Inside the NFT Wash Trade: How Fake Volume Distorts the Market

• Blur leads with 18.88% wash trading volume, highlighting significant artificial inflation.
• OpenSea shows minimal wash trading at 0.88%, ensuring higher organic trades.
• Recognize and adapt to wash trading signs to navigate the NFT market effectively.

The NFT market has seen significant levels of wash trading, where traders engage in artificial trades to inflate trading volume. Data from Blur, OpenSea, and Magic Eden highlight this trend. Blur leads in wash trading volume with 18.88%, followed by Magic Eden at 27.98%. OpenSea has the lowest at 0.88%.

Among the collections, Blur and Magic Eden have high wash-trading levels. Blur’s total volume is $1.29 billion, with 18.88% attributed to wash trading, resulting in an organic volume of $1.05 billion. Magic Eden’s total volume is $206.66 million, with 27.98% wash trading, leaving an organic volume of $148.83 million.

OpenSea, the leading marketplace, has the least wash trading volume at $379 million, with only 0.88% wash trading, maintaining a healthy organic trading volume of $376 million.

NFT Wash Trading Volume (180 Days):

The more prominent the nft, the more volume from wash trading there could be

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