New NFT Marketplace Blur Closes in on OpenSea in 24 Hour Trade Volume

New NFT Marketplace Blur Closes in on OpenSea in 24 Hour Trade Volume

Rosie Perper is the Senior Editor for CoinDesk Learn, focusing on crypto explainers across blockchain, cryptocurrency, NFTs and DAOs. She has previously worked across breaking news, global finance, tech and culture, and holds a small amount of BTC and ETH.

Newly launched NFT marketplace Blur conducted 1,160 ETH of single-day trading on its platform, according to Dune analytics, placing it just behind OpenSea in terms of 24-hour trading volume.

According to the dashboard, created by NFT data aggregator Sealaunch, OpenSea still maintains a sizable lead on Blur, although trading on Wednesday topped other Ethereum-based competitors like LooksRare and X2Y2. The platform also had 2,527 unique users on Wednesday and made 10,911 sales. Other data tracking tools, including DappRadar, which does not yet track data from Blur, supported the dashboard’s 24-hour trading volume numbers, placing OpenSea with $8.9 million in the top spot, Blur second, followed by X2Y2 with $1.7 million with and LooksRare with $406,000.

Blur celebrated the milestone on Twitter, saying that it “became the #2 NFT marketplace by volume (excluding wash trades)!” as well as the “#1 aggregator” for NFTs.

Blur launched a beta version last week to buzzy reception, offering zero trading fees and an airdrop of its native token to traders on the platform. It also boasts over $14 million of backing from venture-capital giant Paradigm, NFT-native investment fund 6529, digital art collector Cozomo Medici and others.

The key selling point is its targeting of “professional” NFT traders with a range of features like “floor sweeping” across multiple marketplaces, reveal “sniping” and advanced portfolio analytics tools.

Sign up for Crypto Investing Course, A weekly newsletter to be a smarter, safer investor in eight weeks.

By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.

DISCLOSURE

Please note that our

privacy policy,

terms of use,

cookies,

and

do not sell my personal information

has been updated

.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

strict set of editorial policies.

CoinDesk is an independent operating subsidiary of

Digital Currency Group,

which invests in

cryptocurrencies

and blockchain

startups.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

stock appreciation rights,

which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG

.

Rosie Perper is the Senior Editor for CoinDesk Learn, focusing on crypto explainers across blockchain, cryptocurrency, NFTs and DAOs. She has previously worked across breaking news, global finance, tech and culture, and holds a small amount of BTC and ETH.

Rosie Perper is the Senior Editor for CoinDesk Learn, focusing on crypto explainers across blockchain, cryptocurrency, NFTs and DAOs. She has previously worked across breaking news, global finance, tech and culture, and holds a small amount of BTC and ETH.

Leave a Reply

Your email address will not be published. Required fields are marked *