$HFT Coin Skinning Record: The Dealer Pretends to be a DEX to Harvest Retail Investors
Essential Criticism
Disguised as a decentralized exchange, it is actually forming an institutional market maker alliance. Retail investors who participate are just blood bags for the dealer — low slippage is true, but the price is entirely controlled by a dozen professional market makers.
So-called advantages are all traps
Only plays mainstream coins: BTC/ETH/SOL to form a market, other coins want to be listed? No chance (afraid the dealer can't control the market).
Cross-chain is a gimmick: Claims to cross 5 chains, but the actual depth is as bad as the Earth's core, with large transfers costing 3 times more than Uniswap.
Defense against sandwich attacks: The price is that you get robbed in plain sight! Market makers secretly widen spreads, taking an extra 0.8% fee from you on each transaction.
Ultimate Harvesting Technique for Tokens HFT
You pay the toll: Trading is forced to use HFT for payment, with a fee rate of 0.05% (industry standard 0.01%), a feathering scheme.
The dealer pays protection money: Want to be an official market maker? First, lock up 100,000 HFT (about 230,000 RMB), making it easier to control the market together.
Inflation lays mines: Every year, a hard increase of 12% is given to market makers as “rewards,” which actually devalues the tokens held by retail investors.
Data Flops in the Light
Daily active users are only 1,200 (one-sixth of Uniswap's), boasting sounds stale.
Total locked up is 47 million USD (not enough for a second-tier exchange's daily turnover), real demand is essentially zero.
The dealer controls 92% of the market: The top ten addresses hold the chips, a casual shake can halve the coin price.
Retail Survival Guide
When you see a pump, don’t follow the trend: There’s a high probability the dealer is flipping coins, going in means you’re trapped.
If you have holdings, sell quickly: Annual inflation of 12% means holding coins is a slow loss.
If you really want to play DEX: Use CowSwap to fend off front-running attacks, or wait for Uniswap’s regulatory dividends.
Final blunt words: Tricks like HFT should have long been forgotten; instead of studying it, you might as well set up a pancake stall at the community entrance.
It’s better to enjoy together than alone; if you reach out, I can pull you ashore!!
SUI TURMP BONK PEPE OM SOL PNUT
