Blur grabs Ethereum NFTs’ biggest share, but that’s not the entire story

ambcrypto.com:

The Blur NFT marketplace may have launched in October 2022 but its track record since proves that the platform cares less about longevity. Also functioning as an aggregator, the marketplace has again demonstrated that it is not just resting on its oars.

Realistic or not, here’s BLUR’s market cap in ETH’s terms

According to Dune Analytics, Blur accounts for over 80% of the total Ethereum [ETH] NFT volume. This has been the case for the entirety of the month on March. 

At press time, the blockchain query visualization platform revealed that the Blur’s volume was as high as 4119.82. This was far above OpenSea’s figures, at 1011.65 ETH, while others including LooksRare and X2Y2 had negligible sales compared to the top two.

Source: Dune Analytics

Blur’s quick rise to relevance at this time is not coincidental. A week ago, the marketplace grabbed a significant part of the NFT market share, overtaking the revered OpenSea.

Here, it is noteworthy to mention that trump in the marketplace was also crucial to the border NFT sales hitting a nine-month high in February. However, despite the success with digital collectibles, the BLUR token has been a mess . At the time of writing, the token was down 88.50% in the 30 days. 

Additionally, Blur’s exceptional record has not been able to positively impact the broader ETH NFTs sales volume. This inference can be made because overall buyers of the collectibles fell over the last seven days by 88.07%.

Source: CryptoSlam

Furthermore, CryptoSlam , the NFT aggregator, showed that sales were down 16.58% to $145.82 million within the aforementioned period. Consequently, this drop has made Ethereum NFTs lag behind the performance of assets under Arbitrum , Solana [SOL] , and Polygon