Defillama Removes Aster’s Perpetual Futures Due to Wash Trading Concerns
- Defillama has delisted perpetual futures volumes from Aster.
- The decision was made after Aster’s founder, 0xngmi, noted that recent Aster perp volumes mirrored Binance perp volumes almost exactly.
- Concerns were raised about potential wash trading due to this volume mirroring.
- Comparative charts showed a near-1:1 volume ratio for XRPUSDT on both Aster and Binance, highlighting the issue.
Defillama’s removal of Aster’s perpetual futures data follows concerns about suspiciously similar trading volumes with Binance, as highlighted by the founder, 0xngmi. The near-identical trading patterns raised red flags regarding possible wash trading activities.
This action underscores the importance of accurate and trustworthy data in the DeFi space, especially when discrepancies such as a near-1-to-1 volume ratio are observed between platforms like Aster and Binance. (Source)
