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Blur Emerges As The New OpenSea Competitor Among Ethereum NFT Marketplaces – CryptoMode

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CryptoMode College Students NFTs NFT Volumes Blur

NFT marketplaces continue to struggle to attract more users and sales. Although their monthly volumes are still decent, the lower ETH price doesn’t necessarily spark a buying frenzy. Even so, no one can threaten OpenSea’s market position, although Blur puts up a valiant effort. 

NFT Marketplaces Start To Compete Again Thanks To Blur

There are several crucial metrics to determine the current NFT industry’s health. One obvious option is to look at the primary KPIs of the non-fungible token marketplaces. The Dune dashboard here checks OpenSea, Genie, Gem, LooksRare, Blur, X2Y2, and “others” for volume, sales, unique users, etc. Every metric tells a story and will help determine how people today approach non-fungible tokens. 

The good news is that there is a strong increase in ETH volume across all marketplaces. Although the value of Ether remains very wobbly, people still consider NFTs as an alternative investment option. That doesn’t mean non-fungible tokens make for good investments, as they will eventually lose value. However, in uncertain times, they can help…

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