Try Quests to earn SOLHadeswap Wash Trading
Introduction
what is hadeswap?
the most efficient & decentralized NFT trading platform At the core, it's an Automated Market Maker (AMM) NFT marketplace that improves NFT liquidity and its trading experience.
It enables users to trade and swap NFTs using liquidity pools, exactly like you would trade and swap cryptocurrencies using Uniswap. Some of the key features of hadeswap are: 0% platform fees from the start - to be converted into 0.5% platform fees [to be 100% dedicated from day 1 to ABC NFT holders] 0% royalty fees per default but you have the possibility to pay them if you wish to do so [not active in lite beta version] Progressive selling/buying of NFTs Earn SOL Excited? Or not sure if you understood it 100%? Don't worry - what's under the hood is solid, efficient and safe - feel free to check the details at the end of this documentation, but for now, we'll focus on why hadeswap is something for you and how exactly it works - in such a simple way you'll be able to teach all your friends when they ask you what you do 24/7. Let's us now explain why hadeswap is THE thing for you!
What Is Wash Trading?
Wash trading defines a sale in which a trader is selling an asset, then repurchasing it at or about the same time as the sale.
Wash trades can be used as a form of market manipulation. An investor buys and sells the same asset, in quick succession, in an attempt to influence the price or trading activity.
There are several motivations for a trader or company wanting to engage in wash trading. The goal might be to spur buying activity in order to send prices up or encourage selling to drive prices lower. Another motivation may involve a trader trying to use the wash sale to lock in a capital loss, and then to buy the asset on a lower cost basis, essentially seeking a tax rebate.
Although wash trading may involve several different traders, companies and accounts, the motivation is the same. The intent of wash trading is to mislead, boosting perceptions of the price and volume of a financial asset that’s being traded.
How Does Wash Trading Work?
At a basic level, a wash trade is an investor buying and selling an asset at the same time. However, a true wash trade goes further, taking into account the investor’s intent.
Therefore, two conditions are generally met to confirm a wash trade.
The first condition is intent. The wash trader must have had a specific strategy to buy and sell the same asset ahead of time. Again, wash trading is conducted in an effort to mislead. As a result, multiple accounts are needed to try to pull off the misrepresentation.
The trader, or firm, will make transactions on the same asset, but will use the different accounts to result in changed prices or increased trading volume. The account with the asset will sell the asset to another account of the wash trader.
The second condition is the result. The result of the transaction must be a wash trade, where the investor has bought and sold the same asset at the same time, using accounts that have the same or common ownership.
One way to determine if wash trading is taking place is by inspecting the financial position of the investor. If the trade doesn’t change the investor’s overall position, or expose them to any type of market risk, then it can be considered a wash.
Method
In this diagram you will see the following A new sector of NFT marketplaces have begun to gain popularity on Solana, the NFT AMM. One of the most notable NFT AMMs on Solana so far is Hadeswap. How much of it is real trading and how much is 'wash trading' to drive up volume numbers? How much of the volume seems "legit"? Are there certain accounts that seem to be creating the majority of the volume? What collections have had the most activity on Hadeswap, and how much of that was from 'wash trading'? Now that Magic Eden has moved to 0% royalties, compare Hadeswap 'wash trading' to wash trading on Magic Eden. Does an AMM create more wash trading?
We get the data using table solana.core.fact_nft_sales and filter the data as marketplace = 'hadeswap' I hereby announce my withdrawal from Wash Trading Wash Trading has two modes for me
- Point Of Sale : Two-way buying and selling in which the seller buys Nft from the buyer
- **Transfer Back:**The buyer buys the Nft from the seller and the seller pays the amount in sol to the seller after the time has passed, and it can be tracked through the solana.core.fact_transfers table.
General overview for the HadeSwap market
Comparison of washed and unwashed deals
📊 Analyze In the display of data based on the category of the amount of sol
You can see that most of the normal market is between 1-10 sol This is also the case in wash transactions
Displaying goods and categorizing them on an average and daily basis
📊 Analyze In all the data above, you can see that In the month of October, the Hadeswap market had a good growth, most of the market was normal,
the volume of transactions, the number of merchants and buyers and sellers of Pos wash was also high, and it had a deep impact on this market and increased the charts greatly.
