this post was submitted on 10 Feb 2024

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Hidden-volume (monero.im)

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

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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 ?

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[–] 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