• Blur has seen exponential growth in trading volume and royalties, prompting a change in OpenSea’s marketplace policies.
• The launch of the BLUR token saw its daily trading volume quadruple.
• With all the right boxes ticking, the focus shifts to the price of the newly launched BLUR token, which jumped 21% to be valued at $1.35 per CoinMarketCap.
Blur’s Phenomenal Growth
Blur [BLUR] has become the talk of the town with its phenomenal growth over the last few months. According to Blur’s financial statement released by Token Terminal, the total trading volume for the month of February has hit $415 million, marking a 150% jump from November. Additionally, royalties paid on the marketplace saw a meteoric rise as well with total fees paid in February soaring to $3.24 million – a 20% jump over previous month and a 326% rise from November.
Launch of BLUR Token
The launch of BLUR token earlier this week added strength to its performance as users were allowed to redeem their care packages for Blur’s native token. According to data from Dune Analytics, a total of 360 million tokens have been airdropped and 93% of them have been claimed at press time. Blur’s daily trading volume quadrupled after launch and its market share stayed above 70%, comfortably surpassing market leader OpenSea.
OpenSea Changes Policies
In face of stiff competition from Blur, OpenSea had to introduce sweeping changes to its marketplace policy including doing away with 2.5% service fee on every transaction taking place on its platform. This move was seen as an attempt by OpenSea to remain competitive against Blur’s zero-fee model that incentivized traders through ‘Care Packages’ containing BLUR tokens instead.
Price Of Newly Launched BLUR Token
With all key indicators pointing towards further growth for Blur, attention turns towards price performance of newly launched BLUR token – currently valued at $1.35 per CoinMarketCap after jumping 21%. If market trends continue, token holders can expect rapid gains in coming weeks as well!
BLUR Profit Calculator
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