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NFT trades on LooksRare are mostly wash trading, accounts for over $8 billion NFT trades on LooksRare are mostly wash trading, accounts for over $8 billion

NFT trades on LooksRare are mostly wash trading, accounts for over $8 billion

Of the over $9 billion dollar worth of trades on LooksRare, over 80% of them were wash trading.

NFT trades on LooksRare are mostly wash trading, accounts for over $8 billion

Cover art/illustration via CryptoSlate

LooksRare popped out of the blue in 2022 as the NFT marketplace thatโ€™ll potentially replace OpenSea.

With almost $10 billion trading volume on Ethereum, it appears to be giving OpenSea a run for its money.ย  LooksRare competes with OpenSea The NFT platform, which launched in early January, describes itself as a better creator-focused alternative to OpenSea.

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