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RE: Why Unveiling Fake Volume is Essential for Market Growth
What a great post and yes wash trading is a major problem for exchanges that are looking to compete but offer a shitty experience/product or low trade volumes. Instead of actually competiting they're trying to make a quick buck because they know they are doomed to fail
Exchanges may be part of the ecosystem now but hopefully, we can find better ways to do this in the future, to have more DEX would be a start! Followed you too, im sure ill learn tons from keeping up with your posts
Thanks for your support @chekohler !
I'm glad you liked the article. The problem is the smaller exchanges that claim they have $500 million or so in volume. If you're interested, check out the Bitwise report (listed in sources at the bottom of the post).
It clearly shows how these guys manipulate their volume. This likely isn't even wash trading but straight up faking volume. Wash trading is another evil and solutions to fix that haven't come up yet. I'm working on some theories myself and would love to coordinate with exchanges to help implement this
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