Data from dappradar reports February NFT trading volumes at $2 billion, the largest since the LUNA crash in May 2022, thanks to blur_io. camgthompson reports:
Sara Gherghelas, blockchain research analyst at DappRadar told CoinDesk that while Blur is overtaking market share and challenging the historically leading NFT marketplace, the marketplace isn’t bringing new traders into NFTs. While OpenSea is targeted towards retail traders, Blur’s focus on professional traders may be raising trading volumes, not new buyers.
“Blur doesn't bring adoption,” said Gherghelas. “As of right now, they are just bringing hype with the token launch, but it's impressive what they're doing.”, it's been focusing on targeting floor-sweeping NFT traders looking to make large-scale purchases with zero fees. It quickly rose to popularity by incentivizing traders to transact on the platform to be eligible to receive its native token BLUR ahead of the token's release in February.
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