Data: Blur’s market share exceeded OpenSea by four times last week
On February 22, according to data from Dune Analytics, the trading volume of Blur market in the past week was nearly $390 million, more than four times that of OpenSea in the same period ($89 million). In addition, the number of orders concluded by Blur last week (285000) was only slightly higher than that of OpenSea (258000), and the number of users of OpenSea last week (136000) was still significantly higher than that of Blur (83000).
Interpretation of this information:
The message states that for the week of February 22, Blur market had a trading volume of nearly $390 million, which is more than four times the trading volume of OpenSea, which was $89 million during the same period. However, while Blur’s trading volume was higher, the number of orders concluded by Blur was only slightly higher than OpenSea. Additionally, the number of users on OpenSea was significantly higher than Blur.
The data from Dune Analytics shows that Blur is gaining more traction in terms of trading volume compared to the more established marketplace, OpenSea. This can be attributed to several factors, such as the incentives or rewards programs offered by Blur to its users, the types of assets available for trading on the platform, and the user interface and experience. However, it is important to note that despite having a higher trading volume, Blur still has fewer users and a slightly higher number of orders than OpenSea.
It is possible that as Blur gains more popularity, more users may migrate to the platform, contributing to a larger number of orders and users in the future. Additionally, OpenSea may respond by improving its services to remain competitive and retain its users.
In summary, the three keywords for this message are:
1. Trading volume – The amount of assets traded on a platform during a specific period. This is an important metric that reflects the popularity and liquidity of the marketplace.
2. Orders concluded – The number of completed transactions on a platform. This indicates how active the marketplace is and how easy it is to find buyers and sellers for specific assets.
3. Users – The number of people registered on a platform. This is a crucial metric that reflects how many people are interested in using the platform and its services.
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