Blur overtakes OpenSea in six months, more gains ahead?

Blur overtakes OpenSea in six months, more gains ahead?

March 1, 2023

By Abiodun Oladokun

How much are 1,10,100 BLURs worth today?

Blur’s NFT transfer volume has crossed OpenSea.

The number of new addresses on Ethereum is still low.

Since its launch in October 2022, Blur [BLUR] has gained significant traction, overtaking industry leader OpenSea in NFT transfer volume, Glassnode found in a new report.

Blur marks significant victories

According to the on-chain data provider, the surge in Blur’s market share came after its token AirDrop on 14 February. Prior to the BLUR token AirDrop, the NFT marketplace and aggregator held 48% of the NFT transfer volume in the entire market. However, following the AirDrop, its NFT transfer volume jumped to a high of 78%.

This significantly affected OpenSea as its NFT transfer volume dropped by 21% following BLUR’s AirDrop.

Glassnode stated that Blur’s success within a few months of its launch was due to its nature as a professional trading platform for NFTs, which features a zero-trading fee model and optional royalty payments.