Beyond the Surface: Advanced Wash Trading Detection in Decentralized NFT Markets
CoRR(2023)
摘要
Wash trading in decentralized markets remains a significant concern magnified
by the pseudonymous and public nature of blockchains. In this paper we
introduce an innovative methodology designed to detect wash trading activities
beyond surface-level transactions. Our approach integrates NFT ownership traces
with the Ethereum Transaction Network, encompassing the complete historical
record of all Ethereum account normal transactions. By analyzing both networks,
our method offers a notable advancement over techniques proposed by existing
research. We analyzed the wash trading activity of 7 notable NFT collections.
Our results show that wash trading in unregulated NFT markets is an
underestimated concern and is much more widespread both in terms of frequency
as well as volume. Excluding the Meebits collection, which emerged as an
outlier, we found that wash trading constituted up to 25
volume. Specifically, for the Meebits collection, a staggering 93
trade volume was attributed to wash trading.
更多查看译文
AI 理解论文
溯源树
样例
生成溯源树,研究论文发展脉络
Chat Paper
正在生成论文摘要