traders Withdraw Amid ETF Outflows

Manta Rays' Profound Descents Transform Approaches to Marine Navigation

- Oceanic manta rays perform extreme deep dives (up to 1,200m) to collect environmental data, challenging assumptions about their behavior. - Satellite tracking of 24 rays revealed 79 "extreme" dives (500m+) used for navigation and migration decisions, not prey hunting. - Rapid descents (2.9m/s) and brief bottom phases suggest energy-efficient data-gathering, with post-dive movements indicating informed migration patterns. - Geographic patterns show New Zealand rays dive deeper beyond continental shelves,

Bitget-RWA•2025/11/20 00:42

Nvidia’s AI Processors Become Industry Benchmark as Revenue Projected to Approach $500 Billion by 2026

- Nvidia CEO Jensen Huang forecasts $500B in AI-driven revenue by 2026, positioning the company as a top U.S. corporate revenue leader. - Q3 2026 results showed $57B revenue (62% YoY growth), with data center sales ($51.2B) accounting for 89% of total revenue. - Strategic partnerships in the U.S. and Middle East, including 70,000 AI chips for UAE/Saudi and a $1B Oracle investment, expand Nvidia's AI infrastructure dominance. - Analysts project 40%+ annual earnings growth through 2027, though risks include

Bitget-RWA•2025/11/20 00:42

Nvidia’s AI Processors Become Industry Benchmark as Revenue Projected to Approach $500 Billion by 2026

BCH Drops 8.86% Over the Past Month as Institutions Sell Off Shares

- Itau Unibanco cut its Banco De Chile (BCH) stake by 21.3% in Q2 2025, retaining 0.07% ownership valued at $10.48M. - Robeco, Goldman Sachs , and Bessemer increased holdings, while institutional ownership concentration reached 1.24%. - Analysts raised price targets to $33-$35 and upgraded BCH to "Strong Buy," despite 8.86% monthly stock decline. - BCH reported $18.27B market cap and $0.60 EPS shortfall, trading below 52-week high amid mixed investor sentiment.

Bitget-RWA•2025/11/20 00:40