Friday, February 3, 2023
HomeOpenseaNFT marketplace Blur makes an impressive start- Will it overthrow OpenSea?

NFT marketplace Blur makes an impressive start- Will it overthrow OpenSea?

  • Blur surpassed OpenSea in December 2022 NFT sales volume.
  • The fanbase is eagerly awaiting the launch of BLUR, the marketplace’s native token.

The NFT ecosystem is showing signs of recovery in the second half of 2022, and the new kid on the block has boosted this recovery. In the NFT marketplace battle, Blur challenging High seas.

according to the data offered NFT sales on Blur will reach $484 million in December 2022, according to Delphi Digital, which is almost double the sales on OpenSea. The world’s largest market for NFTs.

Blur Takes Over the NFT World

The Blur Marketplace has already become a hot commodity in the NFT landscape in a relatively short period of time. more than tripled in data Shown from DappRadar.

Source: DappRadar

The number of unique traders trading on the market has increased by almost 16% to 4.353 in the last 24 hours, compared to a decrease of about 6% recorded by OpenSea over the same period.Ah report According to DappRadar, Blur’s growing adoption is due to its fast transaction speeds and user-friendly interface.

Blur sees higher added value

According to DefiLlama, the total locked value (TVL) of the Blur bid pool reached an all-time high of $35.52 million (ATH), further confirming the popularity of the market.

Source: DefiLlama

It should be noted that, historically, OpenSea has dominated the total NFT revenue across all platforms, with a large share. But it was the difference in added value per sale between his two competing platforms that could cheer Blur’s supporters up.

according to Dune analysis, Blur’s average selling size was 1.088 ETH at the time of writing, compared to 0.347 ETH on OpenSea. Additionally, the average number of transactions per user was 3.6 on Blur, compared to less than 3 on OpenSea. This means that the average user has a higher level of interaction with his Blur.

Source: Dune Analytics

The Blur community is now eagerly awaiting the launch of the native token BLUR. schedule Released on February 14th. The market has airdropped his BLUR tokens frequently over the past three months.

In fact, NFT market observers attributed the increase in sales volume to these airdrops, which boosted trading activity on the platform.

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