• Blur NFT marketplace is outperforming OpenSea in terms of trading volume despite having fewer traders.
• As of writing, Blur accounts for 46% of the total weekly trading volume compared to OpenSea’s 36%.
• Despite being second in terms of trading volume, OpenSea leads the pack in the number of weekly trades.
Blur Outperforms OpenSea In Trading Volume
Blur NFT marketplace is continuously topping charts regarding NFT trading volume, pushing OpenSea, the world’s largest NFT marketplace, to second place. Despite its recent debut in October, Blur has scooped the lion’s share of the total NFT volume traded across all marketplaces.
As of writing this, Blur currently accounts for 46% of the total weekly trading volume compared to its biggest competitor OpenSea, which presently has 36% only.
Bidding Pools Surge To All-Time Highs
Blur NFT marketplace raised 11 million dollars in its early stages of development. Since then, the platform’s bidding pools have skyrocketed to all-time highs of $42 million.
OpenSea Leads The Pack In Weekly Trades
Despite being second in terms of trading volume, OpenSea leads the pack in the number of weekly trades. As of yesterday, on-chain data reveals that OpenSea housed 29,600 transactions compared to Blur which saw only 12,601 trades.
User Experiences Loss On Bidding System
On Dec 8th a user by Keungz lost 70 ETH using blur’s bidding system and thought it was his fault when it happened. After investigation however it was linked to blurs new bidding system and they refunded 50% off what was lost.