1. QiAi QuestsHome
  2. Metaverse & Beyond

CryptoSlam reveals distortions in high-value NFT transactions

• Metaverse & Beyond • 78 views

According to reports, CryptoSlam, the NFT data analysis platform, said that about 1% of high-value NFT traders promoted most of the transactions in the Blur ma…

CryptoSlam reveals distortions in high-value NFT transactions

According to reports, CryptoSlam, the NFT data analysis platform, said that about 1% of high-value NFT traders promoted most of the transactions in the Blur market. They obtained token incentive returns in this way. This behavior distorts the NFT market and puts traders at risk. Although CryptoSlam did not disclose the relationship between Blur’s high trading volume and its airdrop token trading data, it pointed out that the proportion of OpenSea’s sales volume was relatively low. The data showed that from February 14 to February 27, there were only 6.6 million dollars of sales volume, accounting for about 2.5% of OpenSea’s total trading volume of about 249 million dollars, which means that there are more organic NFT transactions on the OpenSea platform. （decrypt）

CryptoSlam: About 1% of high-value NFT traders drive most of Blur’s transactions

Interpretation of the news:


According to data analysis platform CryptoSlam, the NFT market is experiencing some distortions due to the behavior of high-value traders who promote most of the transactions in Blur market. These traders obtain token incentive returns, which puts other traders at risk. The report shows that only 1% of high-value traders are involved in this behavior, but it has a significant impact on the market.

CryptoSlam did not disclose the relationship between Blur’s high trading volume and its airdrop token trading data. However, it pointed out that the proportion of OpenSea’s sales volume was relatively low. From the data collected between February 14 and February 27, there were only 6.6 million dollars of sales volume in OpenSea, accounting for about 2.5% of OpenSea’s total trading volume. It indicates that there are more organic NFT transactions happening in OpenSea platform.

This report highlights a few points for traders interested in the NFT market. Firstly, high-value traders have the power to distort the market. Secondly, token incentives can be an effective way to promote transactions, but they also put traders at risk. Finally, organic transactions on platforms like OpenSea may provide a better opportunity for traders to participate in the NFT market without being subjected to manipulations and risks.

As the NFT market continues to grow, it is important to maintain its integrity and strengthen its transparency. The emergence of data analysis platforms like CryptoSlam can assist in achieving this goal. When traders have access to reliable data and analysis, they will be able to make informed decisions and contribute to a healthy and sustainable NFT market.

In summary, CryptoSlam’s report exposes some distortions in the high-value NFT transactions due to token incentives, which puts other traders at risk. The data shows that there are more organic NFT transactions happening in OpenSea compared to other platforms. Traders need to be aware of these distortions and take advantage of transparent and reliable data analysis tools to make informed decisions.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/4139.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/01/2023 23:14
Next 03/01/2023 23:55

Related recommendations