Title:

02/21/2023 00:09 • Tech Ticker • 129 views

It is reported that according to data from DappRadar, Blur has generated 460 million US dollars worth of Ethereum NFT transactions in the past seven days, up 361% month-on-month. At the same time, the trading volume of OpenSea increased by 12% to US $107 million during this period. The third NFT market was X2Y2, and the trading volume was only US $11 million during the same period. In addition, according to CryptoSlam data, Blur has driven the total transaction volume of NFT on the Ethereum chain to increase by 155% in a single week. The NFT project with the largest transaction volume in the past week (the whole market) is the NFT plot in the Yuga Labs Meta Universe game Otherside, which generated about 63 million dollars of transactions, with a year-on-year increase of 318%. （decrypt）

Data: Blur’s trading volume on the Ethereum chain reached 460 million US dollars in the past week, surpassing OpenSea’s ranking of the first in the weekly trading list

Interpret the above information:

Blur Generates a Whopping $460 Million in Ethereum NFT Transactions in One Week

Keywords:

Ethereum, NFT, Transactions

Interpretation:

The non-fungible token (NFT) market has continued to gain momentum in recent weeks, with incredible growth being reported across various platforms. According to data from DappRadar, Blur, an NFT trading platform, recently generated a whopping $460 million in Ethereum NFT transactions over the past seven days alone – an increase of 361% compared to the previous month.

Further analysis shows that the trading volume of OpenSea, another popular NFT trading platform, increased by 12%, reaching a total of $107 million during the same seven-day period. The third most popular NFT market was X2Y2, but it only managed to generate a trading volume of $11 million.

These figures highlight the significant impact that NFTs have been having on the crypto market in recent times. According to CryptoSlam data, Blur’s performance has even helped to drive the overall transaction volume of NFTs on the Ethereum chain to increase by a massive 155% in just one week.

Furthermore, the NFT project with the largest transaction volume across the entire market was the NFT plot in the Yuga Labs Meta Universe game Otherside, which generated about $63 million in transactions. This represents a year-on-year increase of 318%, which is an impressive feat and reinforces the growing popularity of NFTs in the gaming sector.

In conclusion, the NFT market has demonstrated remarkable growth potential in recent weeks, and it is essential for cryptocurrency traders to keep an eye on trends in this area. As the technology continues to gain widespread adoption, more opportunities will emerge, and traders may find innovative ways to profit from the NFT market’s growth.

Overall, this is exciting news for supporters of the NFT market, and it will be fascinating to see how this trend evolves over the coming months and years.

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