Comparing OI/Vol across perp dexes and Aster and saying "they're faking it too much" is a surface-level, awful take
Criticism of Aster misses that users are actively trading and pumping positions there
Trading activity is one aspect of relevancy and can be very bullish, showing attempts to make a top product
It's not "fake it til you make it" either — another weak take
Market making at scale has long been part of building liquidity. The signal isn't in the noise of OI/Vol debates, it's in which platforms sustain real flow once the scaffolding comes off
Institutional OI on centralized exchanges indicates genuine interest, but perp-dex volume often fizzles when funding pressure spikes, which is likely to happen with hyperliquid and other perp dexes now competing with Aster