According to data analytics platform Nansen, on Wednesday, February 15, the daily Ethereum trading volume of the NFT Blur market surpassed that of OpenSea for the first time. The surge comes a day after Blur released its native token a day earlier, a move that pushed competition between the two NFT marketplaces to new heights.
On Wednesday, Blur’s market volume was 6,602 ETH, while OpenSea’s volume was 5,649 ETH.
Daily trading volume of the NFT market.Source: Nansen
Blur’s daily transaction volume has also skyrocketed, thanks to a Blur blog post advising creators to block NFT listings on OpenSea as a way to collect all royalties on Blur’s free market. Currently, conflicting rules prevent artists from earning royalties on both OpenSea and Blur.
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OpenSea is still the “wolf”
Blur has yet to outpace OpenSea on a weekly time frame, despite having higher daily volume than OpenSea on Wednesday.
OpenSea’s weekly transaction volume is always much higher than Blur’s figures. In the most recent week, OpenSea saw a weekly transaction volume of 36,608 ETH, while Blur recorded 11,424 ETH, according to on-chain analytics firm Nansen.
Weekly trading volume of the NFT market. Source: Nansen.
Another important metric to note is that sales and wallets on OpenSea are still higher than on Blur.
Sales and wallets for NFT marketplaces. Source: Nansen.
From February 7th to February 14th, sales on OpenSea were on average 8.37 times the number on Blur, and the number of wallets on OpenSea was approximately 8 times that on Blur.
This gap between OpenSea and Blur has narrowed and reached its minimum on Wednesday. On that day, OpenSea’s sales volume was 19,908, 1.63 times that of Blur’s total sales volume of 12,185.
When we look at the number of active wallets on both markets, we can see a similar trend: the number of wallets interacting with OpenSea is currently only twice the number of wallets interacting with Blur, indicating a clear upward trend. first and second largest markets.
After breaching an all-time high of $5.02 on Feb. 14, Blur.io’s native token BLUR is now down nearly 81% from its peak, trading at $0.94 at press time.
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According to CoinDesk