The decentralized finance (DeFi) analytics platform DefiLlama has decided to delist perpetual futures volume data for the Aster decentralized exchange (DEX) due to concerns regarding data integrity, as mentioned by 0xngmi, a pseudonymous co-founder of DefiLlama.
According to 0xngmi, trading volume on Aster, linked to CZ, co-founder of the Binance crypto exchange, is now nearly identical to Binance Perp volumes. He stated that the correlation ratio between trading volumes of Binance and Aster is approximately 1. He further explained:
“Aster doesn’t provide access to lower-level data, such as details on who is making and filling orders. Until we can obtain that data to verify the absence of wash trading, Aster perpetual volumes will be delisted.”
Cointelegraph attempted to contact the Aster team but received no response by the publication time.
Aster has positioned itself as a competitor to Hyperliquid, a decentralized perpetual crypto futures exchange, since September, gaining attention in the crypto community due to CZ’s association with the platform and the popularity of Hyperliquid.
Related: Aster considers vesting schedules for token airdrop recipients
Experts analyze the potential for Aster to surpass Hyperliquid
During the week of September 24, open interest on Aster surged by over 33,500% in less than a week, indicating strong demand for the perpetual futures DEX and aligning its trading activity with that of Hyperliquid.
On September 25, daily perpetual trading volume reached a record high of $60 billion, according to the DeFi analytics platform DeFiLlama.
The increase in trading volume was largely attributed to Aster’s rapid growth as it gains traction among traders and investors in the crypto space.
Aster’s price could potentially increase by 480%, bringing it close to $10, market analyst Marcell predicted in September. “Aster has already outperformed HYPE in daily volume and revenue,” he noted.
As of now, Aster’s token is trading at around $1.83, down from its peak of over $2.30, according to CoinMarketCap.
Analysts predict that Aster’s token could see a rally of up to 35% and reach new all-time highs in October, typically a favorable month for crypto prices.
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