The digital assets sector remains weak as Bitcoin erases 2025 gains after its latest dip toward the $93,000 vicinity.
While altcoins display substantial bearishness, ASTER stayed above the $1 psychological mark after gaining more than 6% the last 24 hours.
The altcoin’s decouple comes as the perpetual decentralized exchange launches its largest trading competition.
Aster opened the Double Harvest Era today, November 17, and will run until December 21.
Aster’s biggest trading competition to date is about to begin.
🌾 Double Harvest Era 🌾
From 17 Nov, 00:00 UTC to 21 Dec, 23:59 UTC, Aster will run its biggest Perpetual competition yet: five weekly phases, up to $10,000,000 in prizes, and only 1,000 seats on the leaderboard
The event, consisting of five phases (each lasting seven days), offers eligible traders a chance to win a share of $10 million in rewards.
Trading activity to determine prize pools
Every phase will start with a $1 million incentive pot.
However, the final figure will depend on the perpetual trading volume generated during that week.
The reward pool can soar to $2 million if trader activity hits the targeted goals.
Meanwhile, the trading campaign could distribute up to $10 million if participants keep elevated volumes throughout the event.
The trading platform is tapping into weekly competition and scaled rewards to drive consistent participation.
Participants will enter an intense competition where only the top 1,000 each week qualify for the prize pool share.
Volume targets amplify rivalry
The team emphasized $100,000 in weekly perpetual trading volume as the minimum to join the competition.
Anything less means missing out on the rewards.
Further, Traders need more than $5 million in weekly trading volumes to enter the top three.
The official blog highlighted:
Each phase has its own weekly prize pool of up to $2,000,000 with independent perpetual trading volume accumulation. The higher prize pool will be unlocked once the total perpetual trading volume of all participants reaches the specified requirements.
For context, a volume of less than 100 billion unlocks a $1 million prize pool, while a 100 billion activates $1.5 million, and 150 billion a $2 million pot.
The decentralized exchange removed one of the primary barriers in such campaigns by choosing not to demand ASTER holdings to participate.
Aster only wants traders to join and trade, a move that opens the doors for wider participation, consequently boosting on-chain activity.
ASTER price outlook
Aster’s native token was among the few with bullish price charts today.
It is trading at $1.23 following a roughly 6.55% increase in the past 24 hours.
The 150% increase in daily trading volume underscores amplified trader activity in ASTER.
The alt’s upside stance reflects optimism as the perp DEX kicks off its largest trading competition.
Enthusiasts will watch how ASTER’s price performs in the coming sessions as the Double Harvest era magnifies user activity.
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