Blur, the NFT trading platform, is swiftly growing its transaction volumes. The NFT buying and selling platform, is rapidly increasing its transaction volumes and gaining a larger share day by day. Currently, it controls 80% of the total volume in the entire NFT market.
Last month, there was a noticeable increase in activities in the NFT market, with a significant portion of the rising transaction volume taking place on the Blur platform.
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According to some data provided to users, Ethereum-based NFT transactions exceeded $605 million in November. This figure represents an almost 100% increase compared to the monthly transaction volume of $306 million in October.
With four days remaining in December, the NFT transaction volume for the month has already reached nearly $90 million, with approximately $70 million of that coming from transactions on the Blur platform. This striking increase demonstrates Blur’s impact and popularity in the industry.
The market share of the previously leading OpenSea has dropped to around 16%. Blur has surpassed OpenSea since February, taking control of the majority of the Ethereum-based NFT market.
While other marketplaces such as LooksRare and X2Y2 exist, they seem to have only a small share in the monthly transaction volume of the market, especially when compared to the significant influence of Blur and OpenSea in transactions.
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