DefiLlama Creator Launches All-Out Attack on ASTER Crypto: Will Binance Listing Rescue It?
On October 5, an unexpected revelation shook Aster Crypto, the recently launched Perp DEX platform that has surged in the market with a remarkable +7,000% increase in its native crypto token, ASTER. Backed by YZi Labs, the network has also excelled in total value locked (TVL) and trading volume, rapidly outpacing rivals, including Hyperliquid.
Nevertheless, these statistics have attracted criticism, leading the Web3 data aggregator DefiLlama to remove its perpetual volume data for Aster. Additionally, the founder of DefiLlama took to X to elaborate on the reasoning behind the platform’s decision to delist Aster.
This situation is a severe blow for ASTER crypto, as DefiLlama is considered a leading authority on Web3 protocol metrics. In the wake of these events, ASTER experienced a 10% decline, dropping to $1.87 overnight, marking a troubling trend for Binance founder CZ and his favored Perp DEX initiative.
DefiLlama Founder Discusses Aster Perp Volume Delisting
We’ve been examining Aster’s volumes, and recently they’ve begun to closely resemble Binance’s perpetual volumes.
The chart on the left displays XRPUSDT on Aster, with the volume ratio to Binance being around ~1.
The chart on the right highlights XRP’s perp volume on Hyperliquid, where there’s… pic.twitter.com/MwVD7rRyEn
— 0xngmi is hiring (@0xngmi) October 5, 2025
0xngmi, the pseudonymous founder of DefiLlama, raised alarms regarding Aster’s data in an X post on Sunday, revealing that Aster’s volume has recently mirrored that of Binance perpetuals.
Charts shared by 0xngmi illustrate a significant correlation between Aster’s volumes and Binance from late Saturday through Sunday. The founder also offered evidence that such correlation is absent in Hyperliquid.
“Aster doesn’t enable access to lower-level data, such as order creators and fillers, so until we can obtain this data to check for wash trading, Aster’s perp volumes will be delisted,” 0xngmi stated.
To clarify that they are not involved in the current discourse surrounding Hyperliquid and Aster, 0xngmi remarked they have never possessed either HYPE or ASTER tokens, asserting, “What matters to me is the integrity of our data.”
Following 0xngmi’s post, the price of ASTER crypto plummeted over 15% to below $1.8 but has since stabilized at $1.87. The outlook for Aster is grim, as numerous prominent individuals in the Web3 sector are voicing concerns and advising caution regarding the potential risks of holding this dubious asset.
Kudos to @0xngmi, DeFiLlama’s founder, for making the difficult decision to withdraw Aster’s volume data, prioritizing data integrity and user security.
I’ve consistently noted that Aster’s volumes seemed significantly manipulated and rife with wash trading. Gradually, their… pic.twitter.com/UCInmADCJL
— Simon Dedic (@sjdedic) October 6, 2025
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Can Listing ASTER Crypto on Binance Save It from Plummeting?
The repercussions of DefiLlama’s delisting of Aster’s perp volume have compelled Binance to act, as the world’s largest exchange announced a spot ASTER listing aimed at reviving the token’s fortunes.
During a YZi Labs dinner this past weekend, a photo revealed Aster listed alongside other projects in the BNB
BNB
4.71%
BNB
BNB
Price
$1,219.74
4.71% /24h
Volume in 24h
$3.02B
Price 7d
Ecosystem, together with Binance, BNB Smart Chain, PancakeSwap, Trust Crypto wallet, and CoinMarketCap.
Binance is set to list @Aster_DEX (ASTER) with a Seed Tag added.
More details
— Binance (@binance) October 6, 2025
This only confirms what many suspected: that Aster is influenced by those behind Binance, thus it is not surprising that the trading protocol has elected to list ASTER crypto during a moment of intense scrutiny.
The Aster listing announcement by Binance was made nearly an hour ago as of this writing, and a flicker of hope for ASTER supporters has seen the price leap from $1.87 to $2.05. This +10% surge has reversed the losses incurred from DefiLlama’s actions yesterday, but the sustainability of this rise remains uncertain.
If ASTER crypto fails to maintain above $2 by the end of the day, it would indicate that considerable damage has been inflicted, suggesting that a Binance listing may not be sufficient for recovery.
Is ASTER Crypto Destined for Zero? Traders and Analysts Appear to Believe So
So @Aster_DEX $ASTER has been exposed for artificially manipulating their own airdrop with bots and washtraders.
Their own Discord members are revealing their actions live in the chat.
With 140 billion volume but over 550 billion RH points, it defies belief.
They assert that 280 billion points originated from…
— Nipple (@SuperNipple67) September 29, 2025
Traders are eagerly jumping at the chance to condemn ASTER, with Noodles encapsulating the concerns with this post on X;
“Replicated an outdated DEX (Apollo), lacking any innovation. Concealed fictitious volumes to inflate metrics and excitement, engaging in blatant wash trading. Promoted an “anti-DeFiLlama” narrative to mislead anyone unveiling the genuine data.
In short: Bet against Aster until it hits zero. Can you name the last worthwhile project ever launched on Binance? I highly doubt it.
No cutting-edge Decentralized finance solutions, no authentic DEX technology, no lending protocols, no genuine order-book advancements….nothing.”
This sentiment from Noodles resonates across social media, indicating that YZi Labs, Binance, and CZ will need to leverage all possible channels to rehabilitate Aster Crypto’s image and avert the ASTER price from collapsing to zero.
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The article DefiLlama Founder Goes Scorched Earth on ASTER Crypto: Can Binance Listing Save It? was first published on 99Bitcoins.
