- DefiLlama delisted $ASTER perp volumes after 0xngmi found identical trading patterns with Binance, raising wash trading concerns.
- Aster’s lack of transparent order book data and identical volume trends with Binance intensified doubts about trading authenticity.
- Despite the delisting, Aster’s Stage 3 Dawn launch and user reward options aim to restore confidence amid volatile $ASTER price action.
Concerns are rising across the crypto community after DefiLlama delisted $ASTER perpetual trading volume, citing possible wash trading activity. The decision follows a detailed analysis by on-chain researcher 0xngmi, who compared trading data between Aster and Binance.
The investigation focused on XRPUSDT perpetual contracts and revealed identical volume patterns between both platforms. Hence, the 1:1 correlation between their trading volumes triggered alarm over the authenticity of Aster’s reported activity.
Besides, the left chart from the analysis shows that Aster’s XRPUSDT volume closely mirrors Binance’s weekly data. Such mirroring suggests artificial market behavior rather than organic demand.
Meanwhile, the right chart compares Hyperliquid’s XRP perpetual trading against Binance’s data. Hyperliquid displayed natural volume variation, which indicates genuine trading flows. Consequently, this contrast made Aster’s reported numbers appear highly suspicious to analysts and market watchers.
Data Transparency Under Scrutiny
0xngmi highlighted that Aster lacks proper transparency in its trading data. The platform does not disclose granular order book information or trader identification details. Without such data, verifying real trading activity becomes impossible.
Moreover, Aster’s cumulative volume trends align almost perfectly with Binance throughout the entire observation period. The investigation concludes that Aster’s perpetual volumes will remain delisted until the platform verifies its order flow and demonstrates authentic trading behavior.
However, the timing of the delisting coincides with Aster’s ongoing ecosystem transition. The platform recently ended Stage 2 Genesis (S2) and announced Stage 3 Dawn (S3).
According to Aster, users can now claim S2 rewards through two options — receive an $ASTER airdrop or claim a full refund of S2 trading fees. This initiative aims to rebuild user trust and reward early participants.
Market Reaction and Price Action
Market sentiment toward $ASTER remains mixed. Analyst Crypto General stated, “$ASTER is moving exactly as mapped. Shaking out weak hands so smart money can load up cheap.”
The token currently trades at $1.85 after dropping sharply from $2.20 to $1.20 earlier this week. Moreover, chart analysis shows strong support near $1.20 and resistance around $2.40, hinting at a possible recovery if support holds.
