Blur NFT Trading Surpasses OpenSea for Five Consecutive Days

02/21/2023 00:29 • Blockchain Briefs • 79 views

It is reported that according to Dune data, the daily trading times of Blur in the NFT trading market have exceeded Open Sea for five consecutive days. Among them, the number of daily transactions of Blur on February 19 was 65359, and the number of daily transactions of OpenSea was 39835.

Data: The number of daily transactions of Blur has exceeded OpenSea for five consecutive days

Analysis based on this information:

The relatively new concept of Non-Fungible Tokens (NFTs) has been taking the art world by storm, as we are now seeing online galleries and museums exhibit digital art in the form of NFTs. The NFTs function as unique digital certificates of authenticity, assuring the value of an artwork in the digital realm. NFTs are built on blockchain technology and allow for digital assets to be unique and valuable. With the hype surrounding NFTs, it is important to keep an eye on various NFT trading platforms that are emerging.

According to Dune Data, a blockchain analytics platform, for five consecutive days, the daily trading times of Blur in the NFT trading market have exceeded OpenSea. Blur is an NFT trading platform that launched last month in collaboration with the Ethereum token. It appeared on the NFT scene as another site for exhibiting and selling digital art. While OpenSea has been a more established marketplace for NFTs, Blur has managed to surpass it for five days in a row.

The analysis of the data reveals that on February 19, Blur had 65,359 daily transactions, whereas OpenSea had 39,835 transactions. Although the number of daily transactions by Blur does not necessarily indicate the total value of the transactions, it is still a significant achievement for a new trading platform. The data also shows that the number of Blur users has been steadily increasing since its launch last month.

It could be argued that Blur’s success is due to the timing of its launch, as the NFT market is currently taking off. However, the platform’s unique features might also be playing a significant role in its success. The platform offers a tiered VIP program and incentivizes users to hold onto the tokens by granting them special privileges, among other things. Blur’s collaboration with Ethereum, one of the largest blockchain networks, also gives it a significant advantage in the marketplace.

In summary, the data indicates that Blur’s NFT trading platform has been more successful than OpenSea for a consecutive five days. The reason behind this achievement could be attributed to various factors such as the timing of the launch or the platform’s unique features. However, it is still too early to make a definitive statement on which platform will be the “one-stop-shop” for NFT trading. The emerging nature of the market makes it difficult to predict what is to come, but it is clear that there is potential for new platforms to enter the market and make a significant impact.

In conclusion, the data highlights the potential of Blur in the NFT trading market, indicative of this emerging ecosystem’s growth and development.

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Blur NFT Trading Surpasses OpenSea for Five Consecutive Days

Data: The number of daily transactions of Blur has exceeded OpenSea for five consecutive days

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