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Blur bidding pool experiences a decrease in lock-up volume

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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 $1…

Blur bidding pool experiences a decrease in lock-up volume

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 experienced a continuous drop in the past week, reducing from a high of $147.18 million in March and February to $99.42 million, a decrease of 32.5% from the previous high. This trend indicates a reduction in the inclination of investors to lock up their funds in the bidding pool, resulting in decreased investment activity on the Blur platform.

The falling lock-up volume of Blur’s bidding pool could result from several factors such as reduced investor confidence in the platform due to its recent performance, declining market sentiments, and increased competition from other investment platforms. Investors may also be withdrawing their investments to capitalize on other opportunities or cut losses, causing a reduction in their active participation in the platform’s bidding pool.

Furthermore, the report indicates that the total transaction volume on the Blur platform has exceeded US $3 million, reaching 3021555, with a total volume of 1767379 ETH and 135676 independent buyers. This figure is contradictory to the drop in the bidding pool lock-up volume, indicating that the platform’s transaction volumes are not necessarily affected by changes in the bidding pool’s lock-up volume.

This trend could indicate that buyers on the Blur platform are more active in other areas of the platform, such as trading and purchasing, than in the bidding pool. This scenario implies that Blur could focus on creating platforms to boost trading activities and boost investor confidence in the platform.

In conclusion, the message indicates that the Blur bidding pool’s lock-up volume has decreased, while the transaction volumes have increased. Although the decline may indicate a loss of confidence or competition, the long-term prospects for the platform should improve if it focuses on expanding trading activities and creating confidence-building initiatives to propel the bidding pool’s lock-up volume.

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