DeFi analytics site DeFiLlama has removed perpetual futures volume data for the Aster exchange after raising doubts about the numbers. The move came recently and was announced by 0xngmi, a pseudonymous co-founder of DeFiLlama.
The removal affects the Aster perpetual markets tracked on DeFiLlama. The reason given is that Aster’s reported volumes now match Binance perpetual volumes almost exactly, and DeFiLlama cannot verify trades without lower-level order and fill data.
What sparked the action?
0xngmi said DeFiLlama saw a near one-to-one correlation between volumes on Aster and Binance Perp. He shared charts showing XRPUSDT volumes on Aster with a volume ratio of about 1 versus Binance.
He contrasted that with data from Hyperliquid, another perpetual DEX, where the numbers do not line up so closely. 0xngmi wrote that Aster does not provide granular data about who is making and filling orders.
Without that detail, DeFiLlama said it cannot rule out wash trading. That lack of transparency led to the delisting of Aster’s perpetual volume figures.
Aster’s Price Actions
Data shows Aster trading at $1.88, with a 7-day drop of 1.97% and a 24-hour drop of almost 9%. Market cap is at $3.12 billion with a 9.2% decrease.
The 24-hour volume is $1.21 billion, up 11.76%. After the news broke out, the price fell from $2.01 to $1.80, almost 10%, representing a sharp decline.
Also Read: Youtuber Mr. Beast Purchased 538,384 $ASTER Tokens Worth $990K
Why does the mirror pattern matter?
If a DEX shows volumes that copy a centralised exchange almost exactly, that is unusual. Real order books and traders rarely line up perfectly across platforms.
Small timing gaps and different liquidity profiles normally create differences in volume patterns. The near-perfect match prompted DeFiLlama to pause publication.
Without raw trade data, the analytics team cannot test whether trades are real or repeated to inflate numbers. That uncertainty is what DeFiLlama called a data integrity concern.
Aster’s rise and open interest spike
Aster launched as a rival to Hyperliquid in September, and it quickly drew attention because of its link to CZ, who co-founded Binance. During the week of September 24, open interest on Aster shot up by more than 33,500% in under seven days.
That surge showed strong demand for perpetual futures on the DEX and put Aster’s activity on par with Hyperliquid in headline figures. The sudden rise in open interest and the high volume numbers are part of what led analysts and observers to look more closely at the data.
Trust Wallet’s product push
Separately, Trust Wallet posted that perpetual futures will be added to its app soon. The posts say the feature will include more than 100 markets and offer up to 100x leverage. Trust Wallet said the market access will be powered by Aster.
The team also shared a layered product roadmap that is tied to the Trust Wallet Token, or TWT. Those announcements have added attention to Aster as an infrastructure partner and as a liquidity source.
What comes next?
DeFiLlama said it will relist Aster’s perpetual volumes only after it can access lower-level data that proves trades are legitimate.
That would include order and fill records that show who created orders and who filled them. Until then, the published volume numbers for Aster will not appear on DeFiLlama’s perpetual volume charts.