Non-fungible token (NFT) marketplace Blur has seen significant volume growth since its launch in October According to statistics from Dune Analytics Blur has captured nearly 30% of the market share in terms of volume; the NFT market leader, Onpensea, has captured 48% of the market share.
Blur NFT Marketplace Gains 30% Market Share by Volume
An NFT marketplace called Blur has gained market share over the past 30 days Dune According tostatisticsfrom Analytics, Blur has captured 30% of the total NFT market share.Crypto market participants believe that Blur’s rise is related to the upcoming launch of a native token that was originally scheduled for January 2023 but was postponed . The token is currently scheduled for release on February 14, 2023.
“We know this is past our initial estimate of January and we apologize for the delay,” the platformtweeted Thursday. “We are trying new things and the extra two weeks will allow us to deliver an unprecedented launch.”
According to dappradar.com’s 7-dayindex, Blur recorded $33.06 million in NFT sales. It is the second largest marketplace in terms of total sales for the week, behindand second only to Openpensea. with weekly sales of $112.89 million; according to 24-hour stats, Blur’s sales the day before were $5.08 million, compared to Opensea’s $16.24 million; Blur’s rise is similar to that of the Looksrare NFT marketplace, which is expected to reach 12% of its total supply in 2021, or 100 million 20 million LOOKS tokens to be airdroppedto the Looksrare community, increasing the number of users.
The incentive to acquire airdropped tokens fueled Looksrare’s sales volume, and in the fourth quarter of 2021, the NFT platform managed to gain significant volume alongside Opensea. in January 2022. Looksrare surpassed the daily trading volume of Opensea for a short period of time. Since then, Looksrare has dropped from second place in the NFT market in terms of sales to its current position of fifth place. In terms of all-time sales, Blur has earned $458.05 million in sales since its inception.
In the NFT market, Blur ranks 11th in all-time sales; it falls short of NFT markets such as Magic Eden’s $2.07 billion, Looksrare’s $1.69 billion, and X2Y2’s $1.07 billion. However, it is ahead of all-time sales recorded by the NFT markets Wax Atomicmarket ($441.42 million), Immutable X Marketplace ($387.11 million), and Rarible ($301.95 million).
What do you think the impact of Blur’s native token launch will have on the NFT market, and do you think Blur will continue to