{"id":102395,"date":"2025-10-06T09:25:06","date_gmt":"2025-10-06T09:25:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=102395"},"modified":"2025-10-06T09:25:06","modified_gmt":"2025-10-06T09:25:06","slug":"defillama-founder-goes-scorched-earth-on-aster-crypto-can-binance-listing-save-it","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=102395","title":{"rendered":"DefiLlama Founder Goes Scorched Earth on ASTER Crypto: Can Binance Listing Save It?"},"content":{"rendered":"<p>Yesterday (October 5), a bombshell was dropped on Aster Crypto, the newly launched Perp DEX platform that has taken the market by storm with a +7,000% price increase for its native token, ASTER. The YZi Labs-backed platform has also dominated TVL and trading volume metrics, quickly surpassing the competition, including Hyperliquid.<\/p>\n<p>However, it is these numbers that have come under scrutiny, with the Web3 data platform DefiLlama delisting its perpetual volume metrics and the founder of DefiLlama posting a thread on X, explaining why the platform has delisted Aster.<\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p>This is a damning indictment for ASTER crypto, as DefiLlama is regarded as the gold standard for Web3 protocol metrics. ASTER has crashed by 10% to $1.87 overnight, which appears to be the beginning of the end for Binance founder CZ and his pet Perp DEX project.<\/p>\n<h2>DefiLlama Founder Explains Aster Perp Volume Delisting<\/h2>\n<p>We&#8217;ve been investigating aster volumes and recently their volumes have started mirroring binance perp volumes almost exactly<\/p>\n<p>Chart on the left is XRPUSDT on aster, you can see the volume ratio vs binance is ~1<\/p>\n<p>Chart on the right is XRP perp volume on hyperliquid, where there&#8217;s\u2026 <a href=\"https:\/\/t.co\/MwVD7rRyEn\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/MwVD7rRyEn<\/a><\/p>\n<p>\u2014 0xngmi is hiring (@0xngmi) <a href=\"https:\/\/twitter.com\/0xngmi\/status\/1974801402456051868?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 5, 2025<\/a><\/p>\n\n<p>DefiLlama\u2019s pseudonymous founder, 0xngmi, raised concerns over Aster\u2019s data in an X post on Sunday, showing evidence that Aster\u2019s volume has begun closely mirroring that of perpetuals on Binance in recent days.<\/p>\n<p>0xngmi posted charts that show a tight correlation between volumes on Aster and <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-binance-listings\/\" target=\"_blank\" rel=\"noopener\">Binance<\/a> beginning late Saturday and continuing into Sunday. The DefiLlama founder also published data showing that the exact correlation does not exist on Hyperliquid.<\/p>\n<p>\u201cAster doesn\u2019t make it possible to get lower-level data, such as who is making and filling orders, so until we can get that data to verify if there\u2019s washtrading, Aster perp volumes will be delisted,\u201d 0xngmi wrote.<\/p>\n<p>In an attempt to distance themselves from the ongoing Hyperliquid and Aster culture war, 0xngmi stated they have never held any HYPE or ASTER tokens, saying, \u201cThe thing I care about is the integrity of our data.\u201d<\/p>\n<p>ASTER crypto dropped over 15% to below $1.8 when 0xngmi posted their X thread, but has since recovered and is trading for $1.87. Things aren\u2019t looking favorable for Aster, with many notable figures in the Web3 space calling the project out and warning followers of the risks associated with holding such a shady asset.<\/p>\n<p>Shoutout to <a href=\"https:\/\/twitter.com\/0xngmi?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@0xngmi<\/a>, founder of DeFiLlama, for making the tough call to delist Aster\u2019s volume data, prioritizing data integrity and protecting users.<\/p>\n<p>I\u2019ve been saying for a while that Aster\u2019s volumes looked heavily manipulated and full of wash trading. Slowly but surely, their\u2026 <a href=\"https:\/\/t.co\/UCInmADCJL\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/UCInmADCJL<\/a><\/p>\n<p>\u2014 Simon Dedic (@sjdedic) <a href=\"https:\/\/twitter.com\/sjdedic\/status\/1975111148815949878?