Blur Beats NFT Giant OpenSea In Terms Of Daily Trading Volume
16 March 2023 12:34, UTC
Studying time: ~2 m
Blur, the digital artwork startup that markets itself because the NFT market for professional merchants, has managed to publish some spectacular numbers within the buying and selling quantity subject. The platform has dethroned trade chief Opensea by way of each day buying and selling quantity and has held the highest spot for greater than a month now.
In keeping with information compiled by on-chain analytics agency Nansen, Blur’s each day buying and selling quantity peaked at a whopping $117.7 million on February 22. OpenSea’s quantity got here in at a bit of greater than $13 million on the time, that means that Blur’s quantity was about 9 instances that of Opensea.
Day by day Buying and selling Quantity Supply: Nansen Twitter
Nansen in contrast the highest ten most traded NFT collections of all-time on Blur and OpenSea. Mutant Ape Yacht Membership was probably the most traded NFT assortment on Blur, with a buying and selling quantity of 230,226 ETH. As for OpenSea, Yuga Labs’ flagship NFT line, the Bored Ape Yacht Membership, was probably the most traded assortment with a quantity of 697,154 ETH.
The buying and selling quantity information concluded that Blur achieved 46% of OpenSea’s quantity in lower than 5 months, a tremendous feat for a comparatively new NFT market. You will need to word that the info compiled by Nansen filtered out wash trades when calculating the buying and selling volumes of each marketplaces.
The expansion of Blur by way of buying and selling quantity and market share has did not replicate within the efficiency of its native token BLUR. On the day of the NFT market’s highest each day buying and selling quantity, BLUR was buying and selling at $1.08. The token has since misplaced greater than 44% of its worth and is at the moment buying and selling at $0.60.