Try Quests to earn SOLIntroduction
NFTs, or non-fungible tokens, amassed over $24 billion collectively from sales in 2021. NFT collections such as CryptoPunks and Bored Ape Yacht Club (BAYC) went viral, and many crypto enthusiasts bought NFT art aligned with their digital identities.
One NFT marketplace that took off in early 2021 was OpenSea, which recorded an all-time high trading volume of nearly $5 billion in January 2022. Although OpenSea currently dominates the NFT space, a platform called LooksRare has gained tremendous hype on social media platforms and is positioning itself to be quite the competitor with attractive features for users and a daily volume exceeding $394 million. Here’s a deep dive into Blur.
What Is Blur?
A new NFT marketplace is making waves on Ethereum.
Blur is a community-driven NFT marketplace and aggregator designed with pro traders in mind. It introduces many new features and quality-of-life updates over other leading marketplaces, making the NFT trading experience more streamlined and intuitive.
The platform aggregates NFT listings from leading marketplaces like OpenSea, LooksRare, and Blur, while also allowing users to list their assets natively on Blur. Unlike many other NFT marketplaces that charge a commission on trades, Blur maintains 0% fees for selling NFTs.
The marketplace was first announced in March 2022 and attracted a strong social following by encouraging those who found out about the in-development platform to refer friends to a waitlist. Those with the most referrals and a few select community members were given access to test Blur in closed beta before it launched to the public on October 19.
Crypto Briefing took a look at Blur to see if the latest development in the world of NFT trading has been worth the wait. We’ve judged it in five key areas: ease of use, features, team and backers, tokenomics, and how much traction it has generated so far. Here’s what we thought.
Source:
Findings
In this section, we see the number of NFTs sold from each collection on a daily basis. We see information such as the number and volume of sales of each collection and the number of buyers and sellers of each collection on a daily basis in 4 separate charts.
In the chart of daily sales numbers, it can be seen that from November 15 to November 27, 2022, the buying and selling of NFT is better than other days. In the chart, we see the beginning of the decrease in the number of sales from the November 6. The reasons for this decrease in sales can be considered the important news of the FTX Collapse.
The highest number of daily sales is related to "Mutant Ape Yacht Club" collection. this collection has sold 59 NFTs on November 26, 2022. The largest volume of daily sales is related to "Bored Ape Yacht Club" Collection. The "Bored Ape Yacht Club" collection is ahead of other collections with a sales volume of 22.7 million dollars on November 26, 2022.
Findings
In this section, we see NFT collections that are bought and sold on the Blur Marketplace. "Mutant Ape Yacht Club" collection is the most popular NFT collection on the Blur marketplace. This collection have sold 734 NFTs worth over $23.4 million by 670 sellers to 644 buyers. "Mutant Ape Yacht Club" Collection has attracted 45.9% of buyers and 46.6% of sellers.
In the charts, we can see that "Bored Ape Yacht Club" Collection is in the second place in terms of sales volume with the sale of 266 NFTs worth 22.6 million dollars by 220 sellers to 232 buyers. More than 11% of the number of NFTs sold is related to "Doodles" collection. 177 sellers and 166 buyers have chosen "Doodles" Collection.
"Moonbirds" Collection have sold 230 NFTs worth over $2,620,000 by 232 sellers to 215 buyers. This collection is also one of the most effective collections in attracting sellers and buyers to the Blur Marketplace. "Doodles" and "Farm Land" collections have 11.3% and 7.24% of the number of NFTs sold in the Blur market, respectively, and are in the fourth and fifth place among popular collections.
Findings
In this section, we compare Blur Marketplace with other NFT marketplaces on the Ethereum blockchain. From the charts in this section, information such as the number and volume of sales, the number of buyers and sellers, the number of collections and NFTs of each collection and the average price of NFTs in different markets can be seen.
With the sale of 17.05 million NFTs worth $1.9 billion, the Opensea platform is in first place in terms of the number of NFT purchases and sales. The Blur platform is in the fourth place in terms of the number of purchases and sales with the sale of 173.3 thousand NFTs worth more than 195.7 million dollars. After the LooksRare platform, the LooksRare platform has the highest volume of NFT sales. In terms of the number of buyers and sellers, the LooksRare platform is after Opensea and x2y2. LooksRare platform has 7635 collections with 38 thousand NFTs. Therefore, in terms of the number of collections, it is after Opensea and x2y2 platforms.
Findings
In this section, we see information including the number and volume of sales, the number of buyers and sellers, and the average price of each NFT based on the collections of each marketplace.
