Blur NFT marketplace leads NFT trading volume

Over the last seven days, Blur’s NFT trading volume rose by 445%, to $519.17 million. The marketplace outpaced OpenSea on this metric, according to DappRadar.

On OpenSea trading volumes for the week also rose, but by only 239%. The number of traders on the previously leading platform fell by 8%.

According to CryptoSlam, overall NFT sales on the Ethereum base for this period rose by nearly 189% to $600.9 million.

Blur supports only the Ethereum blockchain, whereas OpenSea has also integrated Polygon, Solana, BNB Chain and Avalanche.

The surge in Blur’s metrics came amid a governance token airdrop among NFT traders. The media reported plans for the marketplace to close a funding round with a valuation of $1 billion.

In mid-February, Blur’s head, known as Pacman, urged NFT creators to ignore OpenSea because of the royalty-collection policy.

Against the backdrop of the standoff between the two platforms, the OpenSea team shifted the marketplace to an optional-royalty model, temporarily suspended fees and allowed assets listing on third-party marketplaces.

In February, the number of Ordinals-based NFTs on the Bitcoin blockchain, issued via the Ordinals protocol, exceeded 100,000.