Over $30B of NFT Trading Volume on Ethereum Is Wash Trading, Research Suggests

Over $30B of NFT Trading Volume on Ethereum Is Wash Trading, Research Suggests
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The researcher used 4 filters to weed out odd buying and selling conduct that more than likely pointed to scrub buying and selling. First, they filtered out apparent trades of NFTs between the identical pockets handle. Second, they checked out back-and-forth trades of the identical NFT between two totally different pockets addresses – one of the commonest wash buying and selling techniques. Third, if a pockets handle had bought the identical NFT three or extra occasions, it was flagged as a wash commerce as a result of of the unlikeliness of the scenario. Finally, if a purchaser and vendor in an NFT transaction had wallets that have been first funded by the identical pockets, it was apparent that there was a connection between them and was subsequently flagged as a wash commerce.



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