Blur Platform’s Lock-up Volume Drops, total transactions exceed $3 Million

03/11/2023 13:43 • Blockchain Buzz • 127 views

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 there has been a significant drop in the lock-up volume of Blur’s bidding pool. According to Defilama data, the volume has decreased continuously in the last week, reaching a low of $99.42 million, which is approximately 32.5% lower than the previous high of $147.18 million in March and February. This downward trend suggests a decrease in the interest of investors in the platform.

However, the message presents a contrasting trend in the total volume of transactions on the Blur platform. The report indicates that the total volume of transactions on the platform has exceeded US $3 million, currently reaching 3021555, according to Dune Analytics. The platform has witnessed transactions involving 1767379 ETH, which has been executed by 135676 independent buyers.

These statistics suggest that while there has been a decline in the lock-up volume, there have been consistent transactions by independent buyers on the platform. This might indicate that while there may be a decline in institutional investments, individual investors remain attracted to the Blur platform.

The message does not provide insights on the reason behind the decline in the lock-up volume of Blur’s bidding pool. However, fluctuation in prices, changes in market conditions, and the emergence of competing platforms may influence institutional investors’ decisions to invest in a platform.

In conclusion, the message presents two contrasting trends on the Blur platform’s performance. While the lock-up volume has gone down, the total volume of transactions continues to increase, attracting independent buyers to the platform. The message suggests a need for further analysis to understand the reasons behind the trends reported.

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