Blur Emerges as a Competitor to NFT Market Leader OpenSea
- According to DappRadar’s data, Blur has exceeded OpenSea in daily average trade activities.
- The rise of NFTs like Blur and OpenSea highlights the growing interest and investment in NFTs.
- OpenSea still holds its position as a leader in the NFT market.
The world of Non-Fungible Tokens (NFTs) constantly evolves, with new marketplaces and platforms emerging. Recently, one platform has been making waves in the NFT space, overtaking the long-standing NFT market leader, OpenSea.
Blur is a relatively new player in the NFT marketplace, launched on October 19, 2022. However, it has quickly gained a reputation as a user-friendly platform that makes it easy for artists and collectors to buy, sell, and trade NFTs. Blur’s focus on community-building and inclusivity has helped it to build a loyal following, with many users preferring it over more established platforms.
DappRadar’s data shows that Blur has exceeded OpenSea in daily average trade activities, with a 3.86% increase, now at 8,343, while OpenSea has seen a decline of 11.31% and stands at 28,248. Blur’s daily trading volume has increased significantly by 36.06%, now at $46.54 million.
Blur’s rise to prominence in the NFT marketplace is a testament to the power of user-friendly platforms and community-building. By prioritizing inclusivity and transparency, Blur has quickly built a loyal following. As the NFT space evolves, it will be interesting to see how platforms like Blur and OpenSea adapt to changing user needs and expectations.
OpenSea is Still on the Top
While Blur may have had a momentary lead over OpenSea in the last 24 hours, OpenSea’s sustained dominance in the world of NFTs is demonstrated through its weekly activities. Over the past week, OpenSea’s Unique Active Wallet (UAW) has grown by 12.04% to 66.12k, whereas Blur’s UAW stands at 25.65k. Furthermore, the 7-day transaction rate on OpenSea has surpassed Blur’s, further solidifying its position as a leader in the NFT market.
Moreover, the strength of OpenSea has also been indicated by the increase in the wallet balance, which has skyrocketed by 3.18% and is currently over $70K compared to that of Blur, which has decreased by 11%.
Overall, the rise of NFTs like Blur and OpenSea highlights the growing interest and investment in NFTs. As these platforms continue to evolve and cater to the needs of their users, the NFT marketplace is likely to become even more vibrant and diverse.
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Read more: https://thenewscrypto.com/blur-emerges-as-a-competitor-to-nft-market-leader-opensea/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
