This is one of the problems we want to tackle – detecting bad actors by analyzing trading activity on DEXs helps to fight inflated trading volume and wash trading!
Last week’s roundup of crypto promoters and traders following an elaborate sting operation served as a reminder that fake trades used to inflate prices continue to be lingering issue in the digital asset world trib.al/8vcCwLE
That's why we need transparency and decentralization.
DeFi Depths is working on solving this problem with counterparty analysis and DEX liquidity scoring to identify fake volumes!
🚨REPORT: @Solana's Spot DEX volumes have exploded to $480 billion year-to-date (YTD) in 2024, surpassing the annual volumes of 2022 and 2023.
➡️ 22x increase compared to 2022.
➡️ 11x increase compared to 2023.
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Dev work @QuanDeFi
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🗓️ Explore The Agora, Kaiko’s institutional forum @TheAgora_Event
✍️ https://t.co/BvRZ5wG6sL
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