In the ever-changing nft space, the Blurry market is advancing, claiming a whopping 80% of the total non-fungible collectible trade volume.
Even though OpenSea was once the dominant player, market share has dropped to 17%. Blur has prevailed over OpenSea since February, leading to Blur dominating nearly 80% of the ethereum-based nft landscape.
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A broader look at the growth of the nft market
November marked a notable milestone for NFTs, raising $605 million in ethereum trading, an increase of more than 100% compared to the previous month. This momentum continues into December, with transactions exceeding $90 million and the Blur marketplace contributing approximately $70 million of this amount.
In addition to ethereum, Solana-based exchanges also saw an increase in trading activity last month and into December. On November 30, the total trading volume in Solana markets reached $9.3 million, an amount that had not been achieved since April of last year. Notably, the majority of these transactions were made on the Tensor marketplace, with daily Solana-based trades reaching around $5 million.
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