NFT Trading Volume Reaches Almost $2 Billion in March with Blur Market Dominating

According to data from DappRadar, the NFT market almost hit the $2 billion mark in March, with just over $1.95 billion worth of trading volume. The trading volume dipped by only 4% compared to February, and 69% of it came from the Blur marketplace. Blur saw almost $1.35 billion worth of Ethereum NFT trades, up slightly from about $1.32 billion in February. However, the legitimacy of this trading activity has been questioned, with some classifying it as “manipulated” or even “wash trading.” Despite the slight dip in total March trading volume, Ethereum NFT trading remained nearly even with $1.81 billion in February, compared to $1.82 billion in March.