DefiLlama, a decentralized finance (DeFi) analytics platform, is removing perpetual futures volume data for the Aster decentralized exchange (DEX) due to concerns about data integrity, according to 0xngmi, a pseudonymous co-founder of DeFiLlama.
The trading volume on Aster—which is associated with CZ, the co-founder of the Binance crypto exchange—is now “mirroring Binance Perp volumes almost exactly,” 0xngmi stated, noting that the correlation ratio between Binance and Aster trading volumes is around 1. He further commented:
“Aster doesn’t provide access to lower-level data, such as details on who is placing and filling orders, so until we can obtain that data to verify the presence of wash trading, Aster perpetual volumes will be delisted.”
Cointelegraph reached out to the Aster team but had not received a response at the time of publication.
Aster emerged as a rival to Hyperliquid, a decentralized perpetual crypto futures exchange, in September and has garnered attention from the crypto community due to CZ’s connections with the platform and Hyperliquid’s popularity.
Related: Aster evaluates vesting schedules for token airdrop recipients
Analysts assess if Aster can surpass Hyperliquid
Open interest on Aster increased by over 33,500% in less than a week during the week of September 24, indicating a strong demand for the perpetual futures DEX and aligning its trading activity with Hyperliquid.
On September 25, daily perpetual trading volume hit an all-time high of $60 billion, according to DeFi analytics platform DeFiLlama.
This increase in trading volume was attributed to Aster’s growth, as the platform gained traction among traders and investors in the crypto community.
Market analyst Marcell predicted in September that Aster’s price could still grow by 480%, potentially reaching around $10. “Aster has already surpassed HYPE in daily volume and daily revenue,” he stated.
The Aster token is trading at approximately $1.83 at this writing, a drop from its all-time high of over $2.30, as reported by CoinMarketCap.
Analysts predict that Aster’s token could rally by up to 35%, achieving new all-time highs in October, a month typically favorable for crypto prices.
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