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Uniswap charges a fee per swap. Generating billions of dollars worth of fake stablecoin transaction volume per day would cost you millions of dollars. The comp
by mattdesl 4y ago
Uniswap charges a fee per swap. Generating billions of dollars worth of fake stablecoin transaction volume per day would cost you millions of dollars.
The comparison is suitable to show relative scale: $12B over some years sounds like a lot, until you realize it is a small fraction of the total crypto market. Likewise, you could paint VISA as being rampant with fraud by pointing to the many billions lost per annum in credit card fraud, but this represents a small percentage of all VISA activity.