BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

While the non-fungible token marketplace Blur has captured a important magnitude of the marketplace stock successful presumption of NFT sales, the market’s autochthonal token, BLUR, mislaid much than 28% successful worth past month. At present, BLUR tokens are down much than 88% since the crypto asset’s all-time precocious recorded connected February 14, 2023.

Blur’s Native Token Slides 28% Against the Greenback successful 30 Days

The NFT marketplace Blur has captured a bulk of the NFT income implicit the past month, according to metrics from dappradar.com. Additionally, according to data from Dune Analytics, Blur’s marketplace stock successful presumption of measurement implicit the past week was 71%.

The Dune Analytics dashboard, created by @hildobby, shows that implicit the past week, Blur accounted for 42% of trades, portion the NFT marketplace Opensea accounted for 48.3%. In presumption of trader number this past week, Opensea outpaced Blur, with implicit 89,000 traders compared to Blur’s 39,000.

While the marketplace has been competitive, Blur’s autochthonal token, BLUR, suffered this past period compared to astir crypto assets. For instance, portion ETH roseate 8.5% higher and BTC roseate by 19.8% successful March, BLUR dropped 28% against the U.S. dollar.

Currently, BLUR holds the 161st largest marketplace capitalization, with a circulating proviso of 426.84 cardinal BLUR tokens. As of Sunday, April 2, 2023, BLUR’s marketplace valuation is $248 million.

Over the past 24 hours, BLUR has seen $75.59 cardinal successful planetary trading volume, with Okx being the astir progressive BLUR speech today. Statistics further bespeak that 42,509 unsocial addresses clasp BLUR tokens, and astir 94.42% of each BLUR created is held successful 10 wallets.

Rich database data from coincarp.com shows that 100 BLUR holders power 98.10% of the full supply, with the apical code being the BLUR contract deployer. Meanwhile, BLUR reached an all-time precocious against the U.S. dollar connected February 14, 2023, astatine $5.02 per unit. At existent prices of $0.579 per BLUR, the token has dropped much than 88% since then.

What bash you deliberation the aboriginal holds for the BLUR token and the NFT marketplace arsenic a whole, fixed the existent trends and statistics? Share your thoughts astir this taxable successful the comments conception below.

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