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Actually with gas costs being what they are, wash trading is extremely costly on Ethereum DEXs, which makes their volume much more reliable. Wash trading relie
by gomox 5y ago
Actually with gas costs being what they are, wash trading is extremely costly on Ethereum DEXs, which makes their volume much more reliable.
Wash trading relies on low/nonexistent fees to be cost effective as a market signal.
- catern 5y agoInteresting! That reminds me of the argument that market manipulation makes markets more efficient by increasing the reward available to honest participants. Wash trading being discouraged by high trading fees doesn't have the same incentive structure, but I wonder if you could arrange it the same way?