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 6, 2025<\/a><\/p>\n\n<p class=\"p1\"><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">The 12+ Hottest Crypto Presales to Buy Right Now\u00a0<\/a><\/strong><\/p>\n<h2>Can an ASTER Crypto Spot Binance Listing Save it From Going to Zero?<\/h2>\n<p>The fallout from DefiLlama\u2019s delisting of Aster\u2019s perp volume has forced Binance\u2019s hand, with the world\u2019s largest exchange announcing a spot ASTER listing in an attempt to reverse the token\u2019s fortunes.<\/p>\n<p>At a YZi Labs dinner over the weekend, a picture was taken showing an image of Aster listed as part of the BNB <\/p>\n<p>\t<span class=\"cwp-coin-widget-container\"><\/span><\/p>\n<p>\t\t<!-- name of the coin in the text --><br \/>\n\t\t<span class=\"cwp-coin-widget-wrapper\"><br \/>\n\t\t\t<span class=\"cwp-coin-widget-holder \"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon \"><\/span><\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-label \">BNB<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-symbol hidden\">BNB<\/span><\/p>\n<p>\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price hidden\">$1,217.19<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend  positive\">4.43%<\/span><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t\t<br \/>\n\t\t\t<br \/>\n\t\t<\/p>\n<p>\t\t<!-- popup with basic info about the coin --><br \/>\n\t\t<span class=\"cwp-coin-popup-wrapper \"><br \/>\n\t\t\t<span class=\"cwp-coin-popup-holder\"><br \/>\n\t\t\t\t<span class=\"cwp-coin-name\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-icon\"><\/span><\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-name\">BNB<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-popup-symbol\">BNB<\/span><br \/>\n\t\t\t\t<br \/>\n\t\t\t\t<span class=\"cwp-coin-price\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-price-value\">$1,217.19<\/span><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t\t<span class=\"cwp-coin-trend positive\">4.43% \/24h<\/span><br \/>\n\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t<\/span><br \/>\n\t\t\t\t<\/span><br \/>\n\t\t\t\t<span class=\"cwp-coin-volume\"><br \/>\n\t\t\t\t\t<span class=\"cwp-coin-price-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-volume-title\">Volume in 24h<\/span><\/span><\/span><\/p>\n<p>\t\t\t\t\t<br \/>\n\t\t\t\t\t<span class=\"cwp-coin-volume-value\">$3.33B<\/span><br \/>\n\t\t\t\t\t&lt;!&#8211; <span class=\"cwp-coin-trend-holder\"><br \/>\n\t\t\t\t\t\t<span class=\"cwp-coin-trend\">?<\/span><br \/>\n\t\t\t\t\t<\/span>                     &#8211;&gt;<br \/>\n\t\t\t\t<br \/>\n\t\t\t\t<span class=\"cwp-coin-chart\"><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-title\">Price 7d<\/span><br \/>\n\t\t\t\t\t<span class=\"cwp-graph-container positive\"><\/span><\/span><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t<br \/>\n\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t\t\t\t<span class=\"cwp-coin-link\"><br \/>\n\t\t\t\t\t\t<a href=\"https:\/\/99bitcoins.com\/goto\/bestwallet\" target=\"_self\" class=\"cwp-coin-custom-link\" rel=\"noopener\"><br \/>\n\t\t\t\t\t\t\tLearn more\t\t\t\t\t\t<\/a><br \/>\n\t\t\t\t\t<\/span><\/p>\n<p>\t\t\t<\/p>\n<p>\t\t<br \/>\n\t<\/p>\n<p>\t Ecosystem, alongside <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-binance-listings\/\" target=\"_blank\" rel=\"noopener\">Binance<\/a>, BNB Smart Chain, PancakeSwap, Trust Wallet, and CoinMarketCap.<\/p>\n<p>Binance will list <a href=\"https:\/\/twitter.com\/Aster_DEX?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Aster_DEX<\/a> (ASTER) with a Seed Tag applied.<\/p>\n<p>More information  <a href=\"https:\/\/t.co\/kfCXUFCYPe\" target=\"_blank\" rel=\"noopener\">https:\/\/t.co\/kfCXUFCYPe<\/a> <a href=\"https:\/\/t.co\/yNosuuNN7T\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/yNosuuNN7T<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1975110396832018762?