Blur Still Sees Record NFT Volumes Even After Crypto Airdrop
Trading activity on NFT marketplace Blur has again hit record levels, this time days after finishing its initial incentive scheme with a final crypto airdrop.
Blur processed NFT trades worth more than $101 million on Sunday, its highest ever daily volume, per Dune user hildobby’s dashboard. That beat its previous $81.3 million record set one day earlier.
The platform rewarded early users with their third and final airdrop on Feb. 14 — points scaled to their trading activities — which could then be converted to a new cryptocurrency BLUR on the same day.
Since then, Blur has seen more than five times the trade volume as incumbent marketplace OpenSea, even without token incentives. Blur processed $455 million in NFT trades between Feb. 15 and Feb. 20 to OpenSea’s $81.4 million.
The marketplace consistently topped the rankings in terms of trade activity and market share while the incentive scheme was active, and it seems that trend is continuing.
Blur’s total weekly market share, based on trade volumes, is sitting steady at about 80% versus next in line OpenSea’s 16%. The start of the month saw Blur and OpenSea at 46% and 36% of the total market, respectively.
Unlike straightforward venues like OpenSea, Blur doubles as a marketplace aggregator. Blur enables NFT trading across a variety of platforms under a single UI, including its own.
Source : [Blur Still Sees Record NFT Volumes Even After Crypto Airdrop](news.google.com/rss/articles/CBMiOWh0dHBzOi8vYmxvY2t3b3Jrcy5jby9uZXdzL2JsdXItbmZ0LXZvbHVtZS1jcnlwdG8tYWlyZHJvcNIBAA?oc=5) undefined - Blur OpenSea Ethereum NFT•Blockworks / February 21, 2023