Odaily News According to a report released by Solidus Labs, since September 2020, crypto token deployers and liquidity providers have conducted wash trades worth more than $2 billion on DEX on the Ethereum chain, manipulating more than 20,000 tokens. price and trading volume. The researchers conducted a wash trading investigation on three DEXs. Among the 30,000 DEX liquidity pool samples on the Ethereum chain, 67% of the liquidity providers performed wash trades, of which wash trades accounted for 13% of the total transaction volume of these pools. %. Solidus researcher Will Kueshner said in an interview: The liquidity pools we studied accounted for only 1% of all pools in each chain and DEX. It is possible that the true size of wash trading on DEX is much larger than this. According to Solidus According to the statement, wash trading on Ethereum is not cheap and can cost between $1 and $5 per transaction. But profits can cover costs. For example, in May 2021, Shibafarm token deployers removed bilateral liquidity from the liquidity pool and made approximately $2 million in profits within two hours. (Bloomberg)