Telling the truth? How crypto data aggregators fight fake exchange volumes
Crypto data aggregator websites are stepping up their game to fight fake exchange volumes — but it’s not all smooth sailing. Today, cryptocurrency data aggregators are tasked with being the first point-of-contact for newbies entering the space and also providing up-to-date information to experienced users. While the COVID-19 pandemic has caused a global economic downturn, the crypto industry is booming. Previously skeptical investors have started to test the waters, and data providers are dying to make a lasting impression.Market data aggregators, or data providers, are platforms that....
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More and more traders are turning to DEX aggregators to seek out the best rates for token swaps. Trading volumes on popular decentralized exchange (DEX) aggregators have surged to new highs over the past few weeks.Decentralized exchange aggregators provide a way for token traders and swappers to scan several DEX platforms to get the best swap rates at the time.According to Dune analytics, popular DEX aggregators such as 1inch, 0x, and Paraswap have seen volumes surging over the past month. The combined volume for those three hit a cumulative weekly all-time high of $6 billion last week,....
"The shitpost is mightier than the thinkpiece." That's a quote a friend says he saw in the news once, though I can't find it. He swears he didn't make it up. But it's not out there on the Internet it seems, and if it is, it's lost in the millions of tweets, texts and tumblrs. That's the way the truth is these days, lost in the pages upon pages upon pages... It's concerning, this degradation of truth that has come as content has migrated from newsprint to digital platforms. Just because something seems (or sounds) true doesn't mean it is. Like the quote, fact-based content seems....
Bitcoin trading volumes have always surpassed expectations in the past. Last week, celebrations filled the community as the digital asset had reportedly seen more than $1 trillion transacted on the network so far. However, a new report claims that the trading volumes reported by exchanges may be inflated. The main number, they predict, to be much lower than what is being reported, especially on a daily basis. Reported Bitcoin Volume Fake A new analysis report from Forbes has come back with the conclusion that more than half of bitcoin’s daily reported volumes are fake. The report focuses....
DeFi users are increasingly turning to aggregators to get the most cost effective trades. Decentralized finance aggregators are growing in popularity in 2021 as the embryonic industry continues to expand.Delphi Digital analyst Ashwath Balakrishnan has observed that year-to-date growth for DeFi aggregators puts the sector on track to dwarf 2020’s figures.The researcher noted 1inch, Matcha, and Paraswap facilitated a total $9.3 billion of volume across 2020 — but that as of Feb. 16, the 1inch exchange alone had recorded close to $10 billion in volume in just the first 46 days of 2021.1/....
For Bitcoiners to embrace a fight is to take time away from the natural truth and love that Bitcoin leads people to.