Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

2025-05-21

XRP – Price coil for an outbreak – is the next leg on hands?

2025-05-21

Fartcoin has increased by 10.62% for the past 24 hours

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20
  • Learn

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Blur dominates, OpenSea flips despite declining NFT trading volumes
NFT

Blur dominates, OpenSea flips despite declining NFT trading volumes

2023-05-06No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


NFT


DappRadar, an analytics platform, while analyzing the non-fungible token (NFT) market landscape in April 2023, shows that Blur is the most dominant platform, leading in OpenSea.

Blur converts OpenSea and dominates the NFT marketplace

According to the report, OpenSea, feeling the heat of Blur, launched OpenSea Pro (OS Pro) in early April 2023, a platform aimed at professional traders.

OS Pro aims for large-scale trading with a temporary marketplace fee of zero percent and a minimum maker royalty of 0.5 percent.

However, despite these efforts, OpenSea’s trading volumes fell by 28%, dropping its dominance to 21.93% in April.

Meanwhile, Blur has maintained its position as the dominant player in the NFT market, with a market share of 65.94%. It is despite trading volumes down 33.19%, a reduction of $826 million.

The report highlights that Blur’s continued success can be attributed to its innovative approach, including the recent introduction of Blend. It is a peer-to-peer (P2P) perpetual lending protocol co-developed with Paradigm, a leading venture capital firm.

The research further demonstrates that Blend has generated substantial interest within the NFT community. DappRadar reveals that just one day after launch, Blur enabled 8,820 ETH loans via the Blend protocol, equivalent to approximately $16.37 million.

The perpetual loan protocol allows NFT collectors to fund their purchases without relying on oracles or expiration dates. In addition, Blend’s market participants enjoy numb trades with the flexibility to use NFTs as collateral.

You might also like: Sotheby’s announces the launch of an NFT marketplace

Competitive NFT landscape

While Blur’s Blend has emerged as a popular NFT lending protocol, competing platforms have also increased their user base, increasing the total value locked (TVL).

See also  Tom Brady NFT sold for $40,000, but marketplaces are victims of scams

For example, BendDAO, a P2P NFT liquidity platform, has grown its TVL to $227 million from the start of the year.

Another notable player in the market is NFTfi, a P2P lending marketplace that uses NFTs as collateral.

The report highlights that NFTfi’s TVL had risen to $28 million by the end of April, a 180% increase from January 2023.

Sudoswap, despite its relatively lower TVL of $4.6 million, also made a profit. The platform offers P2P trading and liquidity mining.

The struggle for supremacy

As the battle for NFT market dominance between Blur and OpenSea intensifies, these breakthrough innovations, such as Blend and OpenSea Pro, challenge the existing landscape and redefine the user experience within NFT platforms.

With new developments on the horizon, the report concludes that the ultimate winner in this high-stakes battle remains uncertain.

1/ 🚀 NFT+DeFi isn’t new, but Blend by @blur_io has sparked discussions.

Blend functions
🔹Perpetual loans with NFT collateral
🔹 no oracles
🔹Dutch auctions for refinancing.

Statistics
🔹390 unique borrowers
🔹+11k $ETH lent

User feedback and future trends?
Dive in! 🧵👇 pic.twitter.com/2nOXwabxy7

— DappRadar (@DappRadar) May 3, 2023

The report suggests that the battle for NFT market supremacy revolves not only around Blur and OpenSea, but also the wider competitive landscape. With each platform meeting specific user preferences, the NFT marketplace diversifies options for market participants.

1/ 🚀 NFT+DeFi isn’t new, but Blend by @blur_io has sparked discussions.

Blend functions
🔹Perpetual loans with NFT collateral
🔹 no oracles
🔹Dutch auctions for refinancing.

Statistics
🔹390 unique borrowers
🔹+11k $ETH lent

User feedback and future trends?
Dive in! 🧵👇 pic.twitter.com/2nOXwabxy7

— DappRadar (@DappRadar) May 3, 2023

As the NFT marketplace evolves, industry experts anticipate further developments and disruptive developments in the coming months.

See also  Keyrock Trading joins Pyth Network as new data provider

The report suggests that trading volumes will determine the battle for NFT market dominance. Nevertheless, the ability of platforms to adapt to changing user needs, introduce advanced technologies and foster a thriving community will be a factor to consider.

Ultimately, the outcome of the competition between Blur and OpenSea remains uncertain.

However, the report concludes that the emergence of strong contenders such as Blur and the increasing popularity of innovative lending protocols such as Blend represent a broader shift within the NFT market. The industry is witnessing a transformation where platforms are not just trading hubs, but extended ecosystems that offer various financial services and unique experiences to NFT enthusiasts.

Read more: Former OpenSea executive convicted of insider trading involving NFTs




Source link

Blur declining Dominates flips NFT OpenSea Trading Volumes
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Guild of Guardians leads with a huge volume of $ 796.62k

2025-05-20

Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

2025-05-19

The most popular collections of the moment on blockchain

2025-05-18

Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

2025-05-17
Add A Comment
Leave A Reply Cancel Reply

Top Posts

MetaMafia partners with Orbler to improve NFT experience

2024-09-06

Codexfield bundles forces with LoveBit to stimulate ESG Innovation in Web3 & Crypto

2025-05-14

The Nigerian government formally approves the use of blockchain

2023-05-04
Editors Picks

Coinbase explores blockchain partnership with Safaricom in Kenya

2024-11-27

Where are we in this Bitcoin cycle? Answers from Galaxy Lead experts

2024-02-29

Crypto Analyst Says XRP Looks ‘Fantastic’ and Sees Potential for Bigger Upside for the Large-Cap Altcoin

2024-11-26

Ethereum Bulls Face a Crucial Test: Will $1,550 Withstand the Pressure?

