Blur has dominated trading volume throughout February 2023. It has, however, lagged in the number of transactions. Blur has come a long way from its inception, which was less than two years ago. With such rapid expansion, at press time, it was overtaking OpenSea as the premier NFT marketplace. Battle for dominance gets fiercer Even […]
Even though it only began in October, the
-based protocol for institutional traders has already captured 46% of the overall weekly market share, leaving OpenSea in the dust with only 36%., Blur had the highest average daily transaction volume in the NFT sector until press time, at about $14.3 million compared to OpenSea’s $11.3 million. For most of December 2022 and the first few days of January 2023, Blur’s trading volume was higher than OpenSea.
Insight into the workings of both markets would explain why this is the case. Unlike Blur, which appeared to cater to institutional, high-volume trading, OpenSea was accessible to regular investors and other market participants.that it would impose creator royalties, taking a position in the creator royalty debate that had shaken the industry. However, the marketplace reaffirmed its commitment to continue its zero-fee policy, which has drawn traders to it.
In the post, they said they would help creators weed out marketplaces that did not impose creator fees. In addition, early sources indicated that the release of theRead the best crypto stories of the day in less than 5 minutes
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