BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

Blur in the non-corruptible token market has gained a significant share of NFT sales, while the market’s native token, BLUR, lost over 28% of its value last month. Currently, BLUR tokens are down more than 88% from the crypto asset’s all-time high recorded on February 14, 2023.

Blur’s Native Token slid 28% against Greenback in 30 days

According to dappradar.com’sindexof the NFT market, Blur has captured the majority of NFT sales over the past month. Additionally, Blur’s market share in volume over the past week was 71%, according to Dune Analytics’data.

The Dune Analytics dashboard, created by @hildobby, shows that in the past week, Blur accounted for 42% of transactions, while the NFT marketplace, Opena, accounted for 48.3%. In terms of the number of traders during the past week, Oppensea outnumbered Blur, with more than 89,000 traders compared to Blur’s 39,000.

Despite the fierce competition in the market, Blur’s native token,. BLURhas suffered over the past month compared to most crypto assets. For example,ETHwas up 8.5%,BTCrose 19.8% in March, while BLUR fell 28% against the USD.

Today, BLUR has the 161st largest market cap with 426.84 million BLUR tokens in circulation; as of Sunday, April 2, 2023, BLUR’s market valuation is $248 million.

In the past 24 hours, BLUR recorded $75.59 million in global trading volume and Okx was the most active BLUR exchange today. Statistics show that 42,509 unique addresses hold BLUR tokens and approximately 94.42% of all BLURs created are held in 10 wallets.

According to coincarp.com rich list data, 100 BLUR holders control 98.10% of the total supply, with the top address being the BLURcontract deployer. Meanwhile, the BLUR hit an all-time high of $5.02 per BLUR against the US dollar on February 14, 2023. At the current price of $0.579 per BLUR, the token has since fallen more than 88%.

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