CoinageReport: One sourced argument a week on the number crypto is getting wrong.

Markets open · Independent crypto analysis September 7, 2026
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The Weekly Take

The Weekly Take: DefiLlama Discounts Some Perp Volume by 41%. The Number Everyone Quotes Doesn’t Include the Discount.

The most-cited tracker for on-chain perpetuals publishes two volume columns — one it normalizes, one as protocols report it. But only for 24 hours. The 30-day figure the…

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