Disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own insights. See full terms

NewsNFT Market Recovering with Blur Dominates 80% of Market Share

NFT Market Recovering with Blur Dominates 80% of Market Share

Dec 05,2023,03:28

According to The Block, the NFT market has seen a spike in activity over the past month, with the majority of the increased trading volume occurring on the Blur.

November recorded $605 million in Ethereum-based NFT trading, an increase of almost 100% from $306 million in October.

Since February of this year, the NFT sector has witnessed a notable market share shift from OpenSea to Blur, with the later marketplace now dominating almost 80% of total trading volume in the Ethereum-based NFT market. OpenSea, the NFT marketplace that was once dominant, has been ceding ground and currently holds around only 17% of NFT trading volume.

Source
News
Join Our Community

Get the BloFin App