DefiLlama Delists Aster Data Amid Concerns of Binance Volume Mirroring
DefiLlama removed Aster's perpetuals data, suspecting that XRP trading volumes closely mirrored Binance, raising concerns about the authenticity of reported activity.
The resemblance between Aster's and Binance's volumes suggests potential wash trading or data manipulation, as decentralized order flows typically differ.
0xngmi, DefiLlama’s founder, stated that Aster's perpetual volumes would remain delisted until further verification could be conducted.
Aster allows traders to take leveraged positions on crypto assets without using centralized exchanges.
Despite recent success, Aster's ASTER token saw a price drop amid market retreat and DefiLlama's delisting, which later reversed following Binance's listing announcement.
Aster’s rise in trading volume placed it at the top of DefiLlama’s leaderboard for daily fees and volume, briefly overtaking Hyperliquid.
ASTER has experienced significant growth, moving from $0.09 to over $2 in under three weeks, offering returns of over 1,500% to early buyers.
XRP and ETH were major contributors to Aster’s trading metrics.
Binance listed ASTER with a "Seed Tag," drawing attention due to Binance co-founder Changpeng Zhao's advisory role and recent support for Aster.
