Blockchain data platform DeFiLlama has decided to delist the perpetual futures volume data for the Aster decentralized exchange, citing concerns over data integrity.
DeFiLlama’s pseudonymous founder 0xngmi noted that their investigation revealed that Aster’s perpetual trading volumes, which got to $100 billion daily, are almost perfectly correlated with Binance’s perpetual futures volumes.
The unusual correlation potentially suggests that much of the reported volume on Aster may be artificially inflated or synthetically created.
“Aster doesn’t make it possible to get lower level data such as who is making and filling orders, so until we can get that data to verify if there’s washtrading, aster perp volumes will be delisted,” said 0xngmi.
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The decision preceded a drop in Aster’s native token price, which fell 10% shortly after the news made rounds on social media.
It also resulted in significant backlash against DeFiLlama itself, with some Aster community members questioning the platform’s motives for the delisting.
“We are not [against just Aster], we delisted lighter and many other perp dexs before because of blatant wash trading,” said 0xngmi.
“All we care is about the integrity of our data cause its important that users can trust it.”
