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XRP Volumes on Aster DEX Mimic Those on Binance, Putting Focus on the Market’s Current Obsession

DeFiLlama delisted Aster’s perpetual futures volume after detecting a near-perfect correlation with Binance, suggesting possible wash trading and raising data integrity concerns.

  • On October 5, 2025, DefiLlama removed trading volume metrics for Aster’s perpetual contracts from its platform after detecting suspicious patterns that suggested the exchange’s reported activity closely matched Binance’s, raising concerns about data authenticity.
  • The delisting followed observations that Aster's XRP and ETH perpetual trading volumes closely mirrored Binance's volumes in near-perfect sync, raising wash trading concerns.
  • Aster introduced its native token ASTER in mid-September, rapidly becoming the leading perpetual futures decentralized exchange in terms of daily trading fees and volume, a surge partly attributed to public support from advisor Changpeng Zhao.
  • After 0xngmi explained that Aster's perpetual trading volumes would be removed from listings until more detailed order information becomes available to assess potential wash trading, ASTER’s price fell by over 10%, hitting approximately $1.80.
  • DefiLlama's delisting aims to preserve data integrity and informs users to avoid wrong decisions, while the market awaits clearer verification of Aster's trading authenticity.
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TokenPost broke the news in on Sunday, October 5, 2025.
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