NFT Market Aggregators: How popular are they and what is their significance to less popular marketplaces?

NFT Market Aggregators: How popular are they and what is their significance to less popular marketplaces?
NFT

Aggregators allow you to browse and discover NFTs from many different marketplaces. The first ever aggregator, genieXYZ, was launched on 17 November 2021. XYZ aggregators make up four—49% of NFT volume. Wash trading can also be seen in trades on Opensea, X2Y2, and Looksrare marketplaces. Wash trading transactions through aggregators were removed when wash trading was filtered.

Regarding volume, only 24 percent of NFT purchases on Opensea are conducted via aggregators. 4% of NFT purchases on X2Y2 are transacted through aggregators; that is, 13 of the volume on X2Y2 after wash trading is filtered. Twenty-five percent of wash trading transactions are carried out by aggregation.

Looksrare is the second most popular marketplace after Opensea. XYZ launch has more NFT transactions through aggregators than direct transactions. The footprint analytics community is where data and crypto enthusiasts help each other understand and gain insights about Web3, the metaverse, DeFi, GameFi, or any other area of the fledgling world of blockchain.

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