While the drums of new NFT hype are beating, a newbie in the NFT marketplace, BLUR has taken over the goliath NFT platform, OpenSea in the weekly trading volume due to its zero-fee model.
According to the data presented on DappRadar, BLUR’s weekly trading volume skyrocketed to $515.37M with around a 436% jump, while Opesea fell to second place in the leaderboard with a $322.86M trading volume, a 238% hike compared to the previous weekly span.
The data from CryptoSlam shows that the Ethereum blockchain’s NFT trading volume reached $596,310,359 with an over 186% spike.
After the continuous turmoil in digital assets, the market is now indicating a recovery phase. In the last few weeks, major cryptocurrencies such as Bitcoin, and Ethereum are gradually recovering. Among this, the hike in the NFT trading volume shows signs of its increasing hype.
Notably, the increase in the trading volume on BLUR was expected as it recently rolled out a most awaited airdrop of its $BLUR tokens along with a new royalties model for creators. BLUR has declared war with OpenSea by asking its creators to filter out OpenSea to enable full royalties.