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NFT Marketplace Blur Makes Remarkable 2023 Start

Posted on the 23 January 2023 by Nftnewspro
NFT marketplace Blur makes remarkable 2023 start

In the second half of 2022, there were signs that the NFT ecosystem was getting better, and a new player on the scene was a big part of this. Blur is challenging OpenSea.

According to data from Delphi Digital, the amount of NFTs sold on Blur reached $484 million in December 2022. This was almost double the amount sold on OpenSea, which was the largest NFT marketplace in the world at the time.

NFT volumes rebounded last month as @blur_io led NFT marketplace transaction volume in December. pic.twitter.com/X2gJPP4uZe

— Delphi Digital (@Delphi_Digital) January 21, 2023

Blur dominates the NFT market.
In a relatively short amount of time, Blur marketplace has risen to prominence in the NFT market. The marketplace’s unique active wallets (UAW) have more than tripled since its inception on 19 October 2022, according to data from DappRadar.

NFT marketplace Blur makes remarkable 2023 start

In the last 24 hours, the number of unique traders transacting on the marketplace increased by over 16% to 4,353, whereas OpenSea had a decline of about 6% during the same time period. Blur’s rapid adoption is credited by DappRadar to its fast transaction speeds and user-friendly interface.

Blur sees an increase in value

According to DefiLlama, the total value locked (TVL) for Blur bidding pools reached an all-time high (ATH) of $35.52 million, providing more indication of the marketplace’s popularity.

It should be noted that OpenSea has historically led and held the lion’s share of overall NFT sales across all platforms. However, the difference in value added per sale between the two competing platforms could encourage Blur supporters.

At press time, Dune Analytics reported that the average sale size for Blur was 1.088 ETH, compared to 0.347 ETH for OpenSea. In addition, the average number of trades per user on Blur was 3.6, but it was fewer than three on OpenSea. This implied that Blur had a higher amount of user interaction on average.

The Blur community is currently eagerly awaiting the release of the native token BLUR on February 14th. In the past three months, the marketplace has frequently distributed BLUR tokens via airdrop.

Observers of the NFT market have linked the increase in sales volume to the platform’s airdrops, which encouraged trading activity.


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