DEX Ecosystem Sees New Token Launches and Price Rallies
DEX Ecosystem Sees New Token Launches and Price Rallies
The decentralized exchange (DEX) sector is buzzing with activity, as new tokens are launched and existing ones demonstrate significant price movements. Meteora, a Solana-based DEX, has introduced its native MET token, while another DEX-affiliated token, Aster, surged by 12% following a new incentives program, rebounding from earlier declines.
DEX Sector Sees Fresh Activity
The decentralized finance (DeFi) landscape continues to evolve, with new developments emerging within the decentralized exchange (DEX) sphere. One notable event is the launch of the native **MET token** by Meteora, a prominent DEX operating on the Solana blockchain. Nearly half of the total MET token supply was released, marking a significant step for the project.
Simultaneously, another token, **Aster**, has captured market attention with a strong rally. The token recorded a 12% increase today, propelled by an 'incentives campaign' dubbed a 'rocket launch'. This positive movement comes after Aster had previously experienced a substantial drawdown, falling over 50% from its all-time high. The rally suggests renewed investor interest and potential for recovery within certain DEX-related assets.