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Hot Ethereum NFT Platform LooksRare Is Rife With Wash Trading—And OK With It

LooksRare is putting up more volume than OpenSea, but much of it is marked by inflated trades designed to manipulate the rewards model.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Hot Ethereum NFT Platform LooksRare Is Rife With Wash Trading—And OK With It
LooksRare is putting up more volume than OpenSea, but much of it is marked by inflated trades designed to manipulate the rewards model.

Why this matters

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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