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Apr 20

NFT Wash Trade Analysis

Wash Trade has become an inevitable part of the NFT world. It is the result of a desire to manipulate prices and to receive rewards from the platform by a single person.45% of the total NFT volume on Ethereum ecosystem and 1.5% of all NFT buy/sell transactions are wash trades.Wash trade is prevalent in NFT marketplaces mainly in LooksRare, X2Y2, Element, Blur, and Sudoswap.Although there are many reasons to perform wash trade, the main reason is the token rewards by NFT platforms based on tra...

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