$11 Billion in ‘Fake’ Uniswap Volume Causes DeFi Project and DEX to Clash

[Galaxy]

Someone’s figured out how to make Number Go Up.
A day after helping Uniswap set a new, albeit short-lived and dubious, record for daily transaction volume, Delta.financial has done it again—to the chagrin of Uniswap, one of the largest decentralized exchanges in the world.

Delta is a DeFi protocol for removing volatility from options trading by stabilizing liquidity. An anonymous developer with the CORE team, which built Delta, has released a smart contract that allowed nearly $11 billion in trading volume for a single token to be registered over the last 24 hours on Uniswap. That would be a new record, though it’s unlikely it will stand; Uniswap Info, an analytics site, yesterday invalidated Delta volume.
Source: https://decrypt.co/63458/11-billion-fake-uniswap-volume-defi-project-dex-clash