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Blur Bidding Pool Lock-Up Volume Decreases by 32.5%

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It is reported that according to Defilama data, the lock-up volume of Blur\’s bidding pool has dropped continuously in the past week after reaching a high of $14

Blur Bidding Pool Lock-Up Volume Decreases by 32.5%

It is reported that according to Defilama data, the lock-up volume of Blur’s bidding pool has dropped continuously in the past week after reaching a high of $147.18 million in March and February, and has now dropped to $99.42 million, down about 32.5% from the previous high. In addition, according to Dune Analytics, the total volume of transactions on the Blur platform has exceeded US $3 million, currently reaching 3021555. The total volume of transactions on the platform has reached 1767379 ETH, with 135676 independent buyers.

Data: The lock-up volume of Blur’s bidding pool fell below US $100 million, and the total number of platform transactions exceeded 3 million

Analysis based on this information:


The message reports that the lock-up volume of Blur’s bidding pool has continuously decreased over the past week. The data from Defilama shows that the bidding pool’s lock-up volume dropped to $99.42 million, which is 32.5% lower than the peak figure of $147.18 million recorded in February and March. This decline indicates that there may be low demand for Blur tokens or investors are moving their assets to other projects.

However, despite the decrease in the lock-up volume, the total value of transactions on Blur platform continues to rise. Dune Analytics reported that the total volume of transactions exceeded US $3 million, which is impressive given that the project is still in its early stages. This growth may indicate that there is an increasing demand for utility tokens on the Blur platform.

It is also noteworthy that the total volume of transactions on the platform reached 1767379 ETH, an Ethereum blockchain-based cryptocurrency. This shows that Blur is not limited to one cryptocurrency and may attract a wider range of users. Additionally, the data shows that there are currently 135676 independent buyers on the platform, indicating that Blur may be useful to people outside of crypto circles as well.

In conclusion, the report suggests that Blur has experienced a drop in lock-up volume despite the increase in the total value of transactions on the platform. The data shows a significant change in the market dynamics since February and March, indicating that investors’ sentiment may have shifted. However, the platform’s potential for growth and diversification is evident in the increasing number of independent buyers and the use of Ethereum in transactions. It remains to be seen how Blur will respond to these changing market conditions and how investors will perceive its potential in the long run.

Keywords:
Defilama – A source that provides data on cryptocurrencies, discussing the decrease of Blur’s bidding pool lock-up volume.
Dune Analytics – A source that provides data on various blockchain networks, referring to Blur’s platform’s total transaction volume.
Blur platform – A new ecosystem of DeFi projects in which users can participate in liquidity provision, yield farming, and management of their assets.

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