DONT MISS OUT
bitsCrunch 2022 NFT WASH TRADE REPORT is ready for you.
Over the past year, the team at bitsCrunch worked extensively to launch its premier NFT analytics platform ‘UnleashNFTs.’ With rich data visualization, UnleashNFTs will allow you access to reliable insights that effectively result in better investment decisions. In this guide, we want to provide a comprehensive overview of UnleashNFTs to ensure you can get the best out of it.
Before we get started, let us explain more about UnleashNFTs and some of its essential features that help you easily navigate the market.
As we mentioned before, UnleashNFTs is an AI-powered NFT analytics and forensic dashboard that provides reliable insights into popular and emerging NFT collections, marketplaces, and the overall NFT market. The platform offers in-depth analysis, research, and statistics into the NFT ecosystem that allows users to make informed decisions on the purchase and sale of non-fungible tokens, as well as understand critical indicators like market capitalization, trading volume, and other trading activities.
In addition, UnleashNFTs also offer insights into wash trading. Wash trading refers to an activity where one or more traders have schemed to create an artificial demand for security by purchasing and selling it multiple times. While wash trading is deemed an illicit activity in the traditional financial world, regulations and laws around NFTs are yet to be determined, which puts wash trading in a grey area. Considering this, our AI-powered product also offers statistics on wash trading activities and allows us to differentiate between the accurate volume and the fake wash traded volume.
Let’s take a look at some of the top features of UnleashNFTs and learn how you can use them to your advantage while building your NFT portfolio:
UnleashNFTs allows users to explore some of the most in-demand NFT collections. Check out the top 100 collections however you want: by volume, market cap, sales, or traders. You can also study their data for the past 24 hours, 7 days, 30 days, or 90 days. The visuals are impressive but don’t take our word for it.
Our data scientists and UX designers have effectively collaborated to offer concrete analytics through rich and discernable infographics. Visual aesthetics are a given, of course, to enable you to process data more efficiently and comprehensively.
UnleashNFTs offers extensive and accurate market reports that provide relevant trends on wash trading, trading activity, NFT marketplaces, top NFT collections, and more. Although we have barely scratched the surface, we plan to add more market trends and statistics as we go deeper into the ecosystem.
One of the key features that sets us apart is our wash trading feed. UnleashNFTs allows you to gauge the current wash trading levels and the volume of assets and wallets involved.
With UnleashNFTs, we provide both a technical and fundamental overview of the NFT market and make it accessible by disentangling the complex data beforehand. Our essential product acts as an all-in-one forensic solution that allows our users to make informed decisions before making their NFT purchases.
Top 100 collections
As you scroll down the homepage of UnleashNFTs, you will find an option to explore the top collections at the moment. After that, you can learn about the top 100 collections by trading volume, market capitalization, sales, and traders. You can also explore the top collections for the past 24 hours, 7 days, 30 days, and 90 days.
Top 5 rising collections
The top 5 rising collection section features NFT collections with the highest jump in the past 7 days. Users can check out the collections by market cap change, holders change, and volume change of the past week.
Wash trading analysis
Yet to be available to our audience, wash trading analysis will encompass the top 15 NFT collections with the highest wash traded volume. It will feature the number of wallets involved in wash trading, the total number of trades, and the entire wash-traded value of an NFT collection.
Top 10 NFTs
At the bottom of UnleashNFTs’ homepage, you’ll find the top 10 NFTs by sales and trading volume in the last 7 days.
On the right side of the home page, you will find ‘market reports,’ which offer a general overview of the NFT market, including the current market capitalization, total transactions (24H), total traders (24H), and total traded volume (24H).
Under this, the trends chart displays the estimated market capitalization for all NFT collections in USD. Users can view the market cap for the past 24 hours, 7 days, 30 days, and 90 days.
The trading volume of NFT collections
Below the market cap, users can check out the trading volume for all NFT collections in USD.
Unique NFT traders
Adjacent to trading volume, a trends chart displays the number of unique NFT traders that conducted a transaction in the past 24 hours, 7 days, 30 days, and 90 days.
Wash traded volume
The last of the market overview showcases a chart that features the number of transactions suspected to be involved in wash trading.
UnleashNFTs has an entire section dedicated to wash-trading activities prevalent across the NFT space. While wash trading is illegal in traditional stock markets, it is widespread in cryptocurrency and NFTs. UnleashNFTs seeks to create more awareness and transparency around wash trading.
Assets involved in suspected wash trades
The chart features the total number of assets potentially involved in wash trading activities.
Wallets involved in suspected wash trades
Similar to the illustration above, this graph features the number of wallets potentially involved in wash trading.
