In a recent report released by NFT market analysis company NFTgators, it was revealed that the NFT market trading volume reached an astounding 900,000 ETH in March. The report also revealed that Blur’s NFT platform held the lion’s share of the market, with a 69% share.
The data showed that over 2 million NFTs were traded in March, with 601,000 users participating in the market. Apart from Blur, other popular NFT platforms included OpenSea with a 20% share, LooksRare with 3%, and x2Y2 with 2.5%.
What sets Blur apart from its competitors is the average number of sales per user per month, which was found to be 4.9. This figure is more than double that of OpenSea, which had an average of 2.4 sales per user. Furthermore, the average selling price for NFTs on Blur was 0.74 ETH, which is more than three times higher than the average price of 0.23 ETH on OpenSea.
The report also shed light on the growing popularity of Bitcoin Ordinaries NFTs, with over 714,000 being issued in March alone. The network fees for issuing these NFTs exceeded 150 BTC, further highlighting the increasing demand for NFTs in the crypto world.
The NFT market has seen exponential growth in recent months, with various platforms competing for market share. With Blur emerging as a clear leader in the space, it will be interesting to see how other NFT platforms respond to this latest development. As the market continues to evolve, one thing is for certain – NFTs are here to stay.
#Blur #nftcommunity #NFT #Opensea #azcoinnews
This article was republished from azcoinnews.com
