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Cryptocurrency Ecosystem => DeFi tokens => Topic started by: H2O on April 01, 2021, 02:18:33 AM

Title: $11 Billion in ‘Fake’ Uniswap Volume Causes DeFi Project and DEX to Clash
Post by: H2O on April 01, 2021, 02:18:33 AM

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://cryptonews.net/506271/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)