/biz/ - Business & Finance

>>26402800
Calm down. Of all that volume maybe 10% is "real" volume. The other 90% is exchanges using MM bots to pump their perceived volume.
CEXs can do this easily as the trading is essentially free for them. DEXs can't fake their volume as easily because they would have to pay the trading fee for every trade.
On top of that I highly doubt whales will take the risk of using an unsigned, closed source executable to store their funds - far away from fiat off-ramps.
Binance's Exchange Score is 9.8/10 on CMC's official list, that matters a lot to whales who are the ones who create the actual volume on exchanges.