- Blur posted exponential gains in transaction volume and royalties.
- Blur’s growth caused a change in OpenSea’s marketing policies.
With its phenomenal growth in recent months, the NFT market blur It has become the talk of the town.
According to Blur’s financial statement published by Token Terminal, total trading volume for the month of February has already reached $415 million, an increase of 150% over November.
🔶 @blur_io Financial Statement *Weekly*
🔗 pic.twitter.com/DrmCVASKsl
— Token Terminal (@tokenterminal) February 18, 2023
In addition, the royalty paid in the marketplace also experienced a large increase. At press time, total royalties paid in February increased to $3.24 million, up 20% from the prior month and up 326% from November.
The launch of the BLUR token earlier this week supported its performance.
How much they cost Today’s value 1,10,100 blur?
the blurriness progresses
Unlike other players in the ecosystem, Blur does not charge its merchants any market fees. Furthermore, since its launch, it has been implementing a ‘care package’ containing the BLUR token, which is intended to incentivize trading activity on its platform.
With the launch of BLUR, users were able to redeem their care packages for the platform’s native token. according to data from Doon’s AnalysisA total of 360 million tokens have been released at the time of writing and 93% of them have been claimed.
Blur has quadrupled daily transaction volume since its launch and held a market share of over 70% for most of last week, comfortably outperforming the market leader. open sea.
Ready-to-fly native token?
Interestingly, a large part of Blur’s recent growth can be attributed to its position as the leading aggregator in the NFT market. Data from Dune Analytics showed that Blur has a monopoly in this scenario, accounting for over 96% of daily trading volume.
Source: Dune Analytics
With all the right boxes checked, attention turns to the price of the newly launched BLUR token. At press time, it jumped 21% to $1.35 on the dollar. coin market capIf key market indicators continue to rise, token holders can expect bullish gains in the coming weeks.
Is your wallet green? Check it out blurred mileage calculator
Facing stiff competition from Blur, OpenSea had to make major changes to its marketing strategy. This included removing the 2.5% service fee on sales and making creator royalties optional, something Blur had already introduced and arguably worked in their favor.
