Conversation
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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.
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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.