What happened?
DeFiLlama removed perpetual futures volume data for Aster after finding its reported volumes mirrored Binance’s perp volumes nearly 1:1 across multiple trading pairs. Co-founder 0xngmi announced the delisting on October 5, 2025, saying the move was about protecting data integrity. The platform can’t access lower-level maker/taker data to verify wash trading, so it temporarily pulled Aster’s numbers until deeper verification is possible.
Who does this affect?
This affects traders and investors who rely on DeFiLlama’s aggregated metrics to make trading and allocation decisions because a major source of volume data has been removed. It also hits Aster itself and its token holders, along with market makers, liquidity providers, and analytics platforms like Dune that pull from DeFiLlama’s API. Centralized exchanges and competing perpetual DEXs such as Hyperliquid may feel the impact too, since questions about where liquidity actually sits drive short-term flows and narratives.
Why does this matter?
The delisting matters because it undermines confidence in reported on‑chain volumes, which can quickly change traders’ risk assessments and trigger sharp price moves—ASTER already saw massive gains after its launch and could be very volatile if volumes are questioned. If volumes were artificially inflated or simply misreported, capital could rotate away from Aster back to competitors or centralized venues, shrinking perceived liquidity and market share. Longer term, this raises bigger questions about the reliability of DeFi metrics, could invite more regulatory and analyst scrutiny, and influence how investors price and list new DEX tokens.