Wash Trading | Notion

In general, wash trading is defined as a trader providing misleading information to the market by buying or selling NFTs for profit and/or for other purposes (such as to mine activity rewards offered by platforms that encourage platform activities).
Under wash trading, many metrics such as historical price and volume can be manipulated, which will not only affect the user's judgment of the market data and trends, but also affect the construction and application of NFT financialization and valuation models.

Through algorithmic analysis, NFTGo.io developed strategies to identify wash trading activities. The strategies involve analyzing the transaction cycles and transaction closed loops.

Wash Trade Filter
- We created a wash trade filter on some pages, including Collection/Activity, Whale/Activity, Whales Bought/Sold, NFT Activity, Profile/Activity.
Wash Trade Filter for each collection on NFTGo.io

Wash Trade Filter for whale activities on NFTGo.io
- We created a wash trade filter for the price graph under the Collection page. Once filtered, metrics such as avg price, min price, and max price will also be adjusted.
Wash Trade Tagging
- You can easily identify wash trading activities tagged for collections, NFTs, and addresses on NFTGo.io. Pages include Collection/Activity, NFT/Activity, Whale/Activity, Profile/Activity, Whales Bought/Sold.
Wash Trading Tag for each collection on NFTGo.io

Wash Trading Tag for each NFT on NFTGo.io

Wash Trading Tag for each address on NFTGo.io
Abnormal Collection Tagging
- There are other factors (e.g. data errors) of collections that influence the overall ranking and key metrics displayed on NFTGo.io. To ensure the accuracy of the data we provide, we excluded these abnormal collections when calculating key metrics and tagged them on NFTGo.io.
Abnormal Collection Tagging on NFTGo.io