📊 Analyze Based on the division of data by days of the week On the days of Sun and Thu, there is the largest amount of data of any value,
which indicates that wash trading is more on these days than on other days.
In the charts below we show the top Nft Collection
In the graphs below, you can see the top collections separately from Normal Trader and POS Wash Trading
General comparison
HadeSwap and Magic Eden displays based on Wash and Non Wash
📊 Analyze
Comparing HadeSwap and Magic Eden in the number of transactions, it can be seen that there is a large number of wash trading in both of them according to the volume of each market, and its percentage is almost equal to the number of openings. This indicates the large volume of Wash Trading in Magic Eden. In Magic Eden, the number of traders for Wash Trading is more
Showcasing top buyers and sellers on Magic Eden
📊 Analyze
In the general data, it can be seen that the market volume of HadeSwap was 186 k sol The dollar volume of the market was 10.3 M The number of sellers was 3010 and the number of buyers was 1586 The highest amount is Sol 333 And the highest dollar amount was 144k
📊 Analyze
As it is clear, we have divided the data into three parts: pos wash and transfer back wash. In the data, you can see that 55% of the sales are equal to normal sales and 44% are sales with Pos In the number of sellers and buyers, it can be seen that most of the buyers and sellers are related to the normal market, and the volume of the normal market is 57% of the market, and Pos Wash is 42%.
Buyers and sellers of statistics wash their transactions
📊 Analyze
It can be seen in the graphs that buyers ExLwb7XdE8B6Bp1ZuSBorHjLLY85b7TdKB58wdBJhUE1
bought fog normally with 390 purchases and 6iFLGgL19gWS2sxNZTRY9jVJnrmC8P7TfhGc5PTAZRiu with 347 purchases who bought as Pos wash trader have the highest number of purchases.
Also,
2VQA3FT8tWRPgiwVPh2oKm1JTA44ocGspKn8yRZRvXiS has the highest normal sales statistics and CAodGWTKrcwNEaD52yfSfKV1dLHkyXk647Y5HxnsMynz has the highest sales statistics.
POS Wash Trader
📊 Analyze
In general, it can be seen that Magic Eden market is much bigger than Hadeswap The market size of the Hadeswap market is equal to 10 M dollars,
but the market size of Magic Eden is equal to 14 B dollars and this statistic is also the same in the number of transactions and buyers and sellers.
In the daily data display, you can see that Magic Eden has a larger market volume than Hadeswap Data statistics in Magic Eden are decreasing In the volume chart on October 15, you can see that the volume has increased a lot
Conclusion
You can see that Wash Trading accounts for less than half of the Hadeswap market, and this also applies to Magic Eden, and in addition to this, you can also pay attention to the following
In the general data, it can be seen that the market volume of HadeSwap was 186 k sol The dollar volume of the market was 10.3 M The number of sellers was 3010 and the number of buyers was 1586 The highest amount is Sol 333 And the highest dollar amount was 144k As it is clear, we have divided the data into three parts: pos wash and transfer back wash. In the data, you can see that 55% of the sales are equal to normal sales and 44% are sales with Pos In the number of sellers and buyers, it can be seen that most of the buyers and sellers are related to the normal market, and the volume of the normal market is 57% of the market, and Pos Wash is 42%. You can see that most of the normal market is between 1-10 sol. This is also the case in wash transactions In all the data above, you can see that in the month of October, the Hadeswap market had a good growth, most of the market was normal,
The volume of transactions, the number of merchants and buyers and sellers of Pos wash was also high, and it had a deep impact on this market and increased the charts greatly. Based on the division of data by days of the week On the days of Sun and Thu, there is the largest amount of data of any value,
which indicates that wash trading is more on these days than on other days.
Ali3N#8546 was helped to make this dashboard