Blur, the non-fungible token (NFT) marketplace, has actually seen a considerable boost in volume given that its launch in October. According to stats from Dune Analytics, Blur has actually recorded about 30% of the marketplace share in regards to sales volume. The NFT marketplace leader, Opensea, commands 48% of the marketplace share.
Blur NFT Marketplace Captures 30% of Market Share in Sales Volume
An NFT marketplace called Blur has actually seen a boost in market share over the previous thirty days. According to stats from Dune Analytics, Blur holds 30% of the NFT market’s overall market share. Crypto market individuals think Blur’s increase is related to the upcoming launch of its native token, initially set up for January 2023 however postponed, according to a declaration from the group. The token is now set to be launched on Feb. 14, 2023.
“We know this is past our initial estimate of January and we’re sorry for the delay,” the platform tweeted on Thursday. “We’re trying new things and the extra two weeks will allow us to deliver a launch that hasn’t been done before.”
Seven-day metrics from dappradar.com show that Blur has actually tape-recorded $33.06 million in NFT sales. The marketplace is the second-largest in regards to overall sales today, behind Opensea‘s weekly sales of $112.89 million. Twenty-four-hour stats show that Blur’s sales over the last day amounted to $5.08 million, compared to Opensea’s $16.24 million. Blur’s increase resembles that of the Looksrare NFT marketplace, which saw a boost in users when it chose to airdrop 120 million LOOKS tokens, or 12% of the overall supply, to the Looksrare neighborhood in 2021.
The reward to get airdropped tokens sustained Looksrare’s sales volumes, and throughout the 4th quarter of 2021, the NFT platform handled to record considerable volumes together with Opensea. In January 2022, Looksrare gone beyond Opensea’s day-to-day volumes for a brief duration. Since then, Looksrare dropped from the second-leading NFT marketplace in sales to the 5th position today. In regards to all-time sales, Blur has actually recorded $458.05 million in sales given that its creation.
The NFT marketplace Blur is ranked 11th in regards to all-time sales. It is below NFT markets such as Magic Eden’s $2.07 billion, Looksrare’s $1.69 billion, and X2Y2’s $1.07 billion. However, it has actually gone beyond the all-time sales tape-recorded by the NFT markets Wax Atomicmarket ($441.42 million), Immutable X Marketplace ($387.11 million), and Rarible ($301.95 million).
What do you believe will be the effect of Blur’s native token launch on the NFT market? Will Blur continue to increase in market share and sales volume, or will it deal with competitors from other gamers in the industry? Share your ideas in the comments below.
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