◈   real vs reported volume · 30-day median

Where to trade MLN

Same coin, different tapes. We rank the venues that list MLN by how much of their reported volume is actually real — so you trade where the book isn't faked.

Soli's reading
Binance runs the cleanest MLN tape — 87% honest on $3.4M real volume. Trust the prints.
#1
Binance
Binance
spot + futures · 2 pairs
87% honest
$3.4Mreal / $3.9M claimed
Trade on Binance →
#2
Bybit
Bybit
futures · 1 pairs
77% honest
$214kreal / $277k claimed
Trade on Bybit →
#3
Coinbase
Coinbase
spot · 1 pairs
86% honest
$112kreal / $131k claimed
Trade on Coinbase →
#4
Bitget
Bitget
futures · 1 pairs
73% honest
$105kreal / $144k claimed
Trade on Bitget →
◈ how we score it

Honesty = estimated real volume ÷ reported volume for MLN on each venue, from five trade-tape fingerprints (timing, Benford, self-trade pairing, price-impact, size entropy). Pick the venue with the deepest real book, not the loudest reported number. How to buy MLN → · how to sell MLN → · full venue ranking → · compare two venues →