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Critics allege Pond0x DEX is a scam, but it claims $100M in trading volume

Critics allege Pond0x DEX is a scam, but it claims $100M in trading volume

Pond0X, a decentralized exchange (DEX), has reported reaching over $100 million in total trading volume, according to a social media post from its official channel. The milestone was supported by a Dune dashboard created by user Mogie, which showed over $111 million in all-time trading volume. The project’s native token, PNDX, faced controversy during its launch, with investors losing over $2 million due to a function that allowed anyone to transfer it without the owner’s permission. Despite the criticism, Pond0X continues to gain supporters on social media. The DEX officially launched on September 1 and has now surpassed $100 million in trading volume.

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