Blur Overtakes OpenSea, Generates $1.3B ETH NFT Trades in February

• Blur generated over $1.3 billion price of Ethereum NFT trades in 30 days.
• OpenSea noticed $371.3M in transaction quantity throughout the identical timeframe.
• BLUR token hit an all-time excessive of $45.98 final month and fell by 98%.

In keeping with knowledge from DappRadar, the non-fungible token (NFT) market Blur overtook rival OpenSea in transaction quantity and generated over $1.3 billion price of Ethereum NFT trades over the previous 30 days.

The determine successfully represents a 194.21% enhance from what was obtainable within the earlier month. In the meantime, OpenSea noticed $371.3 million in transaction quantity throughout the identical timeframe, representing barely a 16.8% constructive progress of the prior interval.

The X2Y2 NFT market occupying the third place got here shut behind with $355.6 million. Notably, the surge within the quantity of Blur follows an airdrop of its BLUR governance token to NFT merchants who earned rewards by {the marketplace} and those that traded elsewhere forward of the launch.

In keeping with the market monitoring web site, CoinMarketCap, the BLUR token has a fairly excessive market cap of $322 million regardless of launching solely sixteen days in the past. It trades at $0.8166, with a 12% fall within the final seven days. Apparently, BLUR hit an unimaginable all-time excessive of $45.98 on February 13 however has fallen by over 98% from that time to under one cent.

Moreover, the rising NFT market is teasing its subsequent Season two token airdrop, noting that merchants that bid on high collections nearer to the ground get extra rewards. In different phrases, merchants who bid near the most cost effective out there NFT for a specific challenge can have a greater likelihood for the upcoming freebies. Within the final 24 hours, the worldwide NFT market noticed an in-flow of almost $1 billion.