Hyperlane volume data is questioned by LayerZero co-founder for possible wash trading.
According to Wu Shu, LayerZero co-founder Bryan Pellegrino has questioned the transaction volume data of the cross-chain communication protocol Hyperlane. Bryan Pellegrino pointed out that there are specific addresses that make $24,000 round-trip transactions every 30 seconds, creating fake transaction volumes.
Hyperlane responded that the relevant trading activities come from users pursuing HYPER rewards and are unrelated to the protocol party. Bryan Pellegrino further pointed out that there is an unfair phenomenon in the distribution of Hyperlane token rewards. It is worth noting that LayerZero implemented large-scale anti-witch measures during its previous token airdrop.
- 1
- 2