Try Quests to earn SOLSolana - 2. We await $HADES
WASHTRADE
The most popular way to fake trade volume is Wash Trading. The same market participant buys and sells the asset at the same time. There is no significant impact on the market, but the exchange disseminates misleading information to other market participants.
Wash trading occurs when an investor buys and sells the same security investment at the same time. In some cases, wash trading is a direct attempt at market manipulation. In others, wash trading may result from a lack of investor knowledge. This may be the case with wash sales, in which an investor sells one financial instrument then replaces it with a similar one right away.
Introduction
Hadeswap is an AMM-powered non-fungible token (NFT) marketplace on the Solana blockchain that offers instant NFT liquidity, 0% platform fees, and 0% royalty fees.
NOTE: It will soon implement 0.5% platform fees that will be dedicated entirely to its ABC NFT collection holders. As for the royalty fees, you will soon have the option to pay your favorite collections (optional royalties).How Does Hadeswap Work?
Now, you’re probably asking what is with this NFT AMM trend and why many of them are popping up recently. Let’s start with the NFT space’s liquidity issues.
NFT marketplaces rely on price agreements between buyers and sellers for a trade to complete. A seller sets a price and waits for someone willing to pay for it. And this waiting phase keeps a large chunk of assets from getting traded, making them very illiquid.
What if there’s an instant way to sell these static NFTs? This is where an AMM can help.
An NFT AMM like Hadeswap allows collectors to create liquidity pools and instantly sell their assets, a feature that common NFT marketplaces like OpenSea and Magic Eden currently don’t have.
AMMs were previously used only on decentralized exchanges (DEXs) such as Uniswap but are now being tested by an increasing number of NFT platforms.
Hadeswap provides both types of offerings:
- The ability to buy and sell NFTs through an AMM pool, and
- Create liquidity pools and earn passive income from the fees.
You can even set limits on the buy/sell orders on your pool, allowing you to set your preferred price instead of accepting the market price when the orders were placed. Providing Liquidity VS Trading
Providing liquidity allows you to make instant sales on your digital assets, which is ideal when you need immediate liquidity. The only downside is that you don’t get to decide your NFT’s price, as an algorithm does, which means that you may have to sell at a loss.
Trading, meanwhile, is the common way of selling NFTs, where you list digital assets at your desired price. But unlike being a liquidity provider, it does not guarantee immediate sales as someone needs to agree on your price before a trade can happen.
In the next sections, we’ll show you how to earn passive income by becoming a liquidity provider, as well as how to buy or sell your NFTs via Hadeswap.
How to Create a Liquidity Pool
Creating a liquidity pool in Hadeswap is not as intimidating as it sounds. In fact, almost anyone with experience in NFT trading can easily understand it.
You will need a Solana-based wallet in order to connect to the platform. We highly recommend Phantom.
Here’s how you can provide liquidity on Hadeswap:
Connect to Hadeswap
Head over to hadeswap.com and connect your web3 wallet by clicking on the top-right section that says “connect wallet.”
Question
Hadeswap is a fully decentralized crypto trading protocol that currently operates as an NFT AMM. This means that it allows users to trade and swap NFTs using liquidity pools, exactly like you would trade and swap crypto using Uniswap.
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Create a dashboard diving into the details of Hadeswap behavior. What collections have been most popular to trade on? What LPers have generated the most fees? Are there certain LPing strategies that yield the best results on Hadeswap? How does wash trading on Hadeswap compare to Magic Eden? Does Hadeswap trade fewer collections overall than Magic Eden (ie are small collections only popular on ME)?
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ABC (abracadabra) is a collection tied to Hadeswap — show the growth in their popularity over time as Hadeswap has grown. There's a rumor of $HADES being released soon, is there any noticeable behavior that you would attribute to "airdrop farming"?
BUY ,SELL & VOLUME OF $HADES
BUYERS OF ABC COLLECTION
ANALYSIS
IN DECEMBER 2022 THERE WAS A RISE IN PRICE & VOLUME OF NFT ABC WHICH MAY BE DUE TO FAVOURABLE MARKET CONDITION & SENTIMENTS OF USERS . 10 % HAVE PURCHASED MORE THAN 10 NFTS 75% PURCHASEDE LESS THAN 5 NFT . THIS INDICATES SMALLER SIZE OF BUYERS . THIS MARKET IS ALWAYS AT RISK & EVREYTHING IS UNCERTAIN IN CRYPTO MARKET .
In conclusion, the Hadeswap Dashboard provides a comprehensive look at the behavior and performance of the fully decentralized crypto trading protocol that operates as an NFT AMM. The data shows that Hadeswap is a strong competitor in the Solana marketplace, with a dedicated and engaged user base that is actively using the platform to make purchases. The three most active collections on Hadeswap in terms of sales volume are ABC, Okay Bears, and Degen Apes, and they are all extremely popular among users. Additionally, the top 3 pools on Hadeswap make up a significant portion of the fee volume on the platform, and the platform has generated a large amount of fees in SOL, indicating a high level of activity and engagement among users. Overall, the data suggests that Hadeswap is a formidable player in the Solana marketplace and it will be interesting to see how it continues to grow and evolve in the future.