The largest number of buying and selling collections is related to the Opensea platform. Raribles, Art Blocks, Mutant Ape Yacht Club, and Bored Ape Yacht Club collections are the leaders in terms of the number and volume of purchases and sales on the Opensea platform. The number of purchases and sales of Mutant Ape Yacht Club, Bored Ape Yacht Club and Moonbirds collections in Blur is less than in Opensea. The number of buyers and sellers of the collections mentioned in the platforms Opensea and x2y2 are more than that of Blur.
Methodology
In this dashboard, we use the ethereum nft tables available in the flipside ethereum database to analyze the Blur Marketplace.
First, we will take a look at the NFT buying and selling situation in the Ethereum blockchain. Then we will examine the Blur marketplace from different aspects.
Technical:
> Eteherum Tables: > ethereum.core.ez_nft_sales > ethereum.core.dim_nft_metadata > > Solana Tables: > > solana.fact_swaps > > solana.core.fact_nft_sales > > Date Filter: > > block_timestamp::date >= 2022-01-01
Metrics:
Overview of NFT Market on Ethereum
- Total Number of NFT Sales [Ethereum] - 2022
- Total Volume of NFT Sales [Ethereum] - 2022
- Total Number of NFTs [Ethereum] - 2022
- Total Number of NFT Buyers [Ethereum] - 2022
- Total Number of NFT Sellers [Ethereum] - 2022
- Total Number of NFT Marketplaces [Ethereum] - 2022
- Total Number of NFT Collections [Ethereum] - 2022
- Average of NFT Price [Ethereum] - 2022
Blur NFT Marketplace - General Statistics
- Total Number of Sales
- Total Number of NFTs
- Total Volume of Sales
- Total Number of Buyers
- Total Number of Sellers
- Total Number of Collections
- Average Price of NFT Sales
Collections Status - Blur NFT Marketplace
- Blur Collections - Number of Sales
- Blur Collections - Volume of Sales [USD]
- Blur Collections - Number of Buyers
- Blur Collections - Number of Sellers
Daily Collections Status - Blur NFT Marketplace
- Daily Number of Sales by Collections
- Daily Number of Buyers by Collections
- Daily Number of Sellers by Collections
- Daily Volume of Sales by Collections
Blur vs Others Marketplace
- Total Number of NFT Sales on Ethereum Marketplaces
- Total Volume of NFT Sales on Ethereum Marketplaces [USD]
- Total Number of NFT Buyers on Ethereum Marketplaces
- Total Number of NFT Sellers on Ethereum Marketplaces
- Total Number of NFTs on Ethereum Marketplaces
- Total Number of NFT Collections on Ethereum Marketplaces
- Average NFT Price on Ethereum Marketplaces [USD]
Blur Collections vs Others Marketplace Collections
- Total Number of NFT Sales on Ethereum by Collection
- Total Volume of NFT Sales on Ethereum by Collection
- Total Number of NFT Sellers on Ethereum by Collection
- Total Number of NFT Buyers on Ethereum by Collection
- Average Price of NFTs on Ethereum by Collection
Ethereum Blur vs Solana Magic Eden
- Blur vs Magic Eden - Total Number of NFT Sales - Last 3 Months
- Blur vs Magic Eden - Total Volume of NFT Sales [USD] - Last 3 Months
- Blur vs Magic Eden - Total Number of NFT Buyers - Last 3 Months
- Blur vs Magic Eden - Total Number of NFT Sellers - Last 3 Months
Conclusion
In this dashboard, we have examined the Blur market from different aspects. We compared the number and volume of sales, the number of buyers and sellers, the number of collections and NFTs, and the average price of each NFT with competing platforms. We saw that in terms of the number of purchases and sales, the biggest competitors of Blur are Opensea, x2y2 and LooksRare platforms. In terms of sales volume, the LooksRare platform is Blur's biggest competitor.
Some of the important points we reviewed in this dashboard:
- Total Number of Sales: 173k
- Total Number of NFTs: 28.3k
- Total Volume of Sales: $207M
- Total Number of Buyers: 48.9k
- Total Number of Sellers: 59.9k
- Total Number of Collections: 3230
- Average Price of NFT Sales: $58.8
- "Mutant Ape Yacht Club" collection is the most popular NFT collection on the Blur marketplace. This collection have sold 734 NFTs worth over $23 million by 670 sellers to 644 buyers. "Mutant Ape Yacht Club" Collection has attracted 32% of buyers and 31% of sellers.
- The highest number of daily sales is related to "Mutant Ape Yacht Club" collection. this collection has sold 59 NFTs on November 26, 2022.
- With the sale of 15.29 million NFTs worth $1.9 billion, the Opensea platform is in first place in terms of the number of NFT purchases and sales.
- Blur platform has 3230 collections with 28.3 thousand NFTs. Therefore, in terms of the number of collections, it is after Opensea and x2y2 platforms.
