Wash trading volumes on Ethereum-based NFT marketplaces are the lowest they've been since May 2022, The Block Pro's Data Dashboard shows. 

NFT wash trading volumes on Ethereum marketplaces hit 1.8% on Jan. 9 and Jan. 13. That compares to 36.2% of trading volumes on Jan. 1, 2023, and it's also the lowest level since the 0.35% rate seen on May 1, 2022. The percentages refer to the portion of total USD volume associated with wash trading, a type of market manipulation in which individuals trade assets between themselves to artificially drive up price or the appearance of liquidity. 

Stamping out wash trading

The NFT platforms that have contributed the …