- DefiLlama delisted Aster’s perpetual trading volumes after detecting near-identical movement with Binance’s markets and lacking order-level transparency.
- 0xngmi said the decision protects data integrity, stressing no personal stake in Aster or Hyperliquid, and warning inaccurate data could mislead investors.
- Aster’s token fell from about US$2 (AU$3.03) to US$1.80 (AU$2.73) after the delisting, following its rapid rise since September and links to Binance co-founder CZ.
Web3 analytics service DefiLlama has removed Aster’s perpetual trading data from its listings after raising questions about the reliability of its reported volumes. The move followed comments by DefiLlama’s pseudonymous founder, 0xngmi, who said charts showed Aster’s trading figures were moving in lockstep with Binance’s perpetuals markets, with pairs such as XRPUSDT and ETHUSDT showing near-identical behaviour.
0xngmi explained that Aster does not provide sufficiently granular order-level data to identify who is making and filling trades. Without this, it is impossible to determine whether the platform’s activity reflects genuine demand, wash trading, or synthetic replication. Until such information is released, Aster’s perpetual trading volumes will remain delisted, 0xngmi confirmed, stressing the decision was made to protect the credibility of DefiLlama’s datasets.
He highlighted that there is no personal stake in either Aster or rival exchange Hyperliquid, stating: “The thing I care about is [the] integrity of our data”. He further noted that users rely on DefiLlama’s data for investment decisions, and any inaccuracies could mislead them.
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Once a Leader in Fees and Volumes
Following the delisting, Aster’s token fell from around US$2 (AU$3.03) to about US$1.80 (AU$2.73). Data from CoinMarketCap also showed the token recently dropped from highs of over US$2.30 (AU$3.49). The decline comes after Aster briefly overtook competitors, ranking as the leading perpetual DEX for fees and volumes on DefiLlama before the correlation with Binance was flagged.
Aster, launched in September, had rapidly grown to rival Hyperliquid and attracted significant attention due to advisory ties with Binance co-founder Changpeng “CZ” Zhao, who stepped down from Binance in 2023.
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