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chris_htm
@Cj_Blockchain
Former #Investment banker | 5 years #Bitcoin Holder | Blockchain Industry Researcher | Co-builder of @MeebitsAlpha | Twitter:@nanbeiblock
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How much is the Blur airdrop worth? NFT Exchange Valuation Analysis
How much is the Blur airdrop worth? NFT Exchange Valuation Analysis
TL;DR
The market shares of Opensea, Blur, X2Y2, and Looksrare are 36.77%, 28.05%, 24.35%, and 7.42% respectively
But the real share after excluding Wash Trading is about 59.1%, 19.5%, 13.2% and 2.9%
Among the currently listed exchanges, X2Y2 is undervalued and Looks is overvalued
Blur's FDV valuation range is about: 382 million - 458 million US dollars
Foreword
Blur will launch platform tokens on February 14th, when every
TL;DR
The market shares of Opensea, Blur, X2Y2, and Looksrare are 36.77%, 28.05%, 24.35%, and 7.42% respectively
But the real share after excluding Wash Trading is about 59.1%, 19.5%, 13.2% and 2.9%
Among the currently listed exchanges, X2Y2 is undervalued and Looks is overvalued
Blur's FDV valuation range is about: 382 million - 458 million US dollars
Foreword
Blur will launch platform tokens on February 14th, when every
See original
Overview of the NFT exchange industry—What is the core competitiveness of NFT exchanges?
1. Competitive landscape of NFT exchanges
(1) Rapidly growing NFT market
As of June 30, 2022, the cumulative transaction volume of the NFT industry has reached US$67.818 billion, and approximately more than 50,000 NFT traders participate in transactions on the chain every day. The figure of $67.818 billion may not seem like much, but what if you were told that a year ago this figure was only $1.3 billion? In just one year, the cumulative transaction volume of NFT has increased nearly 50 times.
(Data source: cryptoslam.io)
(2) Three stages of NFT exchange competition
(1) Rapidly growing NFT market
As of June 30, 2022, the cumulative transaction volume of the NFT industry has reached US$67.818 billion, and approximately more than 50,000 NFT traders participate in transactions on the chain every day. The figure of $67.818 billion may not seem like much, but what if you were told that a year ago this figure was only $1.3 billion? In just one year, the cumulative transaction volume of NFT has increased nearly 50 times.
(Data source: cryptoslam.io)
(2) Three stages of NFT exchange competition
Why X2Y2 is undervalued
1. Introduction of X2Y2
X2Y2 is a semi-decentralized NFT exchange platform established in Feb 2022. Daily trading volume has already reached 25M USD four months after its launch and has around $4.5M volume after deduction of wash trading. The platform’s token, which shares the same name as X2Y2, has a market capitalization of $3.425M and an FDV of $28.5M. The most iconic property of X2Y2 tokenomics is that the token holders share the platform's 100% profit (transaction fee). Despite the project
X2Y2 is a semi-decentralized NFT exchange platform established in Feb 2022. Daily trading volume has already reached 25M USD four months after its launch and has around $4.5M volume after deduction of wash trading. The platform’s token, which shares the same name as X2Y2, has a market capitalization of $3.425M and an FDV of $28.5M. The most iconic property of X2Y2 tokenomics is that the token holders share the platform's 100% profit (transaction fee). Despite the project