According to the DappRadar service, in February, an increase in NFT trading volume by 117% was recorded. The indicator reached $ 2.04 billion – this is the maximum value since May last year, when the Terra ecosystem collapsed.

In January, sales of non-fungible tokens (NFTs) amounted to only $941 million. However, there is one caveat – most of the trading now takes place on the Blur platform, which many analysts suspect of falsifying the indicator. In February, this platform overtook the long-term leader OpenSea in terms of trading volume.

Blur attracts users by the fact that if they do not trade in other NFT markets, they receive a financial reward. In February, the service reported an increase in the volume of trading in collectible tokens in the amount of $1.13 billion. That is, the entire market growth was brought by the Blur platform.

Cryptoslam, which also tracks NFT trading, said it would deduct $577 million in sales from Blur due to “market manipulation.” DappRadar, on the other hand, stated that it recognizes the entire trading volume as legitimate.

“Most of the trades on the Blur platform pass our criteria for fraud. We will investigate this issue, but we will not say that all transactions on the platform are falsified,” said Pedro Herrera, head of research at DappRadar.

It should be noted that the popularity of the Blur platform made the leaders of OpenSea move too – this marketplace introduced zero commissions for NFT sales.