The decentralized financial analysis (DEFI) platform Defillama develops perpetual term volume data for the decentralized exchange platform (DEX) ASTER due to data integrity problems, according to 0xngmi, pseudonym co-founder of Defillama.
The volume of trading on ASTER, which is linked to CZ, co-founder of the Binance Crypto Exchange, “reflects almost exactly the volumes of Binance Perr,” said 0xngmi, adding that the correlation ratio between the trading volumes of the Binance and the Aster is around 1. He continued: he continued: he continued: he continued: he continued: he continued:
“Aster does not allow you to obtain lower level data, such as which makes and fills the commands, so until we can obtain this data to check if there is a washing trading, the ASTER perpetual volumes will be radiated.”
Cointelegraph holded out the ASTER team, but had not received an answer at the time of publication.
ASTER has become a competitor of the hyperliquid, an exchange of future decentralized crypto crypto in September, and drew the narrative attention of the cryptographic community because of the links of the CZ with the platform and the popularity of the hyperliquid.
In relation: ASTER weighs the acquisition hours for the beneficiaries of token sets
Analysts weigh if ASTER can exceed the hyperliquidal
An open interest on ASTER jumped more than 33,500% in less than seven days during the week of September 24, signaling a significant demand for perpetual term contracts and by putting its commercial activity equally with hyperliquid.
The daily perpetual negotiation volume reached a summit of $ 60 billion on September 25, according to the DEFI Analytics Defillama platform.
The increase in the volume of trading has been attributed to Aster’s growth, because the platform captures merchants and investors in the cryptographic community.
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Aster’s price can still increase by 480%, which is priced at around $ 10, predicted the market analyst in September. “Aster has already overturned media in daily volume and daily income,” he said.
The Aster token is negotiated at around $ 1.83 when writing this article, down compared to its high price of more than $ 2.30, according to CoinmarketCap.
The Aster token could rally up to 35% and train new heights of all time in October, which is generally a good month for cryptography prices, providing for analysts.
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