According to CryptoSlam, an NFT data analysis platform, about 1% of high-value NFT traders drive the majority of transactions on Blur’s marketplace.
They use this method to obtain token incentive returns, which distorts the NFT market and also puts traders at risk.
Although CryptoSlam did not disclose the relationship between Blur’s high transaction volume and its airdrop token transaction data, it pointed out that OpenSea’s wash sale transaction ratio is relatively low.
The data shows that there were only $6.6 million in wash sales from February 14 to February 27, accounting for about 2.5% of OpenSea’s total transaction volume of approximately $249 million, which means that there are more organic NFT transactions on the OpenSea platform.