Ethereum had in april meer dan US $ 635 miljoen aan NFT-wash-transacties, onthult CryptoSlam

Ethereum had in april meer dan US $ 635 miljoen aan NFT-wash-transacties, onthult CryptoSlam

Tijdstempel: 4 mei 2023 3:26 uur
Bronknooppunt: 2628655

Over US$635 million of Ethereum non-fungible token sales in April were wash trades, which made up nearly 60% of all NFT trades on the blockchain for the month, according to new data from CryptoSlam ,

The new data also revealed wash trading activities on Solana , Binance , Polygon , Cardano , Flow and Arbitrum , which had been largely unknown until now. According to CryptoSlam, wash trades are transactions made without the intent to take a genuine position in the market.

Blur marketplace’s point farming is the primary driver of Ethereum NFT wash trades, leading to US$3.4 billion worth of NFT trades being flagged as wash sales so far this year . Blur traders’ bids and listings are incentivized by the marketplace’s points — the platform’s loyalty system — fueling some traders’ reliance on bulk wash sales to maximize points, which is subsequently rewarded in the form of Blur’s utility token, $BLUR. 

In March , over US$1.1 billion, or 66% of all NFT sales on Ethereum, were wash trades. However, the single highest wash trading day occurred on Feb. 20 , days after the launch of $BLUR. Traders aggressively farmed points to earn more $BLUR token rewards, resulting in over 85% of the day’s sales volume, valued at US$295 million, being flagged as wash trades. 

Maandelijkse verkoop- en wastransacties op Ethereum in 2023

Februari, maart en april vallen op als hoogtepunten voor wash trading op Ethereum, met een gecombineerde totale waarde van meer dan 3.135 miljard dollar. Op het hoogtepunt van de wash-handel op 4 maart 2023 bereikten de dagelijkse NFT-wash-transacties op Ethereum 49,806 vergeleken met 2,743 op 16 april 2022, het hoogtepunt van $LOOKS token farming.

Similar to $BLUR token farming in 2023, traders in early 2022 were farming $LOOKS tokens at the then-new LooksRare marketplace. CryptoSlam’s data has revealed $LOOKS farming as the driving factor behind US$819 million in wash sales that took place on Jan. 19, 2022 , the most successful day for wash trading ever. Over US$18 billion in wash trades were flagged in January and February 2022.  

Hoewel de waarde van de verkoop van wash-trading sinds vorig jaar is gedaald, is het aantal transacties bijna 20x gegroeid, blijkt uit gegevens van CryptoSlam.

The top two wash-traded collections across all blockchains are Ethereum’s Terraforms and Meebits , with US$11.5 billion and US$9 billion in flagged trades, respectively. Standout NFTs from these collections include Terraforms #4206 , which has been wash traded for 86,905.12 ETH (US$242.97 million), and Meebit #13824 for 29,453.9 ETH (US$99. 4 million).

Meebit #13824 (links) en Terraform #4206 (rechts).

CryptoSlam benadrukt de omvang van de praktijken van handelaren en heeft US $ 31 miljard aan all-time wash-trade-verkoopvolume op Ethereum ontdekt, in totaal 41% van de US $ 74 miljard aan omzet van de blockchain. Een extra US $ 330 miljoen aan wastransacties wordt weerspiegeld in de andere top 10 NFT-blockchains, die een veel kleiner percentage van hun totale omzet uitmaken. 

Wash trading is expected to continue and possibly increase on Ethereum as traders use liquidity-providing tools like BenDAO , NFTfi and Blur’s new Blend lending protocol to pursue more platform rewards in Blur’s Season 2.

1/ Introducing Blend: the Peer-to-Peer Perpetual Lending Protocol for NFTs. Built in collaboration with @danrobinson and @transmissions11 at @paradigm , Blend enables 10x higher yield opportunities than current DeFi protocols and unlocks greater liquidity for NFTs. Here’s how

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