NFT Marketplace Blur Processes Up to 60% of NFT-related Transactions
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Data from Messari showed that Blur had surpassed OpenSea to become the top NFT platform in terms of trading volume since its launch in October 2022.
Transaction activity on the platform pushed OpenSea’s market dominance to only 21%, compared to its earlier dominance in the tokenized collections market.
However, market data from Dune Analytics revealed that interest in digital collections has been diminishing, as evidenced by a 46% drop in the market capitalization of NFT projects along with a 98% reduction in daily trading volume – from an average of $420.4 million in mid-February to just $5 million in August.
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