Decentralized exchange Uniswap tops $2T in all-time trading volume

And who collects the transaction fees? The same people who benefit from the illusion of trading volume.

It’s a rigged game around the world’s worst stored procedure database presented as some sort of magical truth machine.

Not only network transaction fees but slippage, front-running, LP fees. I'm not saying that wash trading doesn't occur in DeFi, but Uniswap would be one of the more inefficient places to do it.

So which is more likely?

1. Uniswap Labs, a Delaware C Corp based in NYC, is risking everything to burn millions or billions of dollars in order to place fake trades and bolster volume numbers.

2. Uniswap, the top on-chain exchange on Ethereum (a network where the primary use-case is creating and trading assets, and which has an ecosystem market cap of something like $800B) has over the course of over 5.5 years, done $2T in all-time volume (~1 billion / day on average)?

Occam's razor says 2.