Blur Dethrones OpenSea in Trading Volume, DappRadar Data Reveals
- DappRadar says Blur excels through innovation in comparison to OpenSea.
- Its trading volume has topped that of OpenSea for months.
- Even though the platform has few users, it has attracted pro-NFT traders.
The NFT realm has not been shining as brightly as it did in 2021. The NFT trading volume took a dip in 2022. However, it has slowly climbed back to 2023.
One particular NFT marketplace has been making its name heard recently, even dethroning OpenSea in every possible way. Blur, which began providing its services on October 19, 2022, has earned its reputation in a short span of time.
The latest data from DappRadar shows that Blur is competing with industry giants like OpenSea, even in terms of innovation.
Blur tops OpenSea in terms of trading volume
DappRadar has revealed that Blur has topped OpenSea in terms of trading volume for months. One of the primary reasons cited is the BLUR airdrop. Even though the platform has fewer users now, the rise in trading volume shows the enticement to NFT traders.
Data shared by DappRadar also shows the 24-hour trading volume of Blur to be $23.52 million, while that of OpenSea stands at $5.92 million. DappRadar also pointed out that the new NFT platform is a blend of NFT and DeFi.
Blur’s emergence as a prominent player in the NFT marketplace can be attributed to its emphasis on creating user-friendly platforms and building a strong community. The company’s focus on inclusivity and transparency has helped it garner a dedicated following.
Read more: https://thenewscrypto.com/blur-dethrones-opensea-in-trading-volume-dappradar-data-reveals-2/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
