Key Takeaways
- DeFiLlama is delisting Aster perpetual volume data due to concerns about suspicious trading patterns.
- Aster’s trading volume closely mirrors Binance’s, raising questions about potential wash trading.
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DeFiLlama is removing Aster’s perpetual trading statistics from its platform following an investigation that found the data had become nearly identical to Binance’s perpetual futures volumes, said 0xngmi, the pseudonymous founder of DeFiLlama, in a recent post on X.
According to 0xngmi, trading pairs such as XRPUSDT and ETHUSDT on Aster showed an almost 1:1 correlation with Binance’s trading patterns.
However, without access to low-level execution data, DeFiLlama’s team cannot determine whether the mirrored volumes are the result of wash trading or synthetic replication.
Until such data becomes available, DeFiLlama will delist Aster’s perp volumes from its listings to preserve data integrity.
“The thing I care about is integrity of our data,” 0xngmi stated, noting that he holds no positions or affiliations with either Aster or Hyperliquid.
Aster, a rising competitor to decentralized perpetuals exchange Hyperliquid, saw its native token ASTER fall from $2 to $1.8 following 0xngmi’s comments, according to on-chain data.
The token launched in mid-September and briefly reached $2.4 by the end of that month. Last month, Aster became the leading decentralized perpetuals exchange by daily fees, surpassing Hyperliquid.
DeFiLlama’s decision to delist Aster’s perpetual trading volume data has sparked a wave of community complaints. In response, 0xngmi reiterated that the move was about data integrity, not favoritism.
“Our users trust our data and make investing decisions based on it, if we report incorrect data they’ll make the wrong decisions,” said 0xngmi in a follow-up thread.
0xngmi added that the team had previously removed Aster’s revenue data quietly, but repeating that risked fueling “conspiracy theories.” He also explained that adding warnings isn’t supported by DeFiLlama’s API, though future changes could make this possible.
Rejecting claims of bias, 0xngmi noted DeFiLlama had taken similar action against other perp DEXs for data irregularities.
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