Everyone checks volume. Almost nobody checks whether the volume is real. @bencirc, CEO of @Circular_fi, on why arbitrage revenue is the cleanest fake-volume filter on Solana "You can check every data related to the arbitrage, the revenue, the volume, but also which token is generating money and generating revenue. This is kind of a proof of volatility, or a proof of volume" "As you know, a lot of meme coins are wash traded. There's a lot of fake volume, a lot of fake transactions. If you just work on the arbitrage, you can find some real activity based on that" "Because if a token generates a lot of revenue directly related to arbitrage, you can say okay, at least part of this volume is not wash trade. Why? Because a lot of traders lost value into this token, which means there's a lot of real activity in it"