Solidus Labs, a leading entity in crypto-native trade surveillance and risk monitoring, has recently unveiled that a minimum of $2 billion worth of cryptocurrency has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. This revelation is part of Solidus Labs’ latest Crypto Market Manipulation Report.
The study, which analyzed around 30,000 DEX liquidity pools, found that 67% of these pools were tainted by wash traders. These traders, often executing transparent or concealed self-trades, aim to artificially influence crypto tokens’ prices or volumes. Notably, wash trading represented 16% of the total trading volume in the manipulated pools. Given the sample size, this figure is a …
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