While non-fungible token marketplace Blur has taken a significant chunk of market share in terms of NFT sales, the market’s original token, BLUR, lost more than 28% in value last month. Currently, BLUR tokens are down more than 88% since the crypto asset’s all-time high on February 14, 2023.
Blur’s Native Token Slides 28% Against the Greenback in 30 Days
NFT marketplace Blur has taken a majority of NFT sales over the past month, according to calculations from dappradar.com. Additionally, according to data from Dune Analytics, Blur’s market share by volume in the last week was 71%.
The Dune Analytics dashboard, created by @hildobby, shows that last week Blur accounted for 42% of trades, while NFT marketplace Opensea accounted for 48.3%. In terms of the number of traders in the last week, Opensea surpassed Blur, with over 89,000 traders compared to Blur’s 39,000.
While the marketplace has been competitive, Blur’s native token, BLUR, has suffered in the past month compared to most crypto assets. For example, while ETH surged 8.5% higher and BTC surged 19.8% in March, BLUR fell 28% against the US dollar.
Currently, BLUR has the 161st largest market cap, with a circulating supply of 426.84 million BLUR tokens. As of Sunday, April 02, 2023, BLUR’s market cap is $248 million.
In the last 24 hours, BLUR has seen $75.59 million in global trading volume, with Okx being the most active BLUR exchange today. Statistics further indicate that 42,509 unique addresses hold BLUR tokens, and approximately 94.42% of all BLUR created are held in 10 wallets.
Rich list data from coincarp.com shows that 100 BLUR holders control 98.10% of the total supply, with the top address being the BLUR contract provider. Meanwhile, BLUR hit an all-time high against the US dollar on February 14, 2023, at $5.02 per unit. With current prices at $0.579 per BLUR, the token has fallen more than 88% since then.
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Blockchain, Blockchain Technology, Blur, BTC, Circulating Supply, Crypto Assets, Crypto Market, Cryptocurrency, Cryptocurrency Exchanges, Cryptocurrency Wallets, dappradar.com, Decentralized Finance, DeFi, Digital Art, Digital Assets, Dune Analytics, ETH, Global Trading, Investors, Market Analysis, Market Cap, Market Share, Market Trends, Market Assessment, Calculations, Native Token, NFT Marketplace, NFT Sales, Rich List, Smart Contracts, Statistics, Top Addresses, Traders, trading, Trading Platforms, Trading Volume, USD, Wallets
What do you think the future holds for the BLUR token and the NFT market as a whole, given current trends and statistics? Share your thoughts on this topic in the comments section below.
Jamie Redman
Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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