DefiLlama to Delist Aster Volume Data Over Suspected Wash Trading
DeFiLlama has eliminated perpetual futures quantity information for Aster, a decentralized trade backed by figures linked to former Binance CEO Changpeng Zhao, after detecting buying and selling volumes that mirrored Binance’s almost 1:1 throughout a number of buying and selling pairs.
Co-founder 0xngmi announced the delisting on October 5, 2025, citing considerations over information integrity.
According to the announcement, Aster’s volumes for pairs like XRP/USDT matched Binance perpetual volumes with a correlation ratio of roughly 1, whereas competitor Hyperliquid confirmed decorrelation in comparable pairs.
The analytics platform can not entry lower-level information, akin to maker and taker order data from Aster, to confirm whether or not wash buying and selling occurred, prompting the momentary elimination till such verification turns into attainable.
0xngmi famous that correlation patterns appeared much more excessive for different property, akin to ETH, with comparable patterns seen throughout all buying and selling pairs.
The DeFiLlama co-founder emphasised that the choice centered on sustaining information integrity for customers who make investing choices primarily based on the platform’s analytics.
Crypto Community Splits Between Wash Trading Accusations and Liquidity Migration Defense
The delisting triggered sharp divisions throughout the crypto group, with critics questioning DeFiLlama’s centralization whereas defenders attributed the correlation to respectable liquidity migration from Binance.
Blockchain investigator ZachXBT criticized business determine Anndy Lian for normalizing wash buying and selling, after Lian argued that “all crypto tasks have washed trades” and questioned why observers had been “appearing so saintly” in regards to the state of affairs.
Lian, who holds positions in each main perpetual DEX tokens, claimed that almost all tasks usually are not totally decentralized and that alignment in open curiosity and worth motion is frequent throughout high tasks that draw charts comparable to Bitcoin.
He argued that if a mission and its backers agree to spend cash buying market share, the extent of spending is their prerogative.
ZachXBT countered that Lian’s put up historical past confirmed zero mentions of HYPE and solely two posts referencing Hyperliquid, the place Aster was additionally talked about, whereas nearly each different put up centered on Aster.
Supporters of Aster argued that Binance’s liquidity was moved on-chain to the platform, explaining why volumes appeared to be synchronized.
Multiple group members pointed to Dune Analytics data displaying Aster’s whole buying and selling quantity exceeding $2.2 trillion, with a complete worth locked of $1.52 billion, 3.18 million whole customers, and $328.28 million in all-time earnings.
The platform added 14,563 new customers within the final 24 hours and 125,158 over seven days, in accordance to the dashboard.
Dashboard creator Odbtc clarified that he used DeFiLlama’s public API as the info supply, whereas Dune served solely as a visualization layer to evaluate Aster, Hyperliquid, and Lighter.
He defended DeFiLlama’s resolution, noting that the platform aggregates protocol-reported information whereas Dune permits customers to question or visualize it, with dashboard high quality relying totally on the builder’s question logic.
Lot of noise immediately round Aster, @DefiLlama & @Dune
Quick context from the man who really constructed the Dune dashboard everybody’s quoting
@dethective
This began off with DeFiLlama shutting down Aster’s API after seeing indicators of wash buying and selling
But @ShiLLin_ViLLian determined to… pic.twitter.com/OcUfJmRCjy
— odbtc.sol (@Overdose_BTC) October 5, 2025
Aster Launches Stage 3 Rewards Program as Binance Confirms Listing
Aster concluded its Genesis Stage 2 rewards program on October 5 and instantly launched Stage 3 Dawn, providing members both their ASTER airdrop or a full refund of Stage 2 buying and selling charges.
The declare web page opens on October 10 for 48 hours, with airdropped tokens obtainable on October 14.
Stage 3 runs for 5 weeks, ending November 9, introducing spot buying and selling rewards, multi-dimensional scoring, symbol-specific enhance multipliers, and staff boosts that accumulate all through the stage reasonably than resetting weekly.
At the identical time, Binance announced it’ll checklist ASTER with a Seed Tag utilized, whereas Aster implemented VIP payment tier updates beginning October 6.
The platform up to date its Market Maker Program with preferential charges and a month-to-month reward pool to strengthen liquidity.
Perp DEXs hit $1 trillion month-to-month quantity for the primary time as Aster and Hyperliquid lead a surge difficult centralized trade dominance.#Perps #Dexshttps://t.co/rDhsLASOLf
— Cryptonews.com (@cryptonews) October 2, 2025
The strikes come as Aster recorded $493.61 billion in 30-day trading volume in accordance to earlier DeFiLlama information, capturing almost 50% of the perpetual DEX market share earlier than the delisting.
At the time of publication, ASTER trades at $2.08 with a completely diluted valuation of $16.5 billion, having elevated by over 29 occasions inside 4 days following CZ’s endorsement, earlier than reaching above $2.
The token was launched with an preliminary totally diluted valuation of $560 million at its token era occasion.
On the opposite finish, Hyperliquid’s HYPE token trades at $48.89 with a completely diluted valuation of $48.9 billion, sustaining roughly 70% of the perpetual DEX market share regardless of rising competitors.
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