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eh so not saying it's 100% real but -- what % real would you guess it is?
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To be very honest, I’m not an expert so I’m just relying on ’s data here. I guess they factored in the ‘questionable’ volume under Normalized haha.
Don’t quote me kind sires
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I think is being too conservative on their spot volume but also that page doesn't have their futures; you have to add on this:
(yeah ignore CoinTiger, that should be filtered out :P )
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also note that Uniswap fees are currently *literally 0* (maker rebates don't count :P)
so that's the volume when they don't try to charge; when they do, we'll see.
It's easy to forget in all the DeFi hype that so far DeFi doesn't really have revenue, and the massive volume spikes still put it at less than 10% of CeFi.
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Uniswap protocol fees are 0, fees are 0.3, originally the idea was to become 0.25/0.05 in the future, and sushiswap did it.
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