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More

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

    Latest News

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

    In response to knowledge from DappRadar, the non-fungible token (NFT) market Blur overtook rival OpenSea in transaction quantity and generated over $1.3 billion value 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 inside the identical timeframe, representing barely a 16.8% optimistic development 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 means of {the marketplace} and those that traded elsewhere forward of the launch.

    In response to the market monitoring website, 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 affordable accessible NFT for a selected mission may have a greater probability for the upcoming freebies. Within the final 24 hours, the worldwide NFT market noticed an in-flow of practically $1 billion.

    See also  The Fed might lose $100B — Does this spell disaster for Bitcoin?

    The put up Blur Overtakes OpenSea, Generates $1.3B ETH NFT Trades in February appeared first on Coin Version.

    See authentic on CoinEdition

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