• Blur NFT marketplace is outperforming OpenSea in trading volume despite having fewer traders.
• Blur has scooped the lion’s share of total NFT volume traded across all marketplaces.
• Bidding pools on Blur have skyrocketed to all-time highs of $42 million.
Blur Outperforms OpenSea in Trading Volume
The NFT marketplace Blur is outperforming OpenSea, the world’s largest NFT marketplace, in terms of trading volume despite having fewer traders than the latter. As of writing this, Blur currently accounts for 46% of the total weekly trading volume compared to its biggest competitor OpenSea, which presently has 36% only.
Blur Leads the Pack In Total Weekly Volume
Data from Dune analytics, a blockchain data provider, depicts that Blur has dominated the NFT sector’s trading volume since the beginning of February with roughly around $14.3 million traded on the platform daily. This puts it significantly ahead of its competitors when it comes to total weekly volumes.
OpenSea Leads In Number Of Weekly Trades
Despite being second in terms of trading volume, OpenSea leads the pack when it comes to number of weekly trades with 29,600 transactions compared to Blur’s 12,601 trades as of yesterday.
Blur Bidding Pools Surge To All-Time Highs
Since its early stages of development last year where it raised 11 million dollars , Blur’s bidding pools have skyrocketed to all-time highs of $42 million – pushing its Total Value Locked (TVL) close to two thirds.
User Loses 70 ETH On Platform Despite Refund
On Dec 8th a Twitter user going by Keungz lost 70 ETH using the platform’s bidding system and was refunded 50% by Blur after operating his digital assets while exhausted and thinking it was his own fault