Blur Dominates Ethereum NFT Market with 80% Surge!

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Dec 4, 2023 10:59

The Ethereum NFT market sees a surge in transaction volume, with Blur accounting for 80% of the $34.786 million recorded on December 3. Pudgy Penguins, Azuki, and Milady all see price increases of over 9% and 10%, respectively. OpenSea captures just 18% of total volume, as Blur’s lower fees and user-friendly interface attract traders. Concerns over market manipulation arise due to a lack of transparency regarding Blur’s ownership structure and funding sources. The Ethereum NFT market continues to evolve, with high transaction volumes and price increases indicating a growing appetite for digital collectibles.