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NFT Market Trades Over $2B in February - Is it Manipulated?

The NFT market saw a surge in February, topping $2 billion in total trading volume, according to DappRadar, up 117% from the previous month. Momentum remained nearly intact into March, with just over $1.95 billion worth of trading volume, down about 4% from February, according to DappRadar supplemented with data from Dune.

The vast majority of trading volume came from Blur, with nearly $1.35 billion worth of Ethereum NFT trades, up slightly from February. The surge in trading volume and the resulting boost in overall NFT market sales has raised questions over whether such trading activity should be categorised as "manipulated" or even "wash trading" as data platform CryptoSlam has done. 

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