Questions over data transparency and possible wash trading raise concerns about accuracy in decentralized exchange metrics.
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.
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