Blur solidifies reign in NFT space with 60% trading volume market share

OpenSea remains on the sidelines as Blur dominates NFTs trading volume on Ethereum. Although the general drop in interest has affected activity on Blur, its daily sales volume puts it ahead of OpenSea Across Ethereum-native NFTs marketplaces, Blur remains dominant as the NFT marketplace and aggregator, accounting for nearly 60% of all trading volume on the chain, Messari found in a new report.

Timeline of Blur-token

BLUR has been on a significant bearish downward spiral for over a month. However, the launch of Blur's v2 marketplace could kickstart an uptick in trading volumes, which could translate to a bullish price reversal.

Blur (BLUR) is a cryptocurrency that got a lot of attention and popularity soon after it was released. However, according to recent data, 98.88% of BLUR holders are currently losing money.

In a significant development within the crypto community, the wallet address known as “0xD5eE” has made a noteworthy move by selling off a substantial amount of BLUR tokens. This wallet address had previously attracted attention due to its massive accumulation of BLUR tokens received through airdrops.

BLUR, the native token of the Blur NFT marketplace, saw a recent boost in its market price following a particular announcement. According to data by CoinMarketCap, BLUR has gained by 11.75% in the last 24 hours, emerging as one of the top gainers in today's market.

The native utility token of the top non-fungible token (NFT) marketplace Blur (BLUR) secured the top spot among the top 100 cryptocurrencies with a sudden hike in the past 24 hours. BLUR gained 22.

The altcoin growth momentum is mixed today as the broader cryptocurrency landscape is mixed with both positive and negative price trends. Of the altcoins making impressive moves today, Blur has taken an emphatic lead after soaring as high as 25% in what can be defined as its biggest price show over the past month.

In the whirlwind of the global crypto market, one significant event looms on the horizon for BLUR, a thriving digital token. A colossal 196 million BLUR, equivalent to approximately $62.3 million, is slated for release tomorrow, accounting for roughly 40% of its circulating supply.

Tomorrow marks a significant event for BLUR, as 196 million tokens worth $62.3M, equivalent to approximately 40% of its circulating supply, will be unlocked. This unlocking event raises questions about the potential impact on market sentiment and SmartMoney and whales' buying or selling behavior.

A recent study by Dappradar discloses the May loan volumes for non-fungible tokens (NFTs) reached a high of $375 million. The findings emphasize the significant influence of Blur within the NFT lending market, as the NFT marketplace platform constitutes 82% of the entire value settled in the NFT lending sector.

Blur's new NFT lending protocol Blend attracts vast majority of users. Overall interest in Ethereum NFTs begins to rise, contributing to the growing daily activity on the network.