Over 95% of tokens launched on Uniswap are scams – Research
About 97% of the crypto projects launched on Uniswap are rug pulls, according to a recent study titled “Do Not Rug On Me: Zero-Dimensional Scam Detection .”. The study undertaken by Bruno Mazorra, Victor Adan, and Vanesa Daza suggests that the simplicity of Uniswap and its lack of regulation makes it easy for scammers to list non-valuable tokens on the platform. The study examined 27,588 tokens, of which 631 were deemed non-malicious, and 26,957 were deemed malicious. A total of 24,870 of the malicious are fast rug pulls, while 2,087 are not LP Burns.
#1 Source for Crypto News
