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Blur Ethereum dominates NFT market destruction volume

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It is reported that according to the data of Ultrasound.money, the destruction volume of Blur Ethereum, the aggregator in the NFT market, has reached 7225.25 E…

Blur Ethereum dominates NFT market destruction volume

It is reported that according to the data of Ultrasound.money, the destruction volume of Blur Ethereum, the aggregator in the NFT market, has reached 7225.25 ETH, surpassing Optim (7182.58 ETH).

Blur Ethereum destroyed more than Optimism

Interpret the above information:


The NFT (Non-Fungible Token) market is booming, with the digital art industry seeing a significant surge in demand in recent years. However, as with any thriving market, there are bound to be fluctuations, and the NFT market is no exception. The latest data from Ultrasound.money shows that there has been a change in the pecking order of NFT aggregators, with Blur Ethereum taking the lead in terms of the destruction volume in the market.

According to Ultrasound.money, Blur Ethereum has surpassed Optim in terms of destruction volume, with 7225.25 ETH (Ethereum) destroyed compared to Optim’s 7182.58 ETH. This means that Blur Ethereum has the highest destruction volume, indicating that it is the most popular aggregator in the current NFT market.

But what exactly is “destruction volume,” and why is it significant? Destruction volume refers to the amount of cryptocurrency that an NFT aggregator burns or destroys when it lists NFTs on its platform. When an NFT is listed on a platform, the platform issues a new token that represents ownership of the artwork. This token is unique and is backed by a certain amount of cryptocurrency. When the token is sold, the cryptocurrency backing it is destroyed or “burnt.” This is done to help regulate the supply of cryptocurrency in circulation and prevent inflation.

The fact that Blur Ethereum has the highest destruction volume in the market means that it is seeing the most demand from buyers and sellers alike. This could be attributed to several factors such as user experience, user interface, trading volume, and overall platform popularity. In any case, the data from Ultrasound.money suggests that Blur Ethereum is currently the most popular NFT aggregator in the market.

In conclusion, the recent data from Ultrasound.money highlights the importance of destruction volume as a metric for NFT aggregators. With Blur Ethereum taking the lead in terms of destruction volume, it is clear that the platform is currently dominating the NFT market. This could change in the future as the market continues to evolve, but for now, Blur Ethereum seems to be the top choice for both buyers and sellers of NFTs.

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