https://nulltx.com/paper-volume-real-fees-the-single-tx-swaps-distorting-on-chain-market-dashboards
Bitquery’s six-chain audit has mostly been read as a Solana story, and the 58.4% figure earned that. The stranger finding sits on BNB Chain, where one contract carried about 5,500 wallets and more flagged trading than any other single move on that chain. Between August 24 and September 22…

Paper Volume, Real Fees: The Single-Tx Swaps Distorting On-Chain Market Dashboards
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