Aster launches its own Layer 1 blockchain, Aster Chain

Decentralized cryptocurrency exchange Aster (ASTER) has announced the launch of its proprietary Layer 1 blockchain, Aster Chain, via its official X account. The team explained that Aster Chain, which is specialized for derivatives trading, will be rolled out in phases. The chain's genesis block was activated today, with partnership announcements expected tomorrow. Public staking for ASTER token holders is set to launch later this week, followed by ecosystem expansion, the Aster Code Partner Program, and brand and UI upgrades. According to the announcement, the new chain features an average block generation time of 50ms and can process 100,000 transactions per second. It also has no gas fees and enables privacy features by default, with all orders encrypted in a zero-knowledge verifiable manner. Aster added that while the blockchain is public, a new era of verifiable privacy has begun.