Aster, a hot topic in Q3, has been the subject of much discussion. The root of the issue is DeFirama's recent exclusion of Aster's trading volume from its statistics. Below is the opinion of a DeFirama developer. We've recently been investigating Aster's trading volume, and it has recently begun to move almost exactly in sync with Binance's futures volume. The left chart shows Aster's XRPUSDT, and you can see that its volume ratio with Binance is nearly 1. The right chart shows Hyperliquid's XRP futures volume, and some de-correlation is evident. Because Aster doesn't allow for low-level data, such as who created and executed orders, Aster's futures volume is delisted until we can verify whether there was wash trading. Even if Aster's trading volume was 100% inflated due to wash trading, would it still have a trading volume of ~1 with Binance? This leaves open the possibility that Aster's trading volume may have been completely manipulated. Original text
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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