Blur Exits the Scene After Dominating Ethereum NFT Trading
Photo: Cointribune
Blur, long the leading NFT marketplace on Ethereum, announced on Monday the closure of its site for November 12. Monthly volumes dropped from about $1.43 billion at the peak in March 2023 to less than $7 million today, without the platform ever charging fees. Launched in 2022, Blur quickly attracted NFT traders thanks to three features: fast transactions, no fees, and token rewards. This strategy enabled it to surpass OpenSea and capture nearly 70% of NFT trades on Ethereum in March 2023, with $1.43 billion monthly volume. Since then, the trend has reversed.
Source: Cointribune
