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Blur Market Outperforms OpenSea in Trading Volume

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On February 22, according to data from Dune Analytics, the trading volume of Blur market in the past week was nearly $390 million, more than four times that of…

Blur Market Outperforms OpenSea in Trading Volume

On February 22, according to data from Dune Analytics, the trading volume of Blur market in the past week was nearly $390 million, more than four times that of OpenSea in the same period ($89 million). In addition, the number of orders concluded by Blur last week (285000) was only slightly higher than that of OpenSea (258000), and the number of users of OpenSea last week (136000) was still significantly higher than that of Blur (83000).

Data: Blur’s market share exceeded OpenSea by four times last week

Interpret the above information:


According to the data from Dune Analytics, Blur Market has outperformed OpenSea in terms of trading volume in the past week. Blur Market’s trading volume was nearly $390 million, which is more than four times that of OpenSea’s trading volume in the same period, which was $89 million. Although Blur Market had slightly more orders (285,000) than OpenSea (258,000), OpenSea still had significantly more users (136,000) than Blur Market (83,000).

The data indicates that Blur Market has become a popular platform for crypto traders, especially those seeking to trade non-fungible tokens (NFTs). It is an Ethereum-based marketplace that supports trading of NFTs and other digital assets. Blur Market’s success can be attributed to the growing popularity of NFTs, which are unique digital assets that are becoming increasingly sought-after by collectors, artists, and creators.

Despite the lower number of users on Blur Market, the platform’s trading volume suggests that it has a highly engaged user base. Its users are likely more active and are making more trades than those on OpenSea. This could be because Blur Market’s focus is primarily on NFT trading, while OpenSea offers a broader range of digital assets.

The data also suggests that OpenSea will need to step up its game to compete with Blur Market in terms of trading volume. OpenSea’s user base is significantly larger, but they will need to increase engagement by facilitating more trades to compete with Blur Market’s success.

In conclusion, the data from Dune Analytics indicates that Blur Market has outperformed OpenSea in terms of trading volume in the past week. This suggests that Blur Market has become a popular platform for NFT trading, likely due to the growing popularity of NFTs. While OpenSea has a larger user base, they will need to increase engagement to compete with Blur Market’s trading volume.

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