BLUR price drops 28% in March despite dominance of Blur.io’s NFT sales

According to dappradar.com, the NFT Blur marketplace accounted for the majority of NFT sales in the past month. Additionally, Blur has a market share of 71% over the past week, according to Dune Analytics.

Source: Dune Analysis

The Dune Analytics dashboard created by @hildobby shows that Blur accounted for 41.9% of transactions in the past week, while the Opensea NFT market accounted for 48.4%. In terms of the number of traders over the past week, Opensea has overtaken Blur with over 89,995 traders compared to Blur’s 39,548.

Source: Dune Analysis

Despite a highly competitive market, Blur’s native token, BLUR, has underperformed in the last month compared to most crypto assets. For example, while ETH gained 8.5% in March and BTC gained 19.8% in March, BLUR fell 28% against the USD.

BLUR USD chart. Source: TradingView

Currently, BLUR is ranked 161st with a market cap of $248 million and a circulating supply of 426.84 million tokens.

In the past 24 hours, BLUR’s global trading volume has reached $75.59 million, and Okx is the most active BLUR exchange today. Statistics further show that 42,509 unique addresses hold BLUR, and about 94.42% of circulating BLUR are held in 10 wallets.

Data from coincarp.com shows that 100 BLUR holders control 98.1% of the total supply, with the top addresses being BLUR contract deployers. Meanwhile, BLUR reached an all-time high on February 14, 2023 at $5.02 against the US Dollar. At its current price of $0.59, the token has lost more than 88% since then.