DigitalMoneyBox Signal Desk
DigitalMoneyBox Crypto market intelligence
Browse sections
Cryptocurrency Bitcoin Ethereum Briefings Blockchain Security Mining Altcoin Research NFT
Timeline Hourly market signal stream Sources Publisher health and coverage Topics Curated crypto topic hubs Entities Assets, firms, people, regulators Media Kit Audience and placement options Search Advanced archive filters
NFT Cryptonews

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...

38 /100
Market signal

Archive context

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

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 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

Why this matters

This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cryptonews

Related market context