More than two weeks after removing Aster’s perpetual data, the analytics platform DefiLlama has reinstated the rapidly growing decentralized exchange, albeit with some conditions.
DefiLlama had removed the perpetual trading volume data for Aster following the discovery of mirrored Binance volumes, which raised concerns about wash trading.
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DefiLlama Relists Aster: Key Information
DefiLlama initially removed Aster’s perpetual data in early October due to concerns over mirrored Binance volumes, leading to a 10% decrease in the ASTER price.
However, recent updates indicate that the perpetuals data has been restored on DefiLlama, yet with specific limitations. Notably, historical data is absent, and there has been a lack of public development updates.
“So after the earlier delisting situation, Aster is now back on DefiLlama, but there are significant gaps in their historical data. It appears that the re-listing was never openly discussed. Are we in the clear now? The volume numbers seem to be legit 0xngmi,” one user inquired, addressing DefiLlama builder 0xngmi.
According to the DefiLlama builder, while Aster data has been restored, many gaps remain, including the ability to verify data. This suggests that users should exercise caution when interacting with the platform, especially regarding Aster.
“We’re developing a solution that will incorporate additional metrics to enhance this, but since it may take some time, the Aster team requested us to relist them,” 0xngmi stated.
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In retrospect, the primary issue was that Aster’s trading volumes closely mirrored those of Binance’s perpetual volumes.
This correlation, evident in pairs like XRPUSDT and ETHUSDT, implied that a significant portion of Aster’s activity might be inorganic, possibly generated by the exchange itself.
In line with DefiLlama’s strong commitment to data accuracy, the platform delisted Aster’s perps until transparency was enhanced.
The decision elicited mixed reactions, with some users urging DefiLlama to maintain the data with a warning label. However, according to 0xngmi, this would impact overall perpetual volume metrics.
Nevertheless, DefiLlama’s choice to reinstate Aster even before all conditions are met indicates that the analytics platform is not imposing indefinite penalties. Instead, they are providing an opportunity for Aster to demonstrate its legitimacy and potentially restore trust.
Moreover, this development has significantly influenced the ASTER token price, which increased by over 5% in the past 24 hours, aligning the DEX token with the wider market recovery.
As of this writing, ASTER was trading at $1.20, showing an increase of almost 6% in the last day.
