Findings from Alameda Research show fake crypto exchange volume is not as prevalent as previously thought. In a study released yesterday, findings show 68% of reported exchange volume is fake. This compares to a report from Bitwise Asset Management, released three months ago, that puts the figure between 80% – 90%.
While neither scenario is particularly palatable, fake volume is still a reality that plagues the crypto industry. Although there has been a counter response since Bitwise released their findings, for example in CoinMarketCap developing more transparent tools and metrics, Alameda Research believes using different methodologies can give a more accurate view of the problem.