NFT Marketplace Blur gets off to a great start – will it blow OpenSea?

  • Blur surpassed OpenSea in NFT sales volume in December 2022.
  • The fan base is waiting for the launch of the original market token BLUR.

The NFT ecosystem showed signs of recovery in the latter part of 2022, and a new kid on the block has driven that recovery. In the battle for the NFT markets, stain defy open sea.

According to the data Available Powered by Delphi Digital, Blur had $484 million in NFT sales in December 2022, nearly twice that of OpenSea. The world’s largest marketplace for NFTs.

Blur is taking the NFT world by storm

The camouflage market has already become a hot commodity in the NFT scene in a relatively short period of time. Since its launch on October 19, 2022, the market has seen an exponential increase in its Unique Active Wallets (UAWs), which have more than tripled at the time of writing, data From DappRadar Locator.

Source: DappRadar

The number of unique traders transacting in the market increased nearly 16% to 4,353 in the last 24 hours compared to a decrease of about 6% OpenSea recorded over the same time period. a a report of DappRadar attributed the increasing use of Blur to its fast transaction speeds and user-friendly interface.

Blur sees higher added value

The total value locked (TVL) of Blur bid sets has reached an all-time high (ATH) of $35.52 million as of DefiLlama, adding further evidence of the market’s popularity.

Source: Defillama

It should be noted that OpenSea has historically controlled the lion’s share of total NFT sales and held the largest share across all platforms. What Blur supporters can rejoice, however, is the difference in value added per sale between the two competing platforms.

to me Dune analyticsBlur had an average sale volume of 1.088 ETH at the time of publication, compared to 0.347 ETH for OpenSea. In addition, the average number of exits per user was 3.6 for Blur while it was less than three for OpenSea. This means that the average user interaction level was higher in Blur.

Source: Dune Analytics

The Blur community is now eagerly awaiting the launch of the BLUR native token, which is intended It will be released on February 14th. The market has repeatedly issued BLUR tokens over the past three months.

In fact, NFT market watchers attributed the increase in sales volume to these airdrops, which stimulated trading activity on the platform.

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