The Benford Burden
May 17, 2026
I have been testing whether trade-size distributions on major crypto exchanges behave like real market data. One of the tools for doing that is a leading-digit test, better known as Benford's Law.
Research
Ninety Minutes of Information
May 17, 2026
When I started ingesting trade data from major crypto exchanges, I made a simple assumption: if I asked for the last 24 hours of trades, I would get the last 24 hours of trades.