• Blur raised over $1.3 billion in 30 days with Ethereum NFT transactions

  • OpenSea achieved a trading volume of $371.3 million in the same time frame.

  • The BLUR token peaked at $45.98 last month and is now down 98%.

According to data from DappRadar, non-fungible token (NFT) trading marketplace Blur has surpassed rival OpenSea in trading volume and raked in more than $1.3 billion in Ethereum NFT transactions in the past 30 days.

This effectively represents a 194.21% increase over what was possible last month. Meanwhile, OpenSea had a trading volume of 371.3 million USD in the same time frame, and the growth was only about 16.8% compared to the previous period.

X2Y2 NFT trading marketplace is the third-place winner, trailing behind with $355.6 million. Notably, Blur's increase in volume follows the airdrop of its BLUR governance token to NFT traders, who have earned rewards on the market and who have traded elsewhere first. when released.

According to market tracking website CoinMarketCap, the BLUR token has a high market capitalization of $322 million despite being launched only 16 days ago. It is currently trading at $0.8166 with a decline of 12% over the past seven days. This is also quite interesting because BLUR reached a staggering high of $45.98 on February 13 but has dropped more than 98% since then to less than a cent.

300M+ BLUR will be distributed to the community in Season 2. And what's the secret to maximizing the rewards? It's loyalty. Users with 100% loyalty will have the highest chance of receiving Mythical Care Packages that are 100 times more valuable than Uncommon Care Packages. Here are 3 ways to maximize your loyalty pic.twitter.com/Cgiemrvpxh

— Blur (@blur_io) February 21, 2023

Furthermore, this emerging NFT market is introducing an airdrop program next season, noting that traders who bid top collectibles closer to the floor price will receive more rewards. In other words, traders who bid on the cheapest NFTs available for a specific project will have a better chance of receiving upcoming freebies. Over the past 24 hours, the global NFT market has seen inflows of nearly $1 billion.

The post Blur outpaces OpenSea, raking in $1.3B net ETH from NFT transactions in February was first published on Coin Edition.