Assessing Blur’s state of affairs after the recent bug infestation

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Assessing Blur’s state of affairs after the recent bug infestation
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Blur's bid metrics were impacted by a bug recently, leading to a drop in bids on the platform. Meanwhile, the Blur token's price trend faced challenges.

informed users of a bug in their message processing system that impacted several canceled bids made in the past 80 hours. To address the issue, the platform promptly disabled its bids accept function. However, during a brief 30-minute period, 36 affected bids were accepted.

In response, Blur canceled all current bids that exceeded the minimum bid threshold before allowing the acceptance to resume. Additionally, the company pledged to refund affected traders twice the difference between their initial bid price and the actual top bid at the time.further revealed a noticeable drop in bids on the platform. Specifically, a sharp decline was observed on the pool balance chart between 18 April and 20 April, followed by a brief uptick on 21 April.

A slight downward trend was evident, and the pool balance sat at approximately 48,263 Ethereum . As of this writing, the total value of the pool exceeded $93.8 million.Moreover, a review of Blur’s inflow and outflow data on Dune Analytics showed a slight discrepancy, with outflows exceeding inflows. Currently, deposits amount to approximately $43 million, while withdrawals total roughly $46 million. Despite the decline in bids, the platform’s current bid volume is the second highest for this month, following several days of decreased activity.

At the time of writing, the bid volume on the platform was over 8000 in terms of ETH. However, this figure indicated a decline compared to the levels seen in previous days.

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