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Blur- The New Champion of Ethereum NFT Transactions

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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- The New Champion of Ethereum NFT Transactions

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:


The world is going through a digital revolution, and the latest buzz in the market is about Non-Fungible Tokens (NFTs). As per the report of DappRadar, an online platform that provides insightful data on decentralised applications, Blur has established a new record by generating 460 million US dollars worth of Ethereum NFT transactions in the last seven days. The figure is a 361% increase compared to the previous month, and this considerable traffic towards the Blur platform has not only helped them gain a prominent position in the NFT market but has also influenced the overall NFT trading experience positively.

The data furnished by CryptoSlam, a website that tracks the sales of various NFT projects, indicates that Blur has contributed tremendously to the total transaction volume on the Ethereum blockchain. As per their data, the total transaction volume on the Ethereum chain increased by 155% in a single week, and Blur deserves the credit for it.

However, Blur is not the only platform out there, and hence it’s crucial to look at the competition. The report indicates that OpenSea, the current leader in NFT trading, has increased its trading volume by 12% and has managed to generate a revenue of US $107 million during the same period. The third NFT market in the race is X2Y2, however, it lags behind by a considerable margin, generating only US $11 million in sales.

The report further suggests that Yuga Labs, the owner of MetaVerse, is currently leading the NFT transactions for the whole market, registering a volume of $63 million in just seven days, a massive 318% increase compared to the last year.

It is evident that the world is leaning towards NFTs, and the competition in the market is going to get more vigorous with time. Making the right move for survival and success in this market is significant, and Blur seems to have emerged as a promising contender.

In conclusion, Blur has made a remarkable mark in the NFT market by generating a massive volume of transactions in a short period. The boost in the overall NFT transactions volume is worth noting. It’s still early days in NFTs, and the competition is still heating up. This report indicates that the players in this market have a lot to gain if they pay attention and make the correct moves.

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