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Aster Price Dips Over 10% After DefiLlama Delists Perpetuals Data Amid Wash Trading Concerns

By Ethan Clarke Updated On October 6, 2025
Cryptocurrency is a high-risk and volatile asset class. Investing in digital assets can lead to partial or total loss of funds. This content is for informational purposes only and should not be taken as financial or investment advice. Always do your own research before making investment decisions.
Aster Price Dips

Key Points

  • Aster has been removed from DeFiLlama due to wash trading accusations.
  • The move made new investors skeptical about the asset, resulting in a 10% price dip.
  • Aster supporters accuse DeFiLlama devs of particularly targeting the token.
  • Aster shows signs of resurgence despite the dip.

Aster, a perpetual DEX built on BNB Chain and backed by YZi Labs, dropped over 10% after the DeFi analytics platform DeFiLlama removed its perpetual futures volume data on October 5th, 2025. The delisting was due to concerns over suspicious trading activity, with DeFiLlama accusing it of artificially inflating trading volume to create a false impression that the coin has high demand in the market.

The controversy arises amidst the upcoming Genesis Stage 2 airdrop of the network, which will unlock 4% of the total supply into circulation. Traders fear another drop in its price due to the unlock, and new investors are uncertain about investing in it. Understand the Risks of Virtual Currency Trading (CFTC) highlights how such events can increase risk for retail investors.

While various traders exited their positions due to the suspicion about the reported $60 billion daily trading volume, Aster supporters still value the long-term potential of the network. ASTER is now trading at $1.89, 22.5% down from the all-time high of $2.42 it achieved on September 24th, 2025.

Aster’s Removal From DeFiLlama Over Washtrading Accusations Creates Social Media Backlash

The allegation of wash trading was first revealed by DeFiLlama’s pseudonymous co-founder, 0xngmi, who noticed that ASTER trading volumes have been mirroring Binance Perp volumes almost exactly. The DeFiLlama team began an investigation and temporarily delisted ASTER perpetual futures volume data. “Until we can get the data to verify if there’s washtrading, aster perp volumes will be delisted,”0xngmi tweeted.

Following the removal, Aster supporters attacked DeFiLlama on X (Twitter) with accusations such as they got paid to delist it, and they posted publicly instead of silently delisting to target Aster. Also, various traders opined that a warning was suitable instead of sudden delisting. 0xngmi replied that the delisting was due to its alteration of their total perp data, which will affect their entire api users. Also, 0xngmi clarified that they have delisted many other DEXs before because of wash trading.

Various Aster supporters posted on X that they will no longer use DeFiLlama, and urge traders to shift into Dune, another open-source analytics platform. However, the pseudonymous creator of Dune Dashboard, odbtc.sol, clarified that their platform is using the DeFiLlama API to grab analytics data. “I used DeFiLlama’s public API as the data source, & Dune was only the visualization layer to compare (Aster vs Hyperliquid vs Lighter) and show how skewed the metrics were,” he tweeted. He also praised 0xngmi for taking the necessary steps.

Aster’s Current Market Scenario: Will it Survive the Crash?

  • Fear & Greed Index: 21 (Extreme Fear) 
  • Market Sentiment: Bearish 
  • Supply Inflation: 20.76% (High) 
  • Dominance: 0.08% 
  • Volatility: 60.61% (Extremely High)

As a DEX backed by YZi Labs, the investment firm co-founded by Binance founder Changpeng Zhao (CZ), Aster is still valued in the larger cryptocurrency environment. Despite the trading volume manipulation issues, we can expect the project to resume its bullish phase soon, as observed by market analysts. Beyond the advanced utilities, the ASTER token is backed by renowned billionaire James Wynn, who put a 3x longer position on it recently.

While the upcoming 4% unlock of the ASTER tokens in relation to the Genesis Stage 2 airdrop is expected to create short-term fluctuations similar to today’s dip, it has the potential to become a valuable asset in the long run. Various predictions forecast it reaching a maximum value of $8 by 2030. At the time of writing, ASTER has witnessed a quick uptrend to $2.04, increasing the optimism among investors.

About Aster DEX

Aster is a next-gen decentralised exchange that allows investors to trade cryptocurrencies in both perpetual and spot options. It also offers liquid-staking tokens (asBNB) and yield-generating stablecoins (USDF) as collateral, allowing safe and efficient financing. The native asset of the network is $ASTER, mainly used for transactions and governance. The project is backed by YZi Labs, an investment firm owned by Changpeng Zhao and his partner Yi He. 

Ethan Clarke

Ethan Clarke

Crypto & Blockchain Expert

Ethan Clarke is a respected cryptocurrency journalist and fintech researcher with over 6 years of experience writing about blockchain technology, digital assets, and decentralized finance. He holds a Bachelor’s degree in Finance and a Postgraduate Diploma in Blockchain Strategy, blending financial expertise with deep technological insight. Ethan specializes in covering major crypto topics, including Bitcoin, Ethereum, DeFi protocols, NFTs, and regulatory developments. He is also known for his thorough and unbiased reviews of crypto-related products such as cryptocurrency brokers, wallets, exchanges, and automated trading platforms. Each review is based on in-depth research, hands-on testing, and performance analysis to help readers make informed decisions.
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