Aster Reclaims Perp DEX Dominance as Wintermute Returns to Buy ASTER Tokens

Updated

October 22, 2025

Gambar Aster Reclaims Perp DEX Dominance as Wintermute Returns to Buy ASTER Tokens

Jakarta, Pintu News – Aster is again gaining momentum in the perpetual DEX space as it managed to surpass Lightchain in 24-hour transaction volume. This comes after Wintermute quietly accumulated millions of tokens, following an earlier period of heavy selling.

Aster Reclaims Top Spot in Perp DEX Rankings

Based on data from DefiLlama, Aster leads the perpetual decentralized exchange (perp DEX) market with over $10.6 billion in trading volume in the last 24 hours. Aster is slightly ahead of Lighter which recorded $10.1 billion, while Hyperliquid is in third place with $8 billion.

Aster’s resurgence comes after several weeks of doubt, following DefiLlama’s initial decision to remove its trading data. At the time, DefiLlama questioned whether activity on the platform was truly organic or manipulated, as it found an “almost perfect correlation” with volume reports from Binance.

However, DefiLlama has quietly returned Aster’s data to their analytics dashboard without any public announcement. This action sparked further discussion in the DeFi community.

Dragonfly Managing Partner Haseeb Qureshi highlighted the “huge gaps” in the updated trading history, and questioned whether the data had been verified.

So after the earlier delisting drama, @Aster_DEX is now back on @DefiLlama but with big gaps in their historical data.

Doesn't seem like the re-listing was ever publicly discussed… are we good now? Satisfied volume numbers are legit @0xngmi? https://t.co/CzsDfcDPuI pic.twitter.com/zRzLVqlRGd
— Haseeb ＞|＜ (@hosseeb) October 19, 2025

The platform’s anonymous founder, 0xngmi, admitted that the numbers are still a “black box.” He also confirmed that the Aster team requested that their data be returned while a new verification system was being developed.

The move coincides with Robinhood’s decision to list ASTER in spot trading, which helped lift the token’s price from its recent lows amid broader market weakness.

Wintermute buys back ASTER after massive sell-off

Meanwhile, Wintermute seems to be changing its attitude towards the ASTER token. After weeks of gradually selling tokens and sending over $4.8 million to exchanges such as Bybit and Gate, the institution is now reportedly back in accumulation mode.

On-chain data shows that Wintermute currently holds around 2.7 million tokens – a huge jump from the mere 5,400 tokens left after the previous liquidation phase.

Wintermute are back at it buying the dip and they now hold 2.7m $ASTER https://t.co/2ziXHMvScR pic.twitter.com/Xmjuy96B4O
— Yazan 🇵🇸 (@YazanXBT) October 20, 2025

This repurchase comes at a time when the token price is still at its recent low, signaling that Wintermute may be preparing for a potential recovery in ASTER’s price and trading ecosystem.

One of the latest challenges came from the ASTER token airdrop event. After discovering a discrepancy in the user allocation ratio, the DEX side decided to stop the distribution. Some participants received the wrong amount, while others were allocated accordingly.

The Aster team explained the issue and promised to compensate the affected users. They also decided to temporarily suspend the process to investigate the cause of the discrepancy.

Despite the disappointment, the Perps platform emphasized its commitment to transparency and fairness. They assure users that the final allocation will not be less than the amount they are supposed to receive.

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