In the DeFi world, some 'shadow whales' hide behind complex on-chain transactions, profiting through wash trading and manipulation. They may trade with each other through multiple wallet addresses, creating false trading volumes and prices. Identifying these 'shadow whales' has become a significant challenge. Bubble Maps is becoming our 'searchlight', revealing these behaviors hidden in the darkness.
Tracking the 'network of relationships' between addresses
What attracts me most about Bubble Maps is its ability to display the correlations between wallets through 'bubble charts'. Through this feature, we can track the 'network of relationships' of these 'shadow whales'. If we find multiple wallet addresses that, while appearing independent, have a significant amount of trading interactions, it is very likely that a single entity is engaging in 'wash trading' or 'manipulation'.
Revealing false liquidity
In some DeFi projects, the holders of liquidity pool tokens may be highly concentrated among a few addresses. These addresses may be controlled by the project team to create a false sense of liquidity boom. With Bubble Maps, we can see the holdings of LP tokens, thereby revealing this 'false boom'.
Providing decision support for DeFi players
Bubble Maps provides us DeFi players with a powerful decision-support tool. It allows us to gain deeper insights into the fundamentals of DeFi projects, rather than just looking at APY. Through data analysis, we can identify projects that carry risks, thereby protecting our assets.