Moving on to the ‘trading activity,’ the first graph features the number of NFT-related transactions conducted in the market.
Buyers and Sellers
The ‘Buyers and Sellers’ grouped bar graph highlights the number of active buyers and sellers across all the marketplaces.
The ‘Holders’ trends chart features the total number of unique holders who entered the market.
Distributed volume across top marketplaces
The ‘Marketplaces’ section highlights the total market volume and the number of traders across the major marketplaces. The ‘marketplace distribution volume’ subcategory gives an overview of a marketplace’s market share compared to the total market.
Traders per marketplace
This subcategory features the percentage of total traders active on each marketplace.
Top 20 Collections
The ‘Top 20 Collections’ lists the NFT collections with the highest trading volume in the past 24 hours, 7 days, 30 days, and 90 days. The list features the trading volume, sales, average price, and market capitalization of each NFT collection.
Top 10 wallets by Portfolio Value (New!)
In our latest update to Unleash NFTs, we now feature wallets with the highest NFT portfolio value. You can view the wallet address, the wallet’s portfolio value, the number of NFTs, and from which NFT collections. Not only this, but you can also view their realized and unrealized profits/losses.
Whale Wallets (New!)
Whale wallets represent those with an NFT portfolio value worth at least $1 million.
Top 5 NFTs by Buying Volume (New!)
This subcategory features the top 5 wallets with the highest NFT buying volume. Viewers can check wallet addresses, the number of NFTs the wallet bought in the last 24 hours, 7 days, 30 days, or all time, and the number of transactions the wallet conducted.
Top 5 NFTs by Selling Volume (New!)
This subcategory features the top 5 wallets with the highest NFT selling volume. Viewers can check wallet addresses, the number of NFTs the wallet sold in the last 24 hours, 7 days, 30 days, or all time, and the number of sell transactions the wallet conducted.
Top 20 NFTs (New!)
As the name implies, this category features the top 20 NFTs with the highest sales volume. Users will get an overview of the top NFTs of the past 24 hours, 7 days, 20 days, or all-time. The metric will also feature the collection name, current owner’s wallet address, latest transaction price, and time of the last trade.
Wallet Connectivity (New!)
The most exciting update of all, Unleash NFTs now supports wallet connectivity, where users can connect their wallet and get an overview of their NFTs.
UnleashNFTs supports NFT collections minted over Ethereum (ETH), Polygon (MATIC), and Avalanche (AVAX). UnleashNFTs will soon support the NFT collections in the BNB and Solana blockchains.
What’s next for #UnleashNFTs?
At the moment, UnleashNFTs provides more metrics and market reports in the platform along with easy-to-understand APIs of those metrics that can be easily integrated with other dApps. The team is also in the process of supporting the BNB and Solana blockchains.
This blog will be updated regularly as we add more metrics and features.
Frequently Asked Questions
NFTs are Non-Fungible Tokens, and in layman terms, representing digital art or collection, video clips of best moments in the sports and entertainment field, gaming skins and collectibles, stored in a distributed ledger powered by blockchain technology. These are unique items and are not interchangeable with another NFT.
Generally, things are valuable when they are scarce. There is only one Mona Lisa. There are only 59 Le Bron James dunking NBA Top Shots (one of which sold for $US387,000).
The primary difference between the two is that unlike cryptocurrency and digital currency, NFTs cannot be traded for each other as they are unique. representations of real-world assets. Cryptocurrencies and digital currencies can be traded for each other as there will be no loss to their value.
An NFT is a unique digital signature that you can attach to an asset. Whether that’s a song, or an image, or a piece of footage, a unique digital signature is like a fingerprint that contains information like who created the asset, when, and any conditions on its future sale (for example, whether or not the creator gets a percentage of when it is on-sold).
BCUT is the native digital utility token, it provides access to bitsCrunch services and the bitsCrunch network.
BCUT is the native digital utility token, it provides access to bitsCrunch services and the bitsCrunch network. It is designed to play a vital role in the functioning of the bitsCrunch ecosystem and is intended to be solely used as the primary utility token on the network.
We are a Cross-functional team with more than 25+ years of experience in Data Analytics & Artificial Intelligence and Blockchain. We already have all the NFT data since its inception. We blend our AI expertise with the Blockchain to bolster the NFT ecosystem.
We have built a model to identify the impersonation of artworks, thereby preventing the Provenance of the artist and the artwork. We are offering our services in a SaaS manner, wherein the customers can stake a certain amount of our native tokens to avail our services.
We haven't launched our BCUT Token yet, but we will send out a confirmation on the launch of the token on our official website and official Telegram channel.
DONT MISS OUT
bitsCrunch 2022 NFT WASH TRADE REPORT is ready for you.