Nikolas Sargeant
DefiLlama, a leading decentralized finance analytics platform, announced that it would delist perpetual futures trading volume data for the Aster protocol. The decision comes after the platform’s cofounder flagged that Aster’s volume showed an almost perfect correlation with Binance’s perpetual volume, casting doubt on the data’s legitimacy and raising possible wash‑trading concerns.
We've been investigating aster volumes and recently their volumes have started mirroring binance perp volumes almost exactly
— 0xngmi is hiring (@0xngmi) October 5, 2025
Chart on the left is XRPUSDT on aster, you can see the volume ratio vs binance is ~1
Chart on the right is XRP perp volume on hyperliquid, where there's… pic.twitter.com/MwVD7rRyEn
This decision follows a wave of market attention that Aster received just days earlier when its $ASTER price feed was launched on Pyth, making the token’s valuation accessible across more than 100 blockchain. That integration likely helped drive speculative inflows and heightened trading activity, giving Aster additional visibility and fueling momentum among traders.
By delisting the perpetual data feed, DefiLlama is signaling that it cannot reliably verify lower‑level order flow or distinguish genuine trades from manipulative ones. Without access to more granular on‑chain execution data, it says continuing to display Aster’s perp volume would compromise the integrity of its analytics.
The market reacted swiftly: the Aster token fell by about 10 percent following the announcement, reflecting heightened investor skepticism. Observers now expect Aster to respond — perhaps by publishing deeper trade data or independent audits — to restore confidence. The Pyth integration, while initially a catalyst, may now put more pressure on the project to prove its data integrity.
