{"id":584403,"date":"2026-04-16T10:52:46","date_gmt":"2026-04-16T10:52:46","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/04\/16\/study-finds-almost-no-crypto-protocols-disclose-market-maker-terms\/"},"modified":"2026-04-16T10:52:46","modified_gmt":"2026-04-16T10:52:46","slug":"study-finds-almost-no-crypto-protocols-disclose-market-maker-terms","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/04\/16\/study-finds-almost-no-crypto-protocols-disclose-market-maker-terms\/","title":{"rendered":"Study finds almost no crypto protocols disclose market-maker terms"},"content":{"rendered":"

\"Study<\/p>\n

A review of over 150 crypto protocols finds fewer than 1% disclose market-making arrangements, revealing a major transparency gap in token trading structures.<\/p>\n

A review of more than 150 major crypto protocols shows that disclosure of market-making arrangements is almost nonexistent, despite their central role in token trading.<\/p>\n

The research<\/a>, conducted by crypto advisory company Novora, found that fewer than 1% of protocols disclose any terms related to market makers. Across the full dataset, only one protocol, decentralized liquidity platform Meteora, was found to have publicly disclosed details of its market-making arrangements, citing the project\u2019s 2025 Annual Token Holder Report.<\/p>\n

The study covered leading sectors, including decentralized exchanges, lending platforms, perpetual futures, layer-1 and layer-2 networks, bridges and centralized exchange tokens, with protocols ranging in size from roughly $40 million to $45 billion in fully diluted valuation. <\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

A review of over 150 crypto protocols finds fewer than 1% disclose market-making arrangements, revealing a major transparency gap in token trading structures. A review of more than 150 major crypto protocols shows that disclosure of market-making arrangements is almost nonexistent, despite their central role in token trading. The research, conducted by crypto advisory company […]<\/p>\n","protected":false},"author":1,"featured_media":584404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-584403","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/584403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=584403"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/584403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/584404"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=584403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=584403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=584403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}