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- Aster leads all perpetual DEXs with $41.78B in daily volume.
- DefiLlama delisted Aster’s data citing suspicious Binance-like patterns.
- ASTER token skyrocketed 9,900%, boosting its market cap to $3.37B.
Aster has taken the decentralized trading world by storm. According to CoinMarketCap, the platform recorded an astonishing $41.78 billion in daily trading volume, outpacing competitors like Lighter ($10.13B) and Hyperliquid ($9.02B). Yet, as its numbers soar, questions about data integrity have started to cast a shadow over its rapid rise.
Aster’s Meteoric Growth in DeFi Derivatives
Aster isn’t just leading in trading volume—it’s also the top earner in daily revenue, bringing in $13.44 million in trading fees. While Hyperliquid maintains the largest open interest at $14.68 billion, Aster’s momentum in both user activity and liquidity growth has been unmatched. Other platforms such as edgeX, Apex, Paradex, and GRVT are trailing closely behind in a race to dominate the decentralized derivatives landscape.
DefiLlama Delists Aster Amid Data Correlation Concerns
Despite its success, Aster’s credibility took a hit when DefiLlama delisted its trading data, citing “unusual” correlations with Binance’s perpetual contracts. Founder 0xngmi noted that Aster’s trading volumes mirrored Binance’s patterns too closely—an anomaly for independent DEXs.
Since Aster doesn’t publish on-chain order-level data, analysts cannot easily verify if the reported volumes reflect genuine user activity or potential wash trading. DefiLlama has clarified that the suspension is temporary, pending verification or added transparency measures.
Binance Connection Strengthens Market Trust
Controversy aside, Aster’s strong association with Binance’s ecosystem continues to fuel investor confidence. Binance founder CZ’s public endorsement and the involvement of YZi Labs—Binance Labs’ rebranded venture arm—have amplified Aster’s credibility. YZi Labs previously invested in Astherus, Aster’s precursor, and now provides deep access to the BNB Chain’s liquidity and infrastructure.
Also Read: ASTER Phase 2 Airdrop Kicks Off Amid $5B Market Surge and Binance Listing Buzz
Adding fuel to the fire, Aster’s native token, ASTER, has surged nearly 9,900% since its September 17 launch, jumping from $0.02 to $1.99. This explosive rally pushed its market cap to $3.37 billion, ranking it as the 52nd largest cryptocurrency globally, according to CoinGecko.
Aster’s rise embodies both innovation and controversy—a decentralized platform delivering record-breaking growth while facing scrutiny over its transparency. Whether the current doubts prove valid or not, Aster has undeniably positioned itself as a major player shaping the future of decentralized perpetual trading.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
