DeFiLlama Scraps $60 Billion Aster Trading Data Over Wash Trading Claims

Paul

* DeFiLlama delists Aster’s $60 billion in trading data amid integrity questions.
* Aster's trading volumes show near-perfect correlation with Binance.
On October 5, 2025, Cointelegraph reported that leading decentralized finance (DeFi) analytics platform DeFiLlama removed perpetual futures trading volume data for the Aster decentralized exchange (DEX) due to suspicions of wash trading. The platform’s action was prompted by concerns that Aster’s trading volumes showed an almost perfect correlation with those of Binance.
A DeFiLlama co-founder, known as 0xngmi, revealed that the correlation ratio between Aster's and Binance’s trading volumes is approximately 1, a finding that raises questions about the authenticity of Aster's reported activity. Skepticism grew further because Aster also lacks lower-level data, such as order book details, which makes verifying the trades’ legitimacy difficult. As a result, DeFiLlama will exclude Aster’s perpetual trading volumes from its platform until the exchange provides this data for scrutiny.
Notably, Aster had recently gained significant market traction. During the week of September 24, open interest on the platform surged by over 33,500%, and on September 25, its daily perpetual trading volumes hit a record high of $60 billion. This meteoric rise positioned Aster as a potential challenger to Hyperliquid, a prominent name in the perpetual futures exchange market.
The delisting announcement appeared to affect Aster’s token price, which fell more than 10% from its previous level of approximately $1.83. Although the token is still active, it remains far below its all-time high of over $2.30.
According to CoinMarketCap data on October 5, Aster (ASTER) was priced at $1.836 as of 21:09 UTC. This price reflects a 14.31% decline over the past 24 hours, while its 24-hour trading volume increased by 7.67% in the same period.
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