DeFiLlama Delists Aster's Perpetual Futures Data Over Volume Concerns
DeFiLlama, a leading decentralized finance data aggregator, has sparked debate by removing perpetual futures volume data for the Aster decentralized exchange. This decision, motivated by data integrity worries, has drawn criticism from certain Aster community members.
DeFiLlama's founder, known only by the pseudonym 0xngmi, revealed that Aster's perpetual trading volumes are almost perfectly correlated with those of Binance's perpetual futures. This unusual correlation raised suspicions that much of Aster's reported volume could be artificially inflated or synthetically created.
DeFiLlama has previously removed data from other perpetual decentralized exchanges due to wash trading, a practice where traders buy and sell the same asset to create the illusion of market activity. However, DeFiLlama cannot confirm if Aster is engaged in this practice due to the lack of lower-level data, such as order details.
The delisting decision resulted in significant backlash from some Aster community members. Despite this, DeFiLlama maintains that its priority is to uphold the integrity of its data to ensure users can trust it. The native token price of Aster fell by 10% shortly after the delisting decision was made public.
DeFiLlama has decided to remove the perpetual futures volume data for the Aster decentralized exchange due to data integrity concerns. The unusual correlation between Aster's and Binance's volumes, along with DeFiLlama's past actions against wash trading, has led to this decision. The Aster community and the broader crypto market await further developments.
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