ACTIVITIES OF ABC COLLECTION USERS
ANALYSIS
WE CAN SEE THE SALES VOLUME INCREASED IN THE MONTH OFJANUARY 2023 WITHA HUGE SPIKE . THERE WAS MORE SELLING ACTIVITY IN EARLY SEPTEMBER BUT AFTER THAT IT DSECREASED & SEENA RISE AGAIN IN JANUARY 2023 . AVERAGE PRICE IS RISING CONTINOUSALLY WHICH IS A POSITIVE SIGN . IT HAS REACHED ITS PEAK IN JANUARY .
GENERAL STATS
ANALYSIS
ABC , OKAY BEARS & DEGEN APES ARE IN TOP POSITION IN TERMS OF SALES VOLUME . ALL THESE COLLECTION HAVE SALES VOLUME MORE THAN 100K SOL. MORE THAN 1K BUYERS ARE SEEN FOR ABC COLLECTION FOLLOWED BY OKAY BEARS WITHMORE THAN 600 BUYERS ABC HAVE MORE THAN 600K SALES VOLUME & SALES ACTIVITY IS ALSO HIGH FOR ABC COLLECTION WITH 673 COUNTS . FOLLOWED BY OKAY BEARS WITH 273K COUNT . THESE DATA’S SHOES THAT THE BUYERS ARE ENGAGED IN BUYINFG ABC COLLECTION AS THIS IS THE MOST POPULAR COLECTION OF ALL & HENCE ITS PERFORMANCE IS AT TOP AS MORE ACTIVITIES ARE CONDUCTED ON THEM .
WASH TRADING ACTIVITY
Top 10 collection ON HADESWAP
CONCLUSION
WE SHOULD NOTE that wash trading is not illegal but can be considered a manipulative behavior, it is a common practice in the crypto market.
HADESWAP & MAGIC EDEN BOTH HAVE A HIGHER % OF SWAPS ON WASHED SALES ‘. HADESWAP IS MORE POPULAR FOR WASH SALES ALTHOUGH THE VOLUME OF MAGIC EDEN IS HIGHER , WHICH MIGHT BE DUE TO MORE TRANSACTIONS & TRADING ACTIVITY ON IT . PRICE IN LEGIT SALES IS HIGHER THAN WASH SALES SAME THING WITH NFT”s ALSO
ABC , OKAY BEARS & DEGEN APES ARE IN TOP POSITION IN TERMS OF SALES VOLUME . ALL THESE COLLECTION HAVE SALES VOLUME MORE THAN 100K SOL. MORE THAN 1K BUYERS ARE SEEN FOR ABC COLLECTION FOLLOWED BY OKAY BEARS WITHMORE THAN 600 BUYERS ABC HAVE MORE THAN 600K SALES VOLUME & SALES ACTIVITY IS ALSO HIGH FOR ABC COLLECTION WITH 673 COUNTS . FOLLOWED BY OKAY BEARS WITH 273K COUNT . THESE DATA’S SHOES THAT THE BUYERS ARE ENGAGED IN BUYINFG ABC COLLECTION AS THIS IS THE MOST POPULAR COLECTION OF ALL & HENCE ITS PERFORMANCE IS AT TOP AS MORE ACTIVITIES ARE CONDUCTED ON THEM .
WE CAN SEE THE SALES VOLUME INCREASED IN THE MONTH OFJANUARY 2023 WITHA HUGE SPIKE . THERE WAS MORE SELLING ACTIVITY IN EARLY SEPTEMBER BUT AFTER THAT IT DSECREASED & SEENA RISE AGAIN IN JANUARY 2023 . AVERAGE PRICE IN DECEMBER 2022 THERE WAS A RISE IN PRICE & VOLUME OF NFT ABC WHICH MAY BE DUE TO FAVOURABLE MARKET CONDITION & SENTIMENTS OF USERS . 10 % HAVE PURCHASED MORE THAN 10 NFTS 75% PURCHASEDE LESS THAN 5 NFT . THIS INDICATES SMALLER SIZE OF BUYERS . THIS MARKET IS ALWAYS AT RISK & EVREYTHING IS UNCERTAIN IN CRYPTO MARKET IS RISING CONTINOUSALLY WHICH IS A POSITIVE SIGN . IT HAS REACHED ITS PEAK IN JANUARY .
ANALYSIS
HADESWAP & MAGIC EDEN BOTH HAVE A HIGHER % OF SWAPS ON WASHED SALES ‘. HADESWAP IS MORE POPULAR FOR WASH SALES ALTHOUGH THE VOLUME OF MAGIC EDEN IS HIGHER , WHICH MIGHT BE DUE TO MORE TRANSACTIONS & TRADING ACTIVITY ON IT . PRICE IN LEGIT SALES IS HIGHER THAN WASH SALES SAME THING WITH NFT”s ALSO '.
ANALYSIS
JANUARY HAS BEEEN A PEAK PERIOD IN VOLUME SALES & PURCHASE OF $HADE WHICH INDICATES A PROMISING FUTURE FOR IT .ALTHOUGH SIMILAR GRAPHS ARE SEEN IN DECEMBER 2ND WEEK ALSO . ALSO AFTER WHICH IT SAW A DOWNFALL . NUMBER OF TRANSAACTIONS ARE MORE IN JANUARY AS BUYERS & SELLES HAS INCREASED DURING THIS PERIOD .