Trader Made 16,000% Profit in Ladder Monopoly NFT Trading Competition
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The monopoly game hosted by Ladder Protocol has come to an end. It resulted in a $1.12M trading volume with 5625 transactions made, and $599.95K worth of tokens and NFTs TVL.
Our top 10 placements on the leaderboard for Top Asset Value start at $8.44K and goes all the way up to our first-place leader at $82.33K! Reminding that every participant started with an equal amount of test ETH assets equal to $5000 usdt what means that the top 1 trader made an insane 16,000% profit.
Top 10 placements for Top Liquidity Provided within Monopoly begin at $6.22K and go all the way up to our first-place leader at $55.8K. The top 10 placements for Total Volume Traded within our simulator begin at $249.26K and goes all the way up to our first-place leader at $29.9M! That means our first-place leader has 120x the number of transactions it would have taken to enter the leaderboards!
The Monopoly trading contest was a paper money competition for NFT traders with mirrored assets on Sepolia Test Network. Well-known blue chip projects (including MAYC, Crypto Punks, Azuki, Pudgy Penguins, Renga, Doodles, Art Blocks and many others) were available for trading the same as Ladder partnering projects.
Among the most active communities was GensoKishi Online, the metaverse game with 15 years of history with 186 trades and a $156,246 trade volume. Metaboom, a web3 music player NFT collection finished with 139 trades and an $81,435 trade volume. Weirdo Ghost Gang community, OUTA the box NFT collection, has been the most active LP having almost 1k NFTs locked in LP pools with $72,346 trading volume.
Ladder is a unique AMM (Automated Market Maker)protocol that provides instant liquidity for NFT’s including ERC-20, ERC-721, ERC-1155 standards. Unlike other NFT marketplaces which operate on an order book style of exchange, Ladder protocol takes a different approach by using Automated Market Makers and limit orders. By doing so, we aim to provide instant swaps for NFTs with low slippage and low fees!
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