Inside the NFT Wash Trade: How Fake Volume Distorts the Market

The NFT market has seen significant levels of wash trading, where traders engage in artificial trades to inflate trading volume. Data from Blur, OpenSea, and Magic Eden highlight this trend. Blur leads in wash trading volume with 18.88%, followed by Magic Eden at 27.98%. OpenSea has the lowest at 0.88%. Among the collections, Blur and […] source: https://coinedition.com/inside-the-nft-wash-trade-how-fake-volume-distorts-the-market/