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Blur dominates NFT transactions with $460 million in a week

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It is reported that according to data from DappRadar, Blur has generated 460 million US dollars worth of Ethereum NFT transactions in the past seven days, up 3…

Blur dominates NFT transactions with $460 million in a week

It is reported that according to data from DappRadar, Blur has generated 460 million US dollars worth of Ethereum NFT transactions in the past seven days, up 361% month-on-month. At the same time, the trading volume of OpenSea increased by 12% to US $107 million during this period. The third NFT market was X2Y2, and the trading volume was only US $11 million during the same period. In addition, according to CryptoSlam data, Blur has driven the total transaction volume of NFT on the Ethereum chain to increase by 155% in a single week. The NFT project with the largest transaction volume in the past week (the whole market) is the NFT plot in the Yuga Labs Meta Universe game Otherside, which generated about 63 million dollars of transactions, with a year-on-year increase of 318%. （decrypt）

Data: Blur’s trading volume on the Ethereum chain reached 460 million US dollars in the past week, surpassing OpenSea’s ranking of the first in the weekly trading list

Interpretation of the news:


According to the latest data from DappRadar, Blur has emerged as the clear winner in the NFT market. The platform reportedly generated a whopping $460 million worth of Ethereum NFT transactions in just a week, marking a staggering 361% rise from the previous month. This massive surge in transactions has helped Blur to surge ahead of other popular platforms such as OpenSea and X2Y2.

In comparison, the trading volume of OpenSea increased by just 12% to reach $107 million, during the same period, while X2Y2 lagged behind with a relatively paltry $11 million in trading volume. These figures clearly demonstrate that Blur has captured the imagination of NFT enthusiasts, leading to a significant increase in transactions.

Further, CryptoSlam data shows that Blur has been instrumental in driving a 155% increase in the total transaction volume of NFT on the Ethereum chain in just a week. This highlights the role that this platform has played in driving the growth of the NFT market overall.

Interestingly, the largest transaction volume in the entire NFT market was for the NFT plot in the Yuga Labs Meta Universe game Otherside, which generated around $63 million in transactions. This marks an impressive YoY increase of 318%, indicating that the popularity of NFTs continues to grow.

The latest data underscores the growing significance of NFTs and the key role that Blur is playing in driving their adoption. With its impressive growth, it is likely that the platform will continue to attract more users, solidifying its position as a leading player in the NFT market.

In summary, NFTs have captured the attention of investors and collectors alike, with Blur leading the way in terms of the sheer volume of transactions. This trend is expected to continue, especially as more individuals become aware of the potential value of NFTs.

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