• Blur NFT marketplace is outperforming OpenSea in terms of trading volume, despite having fewer traders.
• Blur currently accounts for 46% of the total weekly trading volume compared to OpenSea’s 36%.
• Despite being second in terms of trading volume, OpenSea leads the pack in number of weekly trades.

Blur Outperforming OpenSea in Trading Volume

The NFT marketplace Blur is outperforming OpenSea, the world’s largest NFT marketplace, by dominating the charts regarding NFT trading volume. As of writing this, Blur currently accounts for 46% of the total weekly trading volume compared to its biggest competitor OpenSea with only 36%.

Blur Bidding Pools Surge

Since raising 11 million dollars in its early stages of development, Blur’s bidding pools have skyrocketed to an all-time high of $42 million. On December 8th, a Twitter user encountered an issue with the platform’s new bidding system and was refunded 50% of their lost amount by Blur.

OpenSea Leading In Number Of Trades

Despite being second in terms of trading volume, OpenSea still leads other marketplaces in number of weekly trades with around 29,600 transactions as opposed to 12,601 on Blur platform.

Data From Dune Analytics

Data from Dune analytics depicts that daily trade activities on both platforms are as follows: roughly $14.3 million traded on the Blur platform and $11.3 million traded on the OpenSea platform.

Conclusion

Despite debuting just last October, it appears that Blur has taken over as the dominant player when it comes to NFT trade activities across all marketplaces. With its impressive performance and outstanding customer service solutions such as refunds for issues encountered utilizing their system; it looks like they are here to stay!