Based on the latest figures from DappRadar, the non-fungible token (NFT) platform Blur has emerged as the clear leader in transaction volume, surpassing its competitor OpenSea. Impressively, Blur has facilitated more than $1.3 billion worth of Ethereum NFT trades in the last 30 days, cementing its position as a significant player in the NFT marketplace.
The data reveals a significant surge of 194.21%, surpassing the previous month’s results. On the other hand, OpenSea recorded a transaction volume of $371.3 million during the same period, indicating a modest 16.8% growth from the prior period. These figures demonstrate the market’s dynamic nature and the need for continuous monitoring and analysis.
The X2Y2 NFT marketplace has secured the third spot with an impressive $355.6 million, trailing closely behind the leading platforms. It’s worth noting that the recent surge in Blur’s volume can be attributed to the airdrop of its BLUR governance token to NFT traders who earned rewards through the marketplace and those who traded elsewhere before its launch. This strategic move has undoubtedly contributed to the platform’s success and solidified its position in the competitive NFT market.
As per the latest data from CoinMarketCap, the BLUR token has managed to secure a noteworthy market cap of $322 million, despite being introduced just sixteen days ago. Currently trading at $0.8166, the token has witnessed a 12% dip in the past seven days. It’s worth noting that BLUR had reached an incredible all-time high of $45.98 on February 13 but has since plummeted by over 98% to below one cent.
Additionally, the burgeoning NFT marketplace is tantalizing its audience by announcing its upcoming Season two token airdrop. The platform has revealed that those who place bids on top collections at or near the floor price will be rewarded handsomely. Traders who bid on the most affordable NFTs for a given project will be more likely to receive the highly coveted freebies. The global NFT marketplace has experienced an influx of nearly $1 billion in the past 24 hours.
