While the non-fungible Blur token market has captured a significant amount of market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. Currently, BLUR tokens are down more than 88% from the crypto asset’s all-time high on February 14, 2023.
Blur’s native token slides 28% against the dollar in 30 days
NFT marketplace Blur captured the most NFT sales over the past month, according to metrics from dappradar.com. Additionally, according to data From Dune Analytics, Blur’s market share in terms of volume over the past week was 71%.
The Dune Analytics dashboard, created by @hildobby, shows that over the past week, Blur accounted for 42% of transactions, while the Opensea NFT market accounted for 48.3%. In terms of merchant count last week, Opensea surpassed Blur, with over 89,000 merchants compared to Blur’s 39,000.
While the market has been competitive, Blur’s native token, BLUR, suffered last month compared to most crypto assets. For example, while ETH rose 8.5% more and BTC rose 19.8% in March, BLUR fell 28% against the US dollar.
BLUR currently has the 161st largest market capitalization, with a circulating supply of 426.84 million BLUR tokens. As of Sunday, April 2, 2023, BLUR’s market valuation is $248 million.
In the last 24 hours, BLUR has seen $75.59 million in global trade 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 BLUR being the main address contract implementer. Meanwhile, BLUR reached an all-time high against the US dollar on February 14, 2023, at $5.02 per unit. At current prices of $0.579 per BLUR, the token has fallen over 88% since then.
What do you think the future holds for the BLUR token and the NFT market in general, given current trends and statistics? Share your thoughts on this topic in the comments section below.
image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
