Blur Market’s Impressive Trading Volume Surpasses OpenSea

02/22/2023 07:10 • Tech Trends • 99 views

On February 22, according to data from Dune Analytics, the trading volume of Blur market in the past week was nearly $390 million, more than four times that of OpenSea in the same period ($89 million). In addition, the number of orders concluded by Blur last week (285000) was only slightly higher than that of OpenSea (258000), and the number of users of OpenSea last week (136000) was still significantly higher than that of Blur (83000).

Data: Blur’s market share exceeded OpenSea by four times last week

Analysis based on this information:

The message states that the trading volume of Blur market for the past week was nearly $390 million, more than four times the trading volume recorded by OpenSea during the same period. While Blur’s trading volume was impressive, the number of users of OpenSea last week was significantly higher than that of Blur. Furthermore, Blur had only slightly higher concluded orders than OpenSea.

The message suggests that Blur’s trading volume has gained momentum compared to OpenSea, making it one of the top marketplaces in the non-fungible token (NFT) industry. The surge in trading volume could indicate the high demand for Blur’s platform and its features compared to comparable platforms.

It is also noteworthy that despite Blur’s relatively lower number of users, it was still able to rake in more trading volume than the more popular OpenSea. This indicates an efficient and effective trading system in place, which contributed to the overall user experience.

The comparison between Blur and OpenSea highlights the differences between the two platforms in terms of user base and trading volume. Having a lower number of users is not necessarily detrimental to a platform’s success, as long as its trading volume is impressive.

In conclusion, the message observes that Blur market’s trading volume has surpassed that of OpenSea, although OpenSea still has a higher number of users. The comparison between the two platforms highlights the importance of trading volume in the NFT marketplace, which effectively proves a platform’s worth.

Keywords such as trading volume, platforms, and orders help to interpret the message more objectively, emphasizing the importance of metrics such as trading volume when assessing a blockchain-based platform’s performance.

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