A new report from DappRadar suggests that NFT trading volume is on track to dip below $1B for the first time this year. But is trading volume a useful metric for looking at the overall health of the NFT market? rosieperper breaks it down
Does trading volume even matter?Gherghelas told CoinDesk that trading volume remains an important metric for measuring success in the NFT market, though the number has the potential to be manipulated by"We saw the market manipulation that was happening on Blur," she said."People are using the platform to farm [Blur tokens] and participate in airdrops."
"Right now, if you go on Blur, you're using Blur to buy expensive NFTs and this is its target," she explained."[Pro platforms] need the big money flowing in and don't care about getting more users." "Right now, if the trading volume is down but the sales count is up, this means that we have the same amount of traders, but their behavior has changed."
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