Crypto exchange Robinhood has listed Aster (ASTER) and Plasma (XPL) for spot trading, sparking a rise in their prices. This comes amid a crypto market downturn, which caused a drop to new lows.
Robinhood Lists ASTER and XPL For Spot Trading
Robinhood data shows that both tokens are now trading on the exchange and available for spot trading for its U.S. customers. The exchange also just listed VIRTUAL, the native token of Virtuals Protocol.
The Robinhood listing quickly sparked a price rise for Aster and XPL. TradingView data shows that the former quickly surged above $1.3 from its intraday lows while XPL briefly broke above $0.5 before retracing.
XPL retraced below $0.5 as the Bitcoin price fell below $110,000, while ASTER also pulled back after rising to $1.36. However, this listing marks a positive for both tokens, boosting their visibility.
ASTER becomes only the second decentralized exchange (DEX) token to be listed on Robinhood after Uniswap (UNI). On the other hand, XPL, which just went live last month, has now secured listings on almost all the top crypto exchanges.
The timing also proves timely for both tokens. ASTER faced internal issues last week with the Aster airdrop allocation, though this has been rectified, with claims going live earlier this week.
Meanwhile, XPL initially surged when Plasma’s mainnet beta went live, but faced significant selling pressure, dropping below $1, and has since continued to decline to new lows.
Drop In DEX Volume
Amid the Robinhood listing, DeFiLlama data shows that the Aster DEX has fallen behind in DEX volume, trailing Uniswap, Hyperliquid, and Pumpfun. The exchange has recorded $160 million in trading volume over the last 24 hours, ranking 18th among DEXs.
However, the DEX has recorded a 7-day trading volume of $2 billion, which puts it above Pump.fun and four.meme but still behind Hyperliquid and Uniswap, which have recorded trading volumes of $3.4 billion and $50 billion, respectively.
Meanwhile, Aster, which had at some point climbed to second in fees, just behind Tether, has now dropped in the rankings. The DEX recorded $2.2 million in fees in the last 24 hours, ranking 11th on the list. Meanwhile, Uniswap and Hyperliquid are ranked 2nd and 6th, recording $10 million and $3 million, respectively.