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 6, 2025<\/a><\/p>\n\n<p>This only confirmed what everyone already knew to be true: that Aster is controlled by the figures behind Binance, which makes it no surprise that the exchange has chosen to list ASTER crypto during a time when it is facing serious scrutiny.<\/p>\n<p>The Aster listing announcement from Binance was nearly one hour ago at the time of writing, and a glimmer of positivity for ASTER bulls has seen the price spike from $1.87 to $2.05. This +10% spike has undone the damage from the DefiLlama yesterday, but whether it can be sustained is another matter.<\/p>\n<p>If ASTER crypto can\u2019t close the day above $2, it would indicate that damage has been done, and a Binance listing may not be enough to save it.<\/p>\n<h2>Is ASTER Crypto Going to Zero? Traders and Analysts Seem to Think So<\/h2>\n<p>So <a href=\"https:\/\/twitter.com\/Aster_DEX?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Aster_DEX<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ASTER&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$ASTER<\/a> just got exposed for artifically farming their own airdrop with bots and washtraders.<\/p>\n<p>Their own discord members are exposing them live in their discord. <\/p>\n<p>140billion volume but 550b+ RH points, it should be impossible.<\/p>\n<p>They are claiming 280b points came\u2026<\/p>\n<p>\u2014 Nipple (@SuperNipple67) <a href=\"https:\/\/twitter.com\/SuperNipple67\/status\/1972665125971607667?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 29, 2025<\/a><\/p>\n\n<p>Traders are climbing over each other to put the nail into ASTER\u2019s coffin, with <a class=\"general-link\" href=\"https:\/\/twitter.com\/criptopaul\/status\/1974917616323182876\" target=\"_blank\" rel=\"noopener\">Noodles<\/a> summarizing the fud with the following <a class=\"general-link\" href=\"https:\/\/twitter.com\/criptopaul\/status\/1974917616323182876\" target=\"_blank\" rel=\"noopener\">post on X<\/a>;<\/p>\n<p><em>\u201cCloned an old DEX (Apollo), zero innovation. Masked fake volumes to inflate metrics and hype, full-on wash trading. Pushed an \u201canti-DeFiLlama\u201d narrative to mislead anyone exposing the real data.<\/em><\/p>\n<p><em>In short: Short Aster to zero. Tell me the last good thing ever built on Binance. I bet you can\u2019t name one.<\/em><br \/>\n<em>No innovative DeFi protocols, no real DEX tech, no lending protocols, no real order-book innovation\u2026.nothing.\u201d<\/em><\/p>\n<p>This sentiment from Noodles is being echoed across social media right now, meaning that YZi Labs, Binance, and CZ will need to utilize all available resources to salvage Aster Crypto\u2019s reputation and prevent the ASTER price from plummeting to zero.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\">Best Meme Coin ICOs to Invest in October<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener\"><span>Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/defillama-founder-goes-scorched-earth-on-aster-crypto-can-binance-listing-save-it\/\">DefiLlama Founder Goes Scorched Earth on ASTER Crypto: Can Binance Listing Save It?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Yesterday (October 5), a bombshell was dropped on Aster Crypto, the newly launched Perp DEX platform that has taken the market by storm with a +7,000% price increase for its native token, ASTER. The YZi Labs-backed platform has also dominated TVL and trading volume metrics, quickly surpassing the competition, including Hyperliquid. However, it is these [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102395","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102395"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102395"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102395\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}