{"id":3977,"date":"2023-02-20T14:27:22","date_gmt":"2023-02-20T14:27:22","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/20\/blur-overtakes-opensea-and-gas-fees-soar\/"},"modified":"2023-02-20T14:27:22","modified_gmt":"2023-02-20T14:27:22","slug":"blur-overtakes-opensea-and-gas-fees-soar","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/20\/blur-overtakes-opensea-and-gas-fees-soar\/","title":{"rendered":"Blur Overtakes OpenSea and Gas Fees Soar"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">In a significant milestone for Blur, the newbie NFT marketplace has overtaken <a href=\"https:\/\/nftevening.com\/what-is-opensea-a-guide-to-the-most-popular-nft-marketplace\/\" target=\"_blank\" rel=\"noopener\">OpenSea<\/a> in daily NFT trading volume. Blur\u2019s daily trade volume hit 6,602 ETH on Wednesday, February 15, crossing OpenSea\u2019s 5,649 ETH for the first time ever. Moreover, Ethereum gas fees are also soaring due to the increasing trade activity. Reportedly, Blur has now surpassed UniSwap and Seaport to become the top \u201cGas guzzler\u201d on Ethereum.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s all you need to know about Blur overtaking OpenSea:<\/span><\/p>\n<figure id=\"attachment_96932\" aria-describedby=\"caption-attachment-96932\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-96932\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/blur-scaled.webp\" alt=\"Blur NFT marketplace neon orange logo\" width=\"1200\" height=\"675\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/blur-scaled.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/blur-300x169.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/blur-1024x576.webp 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/blur-768x432.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/blur-100x56.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/blur-150x84.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/blur-450x253.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><\/noscript><figcaption id=\"caption-attachment-96932\" class=\"wp-caption-text\">Blur has hit a new milestone!<\/figcaption><\/figure>\n<h2><span id=\"Blur_Overtakes_OpenSea_What_happened\"><b>Blur Overtakes OpenSea: What happened?<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A recent report by the data analytics platform <\/span><a href=\"http:\/\/nansen.ai\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Nansen.ai<\/span><\/a><span style=\"font-weight: 400;\"> found that Blur overtook OpenSea in daily trading volume for the first time on Wednesday. Interestingly, another analytics platform, Dune, reported a much higher difference in trading volumes between the two. According to a <\/span><a href=\"https:\/\/dune.com\/sealaunch\/blur-vs-opensea\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Dune dashboard<\/span><\/a><span style=\"font-weight: 400;\"> by <\/span><span style=\"font-weight: 400;\">sealaunch.xyz<\/span><span style=\"font-weight: 400;\">, Blur and OpenSea\u2019s daily trading volume hit 30,410 ETH and 7,232 ETH, respectively.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, while the trades significantly decreased, Blur continues dominating the market with 20,428 ETH. Meanwhile, OpenSea is only at 4,369 ETH.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reportedly, <\/span><a href=\"https:\/\/nftevening.com\/blur-nft-marketplace-to-be-valued-at-1-billion-usd\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Blur is currently valued at $1 billion<\/span><\/a><span style=\"font-weight: 400;\">. The marketplace\u2019s daily trading volume grew almost 4X after it released its native token, further cementing it as a strong OpenSea competitor. Furthermore, last week, Blur released a blog post asking its users to block sales of their NFTs on OpenSea. The move came as a pushback to OpenSea\u2019s earlier decision to ban NFT marketplaces that offer optional royalties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, Blur has surpassed Uniswap and Seaport to be the top Ethereum gas guzzler (accounts that consume a lot of Gas). This is natural given how NFT trading has significantly gone up on the marketplace. And the more active the network, the higher its transaction fees.\u00a0<\/span><\/p>\n<figure id=\"attachment_96935\" aria-describedby=\"caption-attachment-96935\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><picture decoding=\"async\" class=\"size-full wp-image-96935\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-scaled.jpg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-300x109.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-768x280.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-154x56.jpg.webp 154w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-150x55.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-450x164.jpg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20437'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20437'%3E%3C\/svg%3E\" alt=\"Blur etherscan gas data\" width=\"1200\" height=\"437\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-scaled.jpg 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-300x109.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-1024x373.jpg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-768x280.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-154x56.jpg 154w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-150x55.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-450x164.jpg 450w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-scaled.jpg\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"size-full wp-image-96935\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-scaled.jpg.webp 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-300x109.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-768x280.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-154x56.jpg.webp 154w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-150x55.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-450x164.jpg.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-scaled.jpg\" alt=\"Blur etherscan gas data\" width=\"1200\" height=\"437\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-scaled.jpg 1200w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-300x109.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-1024x373.jpg 1024w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-768x280.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-154x56.jpg 154w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-150x55.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/gas-450x164.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><figcaption id=\"caption-attachment-96935\" class=\"wp-caption-text\">Blur is now the top gas guzzler. Credit: Etherscan<\/figcaption><\/figure>\n<h2><span id=\"Why_is_Blur_popular\"><b>Why is Blur popular?<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Firstly, Blur is funded by some of the who\u2019s who of the Web3 space, including Paradigm, Coinbase Ventures &amp; E-GIRL Capital. Then, it offers users some attractive perks such as no trading fees. On February 15, it dropped its native token, BLUR, rewarding its most active users with token airdrops. Needless to say, the airdrop was a tremendous success, resulting in Blur\u2019s trading volumes soaring significantly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All in all, Blur airdropped 360 million BLUR tokens. Currently, it boasts an all-time trading volume of $1.59 billion. According to DappRadar data, the marketplace has also overtaken OpenSea in 7-day ($435.24 million)\u00a0 and 30-day trading volume ($711.83 million).<\/span><\/p>\n<h2><span id=\"OpenSea_vs_Blur_The_feud_explained\"><b>OpenSea vs Blur: The feud explained<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For long, OpenSea has been the biggest NFT marketplace in the space. Then came Blur, a royalty-optional marketplace, with several attractive features. Amid the creator royalty debate that took steam last year, OpenSea made a bold move: to ban NFT marketplaces that offer optional royalties. To explain, to get full royalties on OpenSea, creators have to stop the sale of their NFTs on royalty-optional marketplaces like Blur.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, with a new policy update, Blur hit back at OpenSea. The new policy requires its creators to block their sales on OpenSea to get royalties.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, Blur seems to be making giant leaps. Whether it can maintain the top spot and topple OpenSea in all-time trading volume remains to be seen.\u00a0<\/span><\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts &amp; stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n<div class=\"ml-form-successBody row-success\" style=\"display:none\">\n<div class=\"ml-form-successContent\">\n<h4><span id=\"Thank_you\">Thank you!<\/span><\/h4>\n<p>You have successfully joined our subscriber list.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\" data-lazy-src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\"\/><noscript><img loading=\"lazy\" src=\"https:\/\/track.mailerlite.com\/webforms\/o\/5802138\/c5t4g8?v1668587371\" width=\"1\" height=\"1\" style=\"max-width:1px;max-height:1px;visibility:hidden;padding:0;margin:0;display:block\" alt=\".\" border=\"0\"\/><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftevening.com\/blur-overtakes-opensea-and-gas-fees-soar\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant milestone for Blur, the newbie NFT marketplace has overtaken OpenSea in daily NFT trading volume. Blur\u2019s daily trade volume hit 6,602 ETH on Wednesday, February 15, crossing OpenSea\u2019s 5,649 ETH for the first time ever. Moreover, Ethereum gas fees are also soaring due to the increasing trade activity. Reportedly, Blur has now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/02\/blur-scaled.webp","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/3977"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=3977"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/3977\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/3978"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=3977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=3977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=3977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}