The decentralized finance (DeFi) analytics platform, DefiLlama, has announced the removal of perpetual trading volume data for the Aster decentralized exchange (DEX) due to concerns regarding the integrity of the data. According to 0xngmi, a co-founder of DefiLlama, the trading volumes on Aster showed an almost perfect correlation with those from Binance.

Aster, which is tied to CZ, the co-founder of Binance, is currently reflecting Binance’s perpetual trading volumes closely. In a statement, 0xngmi said the correlation ratio between the trading volumes of Binance and Aster is approximately 1. He further elaborated:

“Aster does not allow access to lower-level data, such as details on who is placing and filling orders, so until we obtain that information to check for wash trading, Aster’s perpetual volumes will be delisted.”

DefiLlama reached out to Aster representatives but had not received a reply by the publication time.

Since its establishment, Aster has emerged as a competitor to Hyperliquid, a decentralized crypto futures exchange, capturing notable attention in the crypto space, particularly due to CZ’s associations with it.

Open interest on Aster has soared by over 33,500% within a week during late September, indicating a high demand level for this DEX. The daily trading volume also spiked to an unprecedented $60 billion on September 25, a pivotal moment highlighted by DefiLlama. The surge has been linked to Aster’s growth as it draws interest from traders and investors alike.

Market analysts predict Aster’s token pricing, currently around $1.83, could experience significant growth, potentially reaching around $10 as the market trends improve in October.