Here’s a breakdown of the $33 billion NFT wash trade volume that occurred in 2022 [CT Acceleration]
” revealed that over 610,000 new NFT contracts were made during 2022, showing an 860% jump from the previous year. This translated into over 85 million new NFTs, largely thanks to the recent surges in NFT gaming and sports-related collectibles. The total NFT sale volume for 2022 hit $54 billion, with Yuga Labs, the team behind the massively popular Bored Ape Yacht Club collection, enjoying over $4.4 billion in trade volume alone.
However, the hype among collectors and creators attracted unwanted attention from malicious actors, namely wash traders. The bitsCrunch report points out the alarming rise in NFT wash trading activity, which skyrocketed by 25x to almost $33 billion in 2022. Wash trading refers to using fake transactions, copy-minting other creators’ original work and other means in order to artificially pump up the prices for a specific NFT or collection.
Not excluding wash trade volumes, however, draws a very different landscape for the 2022 NFT market. The overall sales, including wash trading, adds up to over $54 billion while bringing NFT collections such as the Terraforms, Meebits and Dotdotdot into the spotlight as the frontrunners by a wide margin — implying a clear interest by wash traders for certain collections.Across the top-five NFT marketplaces, LooksRare tops as the most popular hangout for wash traders, with over $26.
LooksRare also became a habitat for “sharks,” or NFT traders who engaged in wash trades of over $1 million in total, as described by the report. Two sharks in particular scored 18% of total wash trading activity on the LooksRare NFT marketplace, coordinating almost $5 billion of wash trading volume. Over 613,000 new NFT collections launched in 2022. Those that succeeded in making $10,000 or more in sales were no more than 10,000, marking a 1.6% success rate. The highly competitive space makes it essential to conduct extensive research and analysis before investing in NFT collections. While annual reports give a glimpse into the ins and outs of the NFT market, users still need reliable tools for detecting and flagging fraudulent activities.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Ethereum (ETH) Forms Crucial Support as This Network Event Lies in Wait: DetailsEthereum has more validators pushing to stake Ether, trend that can create scarcity
続きを読む »
Lido Finance deposits surpass $12 billion after Ethereum Shapella upgradeThe liquid staking protocol, Lido Finance, has seen its total value locked (TVL) surpass more than $12 billion worth of ETH.
続きを読む »
Ethereum Unstaking Requests Now Face About a 17-Day WaitThe queue stood at 14 days late last week, but it’s lengthened as more exit requests piled in from validators on the blockchain. Also, staked ether deposits outpace withdrawals for the first time since last week’s Shanghai upgrade.
続きを読む »
Rocket Pool Made It Cheaper to Stake ETH Through Its Platform Following Ethereum Shanghai UpgradeOn Monday, the decentralized Ethereum-based staking protocol deployed Atlas granted users access to their staking rewards and lowered the barrier of entry to create an Ethereum validator.
続きを読む »
SEC Chairman Gary Gensler dodges on whether ethereum is a security or commoditySecurities and Exchange Commission Chairman Gary Gensler struggled in congressional testimony on Tuesday to say whether the popular cryptocurrency ethereum is a security or a commodity.
続きを読む »
Ethereum Fees Spike as Bots Spend Millions to Frontrun Punters of PEPE, CHADAn entity connected to a wallet named “jaredfromsubway.eth” is sandwiching crypto traders, mainly those betting on memecoins such as $PEPE and $CHAD. By shauryamalwa.
続きを読む »