submitted 9 months ago* (last edited 9 months ago) by snitchy_asc@monero.im to c/monero@monero.town

8 comments fedilink hide all child comments

By looking on coingecko, you can notice a volume declining over the years and I might identified the issue, that could be seen as an iceberg.

Visible level : Spot/Perp/DEX prices

Deep level (not tracked) : crypto-swap exchange, localmonero or atomicswaps

Theres a looot of volume not tracked in the deep level, since a monero user is most likely using these ways (just look the last bad new it was a "nokyc" swap)

How this can be solved ?

you are viewing a single comment's thread
view the rest of the comments

[-] monerobull@monero.town 5 points 9 months ago

Based on the current liquidity on samourai swaps and BasicSwapDex, I doubt there is THAT much volume going unnoticed but there is definitely some. I'm very interested in what SeraiDEX will reveal about Monero.

[-] snitchy_asc@monero.im 3 points 9 months ago

I mean, all theses swaps going on "non-custodial" exchanges, their volume are not tracked. they probably represents a lot of transactions involved in circular economies. 600k tx in February while theres less volume isnt make sense

load more comments (1 replies)

this post was submitted on 10 Feb 2024

4 points (70.0% liked)