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

Interpretation of this information:

A report from CryptoSlam has revealed that the NFT market is being distorted by approximately 1% of high-value traders who are promoting transactions in the Blur market to receive token incentive returns. This behavior puts other traders at risk as the market is not operating fairly. While CryptoSlam did not provide details on the relationship between Blur’s high trading volume and its airdrop token trading data, it did note that OpenSea’s sales volume was relatively low. The data shows that there were only $6.6 million of sales volume on OpenSea between February 14 and February 27, accounting for about 2.5% of its total trading volume of $249 million. This suggests that OpenSea may have a higher number of organic NFT transactions taking place.