Is There a Demand for Cryptocurrency?

In crypto, it's believed to be, by far, a majority of all trades ore. Wash trades something like 80 or 90 %. What that does is, iit gives the illusion a volume a, which everyone wants because i makes activity seem higher. I could take an nft and sell it back and forth to myself for ever escalating prices. And some one thinks it's a good deal because they've been tracking its price history. So i think there's just a lot of stuff like that in which the the perceived demand actually for crypto in general, may be lower than we're led to believe.