2023-10-12
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

XRP – Price coil for an outbreak – is the next leg on hands?

Fartcoin has increased by 10.62% for the past 24 hours

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$109,053.463.47%
  • ethereumEthereum(ETH)$2,568.963.41%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.402.48%
  • binancecoinBNB(BNB)$664.262.99%
  • solanaSolana(SOL)$172.323.36%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2319825.08%
  • cardanoCardano(ADA)$0.774.54%
  • tronTRON(TRX)$0.2725590.55%
  • suiSui(SUI)$3.972.69%
  • chainlinkChainlink(LINK)$16.133.73%
  • avalanche-2Avalanche(AVAX)$23.254.89%
  • hyperliquidHyperliquid(HYPE)$27.686.15%
  • stellarStellar(XLM)$0.2934813.87%
  • shiba-inuShiba Inu(SHIB)$0.0000153.22%
  • hedera-hashgraphHedera(HBAR)$0.1989292.41%
  • unus-sed-leoUNUS SED LEO(LEO)$8.810.60%
  • bitcoin-cashBitcoin Cash(BCH)$407.375.27%
  • the-open-networkToncoin(TON)$3.091.56%
  • polkadotPolkadot(DOT)$4.763.45%
  • litecoinLitecoin(LTC)$96.712.94%
  • moneroMonero(XMR)$365.724.66%
  • bitget-tokenBitget Token(BGB)$5.242.16%
  • pepePepe(PEPE)$0.0000148.20%
  • piPi(PI)$0.8110.04%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.339.27%
  • aaveAave(AAVE)$254.65-3.42%
  • bittensorBittensor(TAO)$427.403.03%
  • nearNEAR Protocol(NEAR)$2.885.75%
  • aptosAptos(APT)$5.273.42%
  • okbOKB(OKB)$52.381.04%
  • ondo-financeOndo(ONDO)$0.984.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.8811.75%
  • kaspaKaspa(KAS)$0.1130824.08%
  • ethereum-classicEthereum Classic(ETC)$18.954.67%
  • internet-computerInternet Computer(ICP)$5.384.53%
  • gatechain-tokenGateToken(GT)$21.741.75%
  • crypto-com-chainCronos(CRO)$0.0978712.18%
  • mantleMantle(MNT)$0.74-0.51%
  • vechainVeChain(VET)$0.0289204.49%
  • render-tokenRender(RENDER)$4.774.14%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2366732.62%
  • ethenaEthena(ENA)$0.4006907.77%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4043764.28%
  • algorandAlgorand(ALGO)$0.2285183.95%
  • filecoinFilecoin(FIL)$2.923.35%
  • bitcoinBitcoin(BTC)$109,053.463.47%
  • ethereumEthereum(ETH)$2,568.963.41%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.402.48%
  • binancecoinBNB(BNB)$664.262.99%
  • solanaSolana(SOL)$172.323.36%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2319825.08%
  • cardanoCardano(ADA)$0.774.54%
  • tronTRON(TRX)$0.2725590.55%
  • suiSui(SUI)$3.972.69%
  • chainlinkChainlink(LINK)$16.133.73%
  • avalanche-2Avalanche(AVAX)$23.254.89%
  • hyperliquidHyperliquid(HYPE)$27.686.15%
  • stellarStellar(XLM)$0.2934813.87%
  • shiba-inuShiba Inu(SHIB)$0.0000153.22%
  • hedera-hashgraphHedera(HBAR)$0.1989292.41%
  • unus-sed-leoUNUS SED LEO(LEO)$8.810.60%
  • bitcoin-cashBitcoin Cash(BCH)$407.375.27%
  • the-open-networkToncoin(TON)$3.091.56%
  • polkadotPolkadot(DOT)$4.763.45%
  • litecoinLitecoin(LTC)$96.712.94%
  • moneroMonero(XMR)$365.724.66%
  • bitget-tokenBitget Token(BGB)$5.242.16%
  • pepePepe(PEPE)$0.0000148.20%
  • piPi(PI)$0.8110.04%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • uniswapUniswap(UNI)$6.339.27%
  • aaveAave(AAVE)$254.65-3.42%
  • bittensorBittensor(TAO)$427.403.03%
  • nearNEAR Protocol(NEAR)$2.885.75%
  • aptosAptos(APT)$5.273.42%
  • okbOKB(OKB)$52.381.04%
  • ondo-financeOndo(ONDO)$0.984.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.8811.75%
  • kaspaKaspa(KAS)$0.1130824.08%
  • ethereum-classicEthereum Classic(ETC)$18.954.67%
  • internet-computerInternet Computer(ICP)$5.384.53%
  • gatechain-tokenGateToken(GT)$21.741.75%
  • crypto-com-chainCronos(CRO)$0.0978712.18%
  • mantleMantle(MNT)$0.74-0.51%
  • vechainVeChain(VET)$0.0289204.49%
  • render-tokenRender(RENDER)$4.774.14%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2366732.62%
  • ethenaEthena(ENA)$0.4006907.77%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • arbitrumArbitrum(ARB)$0.4043764.28%
  • algorandAlgorand(ALGO)$0.2285183.95%
  • filecoinFilecoin(FIL)$2.923.35%