Aster's Reinstatement on DefiLlama Raises Transparency Concerns
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Aster's Reinstatement on DefiLlama Raises Transparency Concerns

Aster's reinstatement on DefiLlama reveals significant gaps in historical data affecting transparency in decentralized finance metrics.

Decentralized finance (DeFi) data aggregator DefiLlama has quietly reinstated the decentralized exchange (DEX) Aster onto its analytics platform after several weeks of being delisted due to controversies regarding trading data.

Managing partner of Dragonfly, Haseeb Qureshi, flagged the issue on X, highlighting that the reinstatement occurred without any public announcements or discussions from either Aster or DefiLlama. Qureshi remarked on the ‘significant gaps’ in historical data and asked the pseudonymous DefiLlama founder 0xngmi whether the current figures are accurate.

In his response, 0xngmi stated that the team is still unable to validate the data, calling it a “black box.” He mentioned that while efforts are underway to develop a new system that would encompass additional metrics, Aster requested a relisting meanwhile.

“We’re working on a solution that will include other metrics to make this better, but since this might take some time aster team asked us to relist them meanwhile,”

Translation: We are developing a solution that will introduce additional metrics to improve transparency, but since this process is expected to take time, the Aster team requested a prompt relisting.

Historical Data Missing After Aster’s Return

Aster had faced delisting just two weeks prior due to inconsistencies found within its on-chain trading data, raising doubts about the authenticity of some reported activities. On October 6, 0xngmi noted the platform lacked the ability to track the identities behind order placements and executions, leaving it unable to differentiate genuine trading from wash trading.

The delisting from the data platform ignited a wider conversation concerning the influence of data providers. Supporters of Aster accused DefiLlama of exhibiting centralization, while some skeptics questioned the legitimacy of Aster’s rapid ascent to attention.

The situation exemplifies a persistent issue in assessing authenticity within decentralized markets, illustrating how swiftly data-related matters can undermine trust.

Aster’s Metrics Gone Live, but Gaps Remain

Despite the re-appearance of Aster’s metrics on DefiLlama, gaps in historical data remain.
This incomplete information hinders comparisons over time, impacting critical metrics like market-share trends, fee rankings, or cumulative revenue charts, essentially resetting Aster’s historical record for traders and analysts who depend on these statistics.

After its reinstatement, Aster continues to rank at the top for both 24-hour perpetual volume and seven-day perpetual volume metrics, followed closely by competitors Hyperliquid and Lighter.

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