Over $30B of NFT Trading Volume on Ethereum Is Wash Trading, R | C

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

According to the analysis compiled by pseudonymous researcher hildobby on Dec. 16, wash trading accounted for over half (58%) of the total NFT trade volumes on Ethereum in 2022. The researcher used four filters to weed out odd trading behavior that most likely pointed to wash trading. First, they filtered out obvious trades of NFTs between the same wallet address. Second, they looked at back-and-forth trades of the same NFT between two different wallet addresses – one of the most common wash trading tactics.

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