DeFiLlama Delists Aster After Binance Volume Link

• DeFiLlama cut Aster perp data after flagging Binance-mirrored volumes on major pairs.
• ASTER token slid to $1.84 as traders questioned liquidity and volume authenticity.
• The case renewed focus on data integrity and auditing in DeFi analytics.

DeFi analytics platform DeFiLlama removed Aster’s perpetual-futures volume data after detecting a near-identical trading pattern to Binance. The delist came after its co-founder 0xngmi said Aster’s reported volumes showed a 1-to-1 correlation with Binance’s perpetual markets, an anomaly that raised flags of wash-trading or data manipulation.

Correlation Raises Data-Integrity Concerns

According to 0xngmi, Aster’s perpetual metrics “mirrored Binance perp volumes almost exactly” across pairs like XRP/USDT and ETH/USDT, with correlation ratios approaching 1. 

Independent analysts cited by CryptoBriefing and The Block confirmed that identical hourly patterns emerged over the weekend, suggesting data cloning or automated mirroring from Binance feeds.

DeFiLlama said the decision was meant to protect users who rely on its dashboards for trading and portfolio analysis.

“Our users trust our data and make investing decisions based on it. If we report incorrect data, they’ll make the wrong decisions,” 0xngmi wrote.

Related: Aster DEX Captures Nearly Half the Perpetual Market With $500 Billion Trading Volume

Market Impact: ASTER Price Drops Nearly 8%

Following the public disclosure, Aster’s native token, ASTER, declined in price from $2 to $1.85, according to data from CoinMarketCap. 

The project, which launched in mid-September, had previously reached a peak of $2.4 by month-end. Despite the controversy, Aster recently overtook Hyperliquid in daily fees, positioning itself as one of the leading decentralized perpetuals exchanges before the delisting occurred.

Reaction on X and Reddit r/defi split along two lines. Some users accused DeFiLlama of selective enforcement, claiming other DEXs also show mirrored volume spikes. Others backed the delist as proof the analytics platform is serious about data integrity and transparency.

0xngmi later clarified that DeFiLlama holds no position in Aster or any competing protocol. The team had quietly removed Aster’s revenue feed weeks earlier but opted for a public announcement this time “to avoid misinformation.”

DeFi Transparency Under Scrutiny

The delisting has intensified scrutiny around Aster’s trading practices and liquidity sources, especially given its sudden rise in market share. 

While investigations continue, DeFiLlama confirmed that its decision was based solely on safeguarding data accuracy and user trust within the decentralized finance ecosystem.

Related: Aster Price Prediction: Can ASTER Break Out Of Falling Channel As Zhao’s Backing Fuels Rally