On February 15, NFT marketplace Blur surpassed OpenSea for the first time in daily trading volume, according to data analytics platform Nansen. The competition between the two marketplaces has reached a new level following Blur’s release of its native token the day before.
Blur’s trading volume was 6602 ETH on the 15th, while OpenSea’s trading volume was 5649 ETH.
Blur’s surge in trading volume is also due to Blur’s blog recommending blocking OpenSea listings in order to get full royalties. NFT creators are currently prohibited from earning royalties on Blur and OpenSea at the same time.
OpenSea still tops
As of the 15th, Blur surpassed OpenSea in terms of daily trading volume, but still falls short of it on a weekly basis.
OpenSea’s weekly trading volume is several times that of Blur. In the most recent week, according to Nansen, OpenSea had a weekly trading volume of 36,608 ETH, while Blur had 11,424 ETH.
Other key metrics include OpenSea’s sales and wallet numbers surpassing Blur’s.
From February 7th to February 14th, both OpenSea’s sales and wallet numbers averaged about eight times more than Blur’s.
However, the gap has narrowed and reached its smallest on the 15th. On the 15th, OpenSea sold 19,908 and Blur 12,185.
A similar trend can be seen in the number of wallets. OpenSea has just twice as many wallets as Blur, suggesting the competition between the number one and number two marketplaces is closing.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Original: Blur Surpassed OpenSea in Daily NFT Trading Volume Wednesday, Nansen Shows