The anonymous founder of Defillama, 0xngmi, announced on social media that the Decentralized Finance (Defi) Datplatform has discovered serious inconsistencies in the total value of Figure’s total value (TVL) data.
0xngmi stated that the assets and trade volume of Figure non-chains do not correspond to the claims claimed. According to the data, the company only has about $ 5 million to Bitcoin (BTC) and $ 4 million in Ethereum (ETH) at trade fairs, while Bitcoin’s 24-hour trade volume is only $ 2,000. Moreover, the range of the figure of the figure, Ylds, is limited to only 20 million units.
According to the Defillama team, this data is in contradiction with the company’s claim $ 12 billion to RWA on-chain (Real-World assets). The analysis of the platform showed that most RWA transfers come from accounts other than the asset owners, and loans are largely processed in Fiat-Maluta, with payment transactions in the chain hardly existing.
0xngmi explained that Defillama discussed the case with figure in a telegram group, so that countless concerns were expressed about the system and the removal process. During the process, however, some claimed that Defillama Figure only rejected, only because of his social media. Rumors even spread that the platform charged a listing costs.
Defillama, however, fiercely denied these allegations. 0xngmi, who claims that the platform has never rejected a project on the basis of the number of followers and never charged any reimbursements, said: “The value of Defillama lies in providing users reliable and accurate data. Maintaining this trust is our top priority.”
The company stated that the $ 12 billion TVL that is revealed by figure can actually only be a reflection of an internal database, and their accuracy must be seriously questioned.
*This is not investment advice.
