Data: In the past week, 13600 wallet addresses cancelled the listing on OpenSea
According to Dune data, due to Blur’s loyalty plan, 13600 wallet addresses have cancelled their listing on OpenSea in the past week, which is 5-6 times the previous average.
Interpretation of this information:
The message highlights the negative impact of Blur’s loyalty plan on OpenSea’s wallet addresses. According to Dune data, 13600 wallet addresses have cancelled their listing on the site in the past week. This is a significant increase of 5-6 times the previous average, indicating that the loyalty plan has not been well-received by OpenSea’s users.
It is unclear why exactly Blur’s loyalty plan has caused such a dramatic reaction from wallet addresses. However, it is possible that users feel the plan is not worth participating in, or that it creates unnecessary restrictions on their use of OpenSea. Additionally, there may be concerns about how the plan could affect the overall value of OpenSea’s services or the cryptocurrency market as a whole.
Regardless of the specific reasons behind it, the surge in wallet address cancellations is a concerning trend for OpenSea. The company will need to evaluate the situation and determine the best course of action to retain its user base and rebuild trust.
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