Removing LooksRare's USD 8.3B in Wash-Trades, OpenSea is Still the Dominant NFT Marketplace
Non-fungible tokens (NFTs) data aggregator CryptoSlam has identified more than USD 8.3bn worth of wash trading on LooksRare, a new NFT marketplace. Subtracting this volume, it turns out that major NFT marketplace OpenSea...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Non-fungible tokens (NFTs) data aggregator CryptoSlam has identified more than USD 8.3bn worth of wash trading on LooksRare, a new NFT marketplace. Subtracting this volume, it turns out that major NFT marketplace OpenSea is still the dominant player in the field.
As per data by Dune Analytics, LooksRare has exceeded USD 10.9 bn in trading volume since its official launch on January 10. During the same span of time, OpenSea has recorded a volume of USD 3.9bn. ...
Read More: Removing LooksRare's USD 8.3B in Wash-Trades, OpenSea is Still the Dominant NFT Marketplace
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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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