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On-chain mixing - A few thoughts about the challenges created by heterogeneous participants, postmix behaviors and statistical analysis. #SorryForTheLongThread
Disclaimer: It's well known (and repeated) that 2 important challenges for on-chain mixers are sybil attacks by malicious actors and the need for a large anonymity set. So, they won't be the subject of this thread.
Let's just note that it's not always easy to measure the exact size of the anonymity set. Thus, liquidities entering the mixer are sometimes used as a proxy metrics for the kind of anonymity set that you may expect from the mixer...
