The cryptocurrency market cap saw net inflows of $13.12 billion in the last 24 hours and currently stands at $979 billion — up 1.28% from $979 billion. Over the reporting period, Bitcoin and Ethereum’s market cap increased by 1.89% and 1.47% to $409.2 billion and $192 billion, respectively. All top 10 cryptocurrencies recorded gains over…
When LooksRare started operating in January, it came with the promise of challenging OpenSea’s dominance in the NFT space. But three months down the line, it seemed to have developed a reputation for wash trading. According to CryptoSlam, about $18 billion or 95% of trading volume on the platform is wash trading. Wash trading is…
Two weeks since launch, LooksRare, portrayed as a community driven challenger to the NFT behemoth OpenSea, is still printing high levels of transaction volumes. On the surface, it looks like LooksRare has gotten itself a foothold on the market. OpenSea has had, and still have, an impressive journey from around $71 million in sales a…
Despite the current sentiments about the crypto industry, the non-fungible token space has continued its impressive run this year. The NFT space recorded over $2.5 billion worth of sales within the previous week. This represents a 161% growth within the last seven days. NFT sales on Ethereum dominates Per cryptoslam.io data, NFTs on the Ethereum…
NFT marketplace OpenSea totally dominates the NFT trading market with a market share of over 90 percent in trading volume. However, just two days after its launch, LooksRare, a “vampire attack” or decentralized clone of OpenSea, is looking to give the dominant player a fight. A vampire attack is a clone of an existing service…