Aster Launches First Native Chase Orders on Aster Chain

@Aster_Dex has rolled out what it claims is a first for decentralized exchanges: native chase orders built directly into the on-chain matching engine of Aster Chain. The feature, announced on May 25, targets active traders who need to stay competitive at the top of the order book without constant manual input.

How Chase Orders Work

Chase orders allow limit orders to automatically reprice every second to track the best bid or ask in real time. The result is that a trader's order remains at the front of the book continuously, without requiring manual cancellations and resubmissions. All fills are processed as post-only maker orders, which creates a 0% maker fee environment on Aster. The feature also includes customizable safety boundaries and configurable "gap" modes, giving traders control over how aggressively their orders chase the market price.

The distinction here is that the logic runs natively inside the matching engine rather than being handled by an external bot or script layered on top. All order matching and trading logic are processed and stored on-chain, and Aster Chain is designed to give traders full custody of assets alongside execution speeds comparable to centralized exchanges. Aster Chain uses a PoSA consensus mechanism combined with a node aggregation engine and block pre-confirmation, targeting a 50-millisecond block time and throughput of up to 100,000 transactions per second. That infrastructure is what makes per-second order repricing practical at the protocol level.

Part of a Broader Push on Order Type Innovation

Chase orders are the latest in a series of order type features Aster has introduced since launching in late 2024. Aster previously became the first perpetual DEX to introduce fully integrated hidden orders, where traders place limit orders without revealing size, price, or presence on the public order book, with trades placed directly into the main matching engine and only becoming visible after execution.

Aster is a multi-chain perpetuals DEX built to deliver pro-grade trading through a tightly integrated stack, offering dual trading modes, hidden limit orders, 24/7 stock perpetuals alongside crypto markets, and full on-chain settlement in a non-custodial manner. The project is backed by YZi Labs, the crypto investment firm of Changpeng "CZ" Zhao, who co-founded Binance.

With chase orders now live, Aster is positioning its matching engine as a venue where features typically associated with algorithmic trading desks on centralized platforms are available natively on-chain, without the need for third-party tooling or off-chain workarounds.

Sources:
Aster Chain Overview, Aster Official Docs
Aster Launches Hidden Orders, CoinTelegraph
What Is Aster (ASTER)?, Binance Academy