Blur outpaced OpenSea in NFT sales volume in December 2022. The fanbase awaits the launch of the marketplace’s native token BLUR. The NFT ecosystem showed signs of a rebound in the latter part of 2022 and a new kid on the block has powered this recovery. In the battle of NFT marketplaces, Blur is challenging […]
Blur marketplace has already become a hot commodity in the NFT landscape in a relatively shorter period of time. Since its launch on 19 October 2022, the marketplace has seen a massive increase in its unique active wallets , having more than tripled at press time,The number of unique traders transacting in the marketplace jumped by almost 16% to 4.353 in the last 24 hours as compared to a drop of about 6% recorded by OpenSea in the same time period.
by DappRadar attributed Blur’s increasing adoption to its fast transaction speeds and user-friendly interface.The total value locked for Blur bidding pools touched an all-time high of $35.52 million, per DefiLlama, adding more evidence to the popularity of the marketplace.It must be noted that historically, OpenSea has dominated and occupied a lion’s share in total NFT sales across all platforms.
In fact, NFT market observers have attributed the increase in sales volume to these airdrops, which incentivized trading activity on the platform.Subscribe to get it daily in your inbox.
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