{"id":300465,"date":"2023-03-27T06:00:29","date_gmt":"2023-03-27T00:30:29","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=300465"},"modified":"2023-03-26T17:17:30","modified_gmt":"2023-03-26T11:47:30","slug":"analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\/","title":{"rendered":"Analyzing Blur and OpenSea fight for dominance in the NFT landscape"},"content":{"rendered":"<ul>\n<li><em>Blur&#8217;s TVL witnesses a huge spike as interest in the protocol grows.<\/em><\/li>\n<li><em>OpenSea manages to outperform Blur in daily activity.<\/em><\/li>\n<\/ul>\n<p>After Blur entered the NFT space, the prowess of marketplaces such as OpenSea has been <a href=\"http:\/\/ambcrypto.com\/blur-grabs-ethereum-nfts-biggest-share-but-thats-not-the-entire-story\/\" target=\"_blank\" rel=\"noopener\">threatened<\/a> to some extent. By now, it is a well-known fact that the rapid growth of the Blur protocol could pose a threat to OpenSea&#8217;s market dominance.<\/p>\n<p>Additionally, one area where Blur observed massive growth was its TVL. According to a <a href=\"https:\/\/twitter.com\/Delphi_Digital\/status\/1639673507150700546?s=20\" target=\"_blank\" rel=\"noopener\">tweet<\/a> by Delphi Digital, Blur&#8217;s TVL managed to reach an all-time high over the last month.<\/p>\n<figure id=\"attachment_300510\" aria-describedby=\"caption-attachment-300510\" style=\"width: 1921px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAHIPkXwBw19Tu.jpeg\"><img decoding=\"async\" class=\"wp-image-300510 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAHIPkXwBw19Tu.jpeg\" alt=\"\" width=\"1921\" height=\"1081\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAHIPkXwBw19Tu.jpeg 1921w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAHIPkXwBw19Tu-300x169.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAHIPkXwBw19Tu-1024x576.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAHIPkXwBw19Tu-768x432.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAHIPkXwBw19Tu-1536x864.jpeg 1536w\" sizes=\"(max-width: 1921px) 100vw, 1921px\" \/><\/a><figcaption id=\"caption-attachment-300510\" class=\"wp-caption-text\">Source: Delphi Digital<\/figcaption><\/figure>\n<p>However, despite Blur&#8217;s high TVL, OpenSea still managed to have more daily active users on its network, as per the token terminal&#8217;s data. Curiously enough, Blur lagged behind in this area.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">DAUs: OpenSea vs. Blur <a href=\"https:\/\/t.co\/RKgSwPW8w9\">pic.twitter.com\/RKgSwPW8w9<\/a><\/p>\n<p>&mdash; Token Terminal \ud83d\udcca (@tokenterminal) <a href=\"https:\/\/twitter.com\/tokenterminal\/status\/1639583577615609856?ref_src=twsrc%5Etfw\">March 25, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<p>One of the reasons for the same could be the amount of <a href=\"http:\/\/ambcrypto.com\/blurs-blur-future-turns-uncertain-as-concerns-around-wash-trading-surface\/\" target=\"_blank\" rel=\"noopener\">wash trading<\/a> taking place on the Blur network. According to Dune Analytics&#8217; data, 11% of the trading volume on Blur occurred through wash trades.<\/p>\n<figure id=\"attachment_300512\" aria-describedby=\"caption-attachment-300512\" style=\"width: 1318px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAUfRNWcAAq3Cy.jpeg\"><img decoding=\"async\" class=\"wp-image-300512 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAUfRNWcAAq3Cy.jpeg\" alt=\"\" width=\"1318\" height=\"774\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAUfRNWcAAq3Cy.jpeg 1318w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAUfRNWcAAq3Cy-300x176.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAUfRNWcAAq3Cy-1024x601.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/FsAUfRNWcAAq3Cy-768x451.jpeg 768w\" sizes=\"(max-width: 1318px) 100vw, 1318px\" \/><\/a><figcaption id=\"caption-attachment-300512\" class=\"wp-caption-text\">Source: Dune Analytics<\/figcaption><\/figure>\n<p>At press time, OpenSea managed to capture <a href=\"https:\/\/dune.com\/queries\/1933305\/3188926\" target=\"_blank\" rel=\"noopener\">46.1% of all NFT<\/a> trades made in the ecosystem. Blur came in a close second while capturing 42.5% of the overall market.<\/p>\n<p>Despite high competition, both marketplaces exhibited growth in various sectors. Well, a large part of their growth could be attributed to the success and demand of blue chip NFTs such as BAYC and MAYC.<\/p>\n<h3>Of Apes and NFTs<\/h3>\n<p>According to data provided by NFTGO, the average price of the MAYC collection increased by 10.73% over the last three months. Interestingly, there was a surge in volume as well, which went up by a whopping 222.79% in the last 24 hours.<\/p>\n<figure id=\"attachment_300521\" aria-describedby=\"caption-attachment-300521\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-26-at-3.21.33-PM.png\"><img decoding=\"async\" class=\"wp-image-300521 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-26-at-3.21.33-PM.png\" alt=\"\" width=\"2560\" height=\"904\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-26-at-3.21.33-PM.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-26-at-3.21.33-PM-300x106.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-26-at-3.21.33-PM-1024x362.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-26-at-3.21.33-PM-768x271.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-26-at-3.21.33-PM-1536x542.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-26-at-3.21.33-PM-2048x723.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-300521\" class=\"wp-caption-text\">Source: NFTGO<\/figcaption><\/figure>\n<p>Even though the NFT collections did relatively well, the same couldn&#8217;t be said about their native token APE.<\/p>\n<p>Over the last month, the overall price of <a href=\"http:\/\/ambcrypto.com\/why-apecoin-ape-refuses-to-budge-even-as-staking-pool-increases\/\" target=\"_blank\" rel=\"noopener\">APE<\/a> fell significantly, along with its network growth. This implied that new addresses were not interested in the APE token at press time.<\/p>\n<p>The number of daily active addresses transferring APE also fell during this period, indicating a bleak future for the token.<\/p>\n<figure id=\"attachment_300527\" aria-describedby=\"caption-attachment-300527\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/ApeCoin-APE-15.36.43-26-Mar-2023.png\"><img decoding=\"async\" class=\"wp-image-300527 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/ApeCoin-APE-15.36.43-26-Mar-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/ApeCoin-APE-15.36.43-26-Mar-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/ApeCoin-APE-15.36.43-26-Mar-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/ApeCoin-APE-15.36.43-26-Mar-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/ApeCoin-APE-15.36.43-26-Mar-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/ApeCoin-APE-15.36.43-26-Mar-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/ApeCoin-APE-15.36.43-26-Mar-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-300527\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Blur&#8217;s TVL witnesses a huge spike as interest in the protocol grows. OpenSea manages to outperform Blur in daily activity. After Blur entered the NFT space, the prowess of marketplaces such as OpenSea has been threatened to some extent. By now, it is a well-known fact that the rapid growth of the Blur protocol could<a href=\"https:\/\/ambcrypto.com\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\/\">Continue reading <span class=\"sr-only\">&#8220;Analyzing Blur and OpenSea fight for dominance in the NFT landscape&#8221;<\/span><\/a><\/p>\n","protected":false},"author":73,"featured_media":300507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,4029,4,20],"tags":[],"class_list":["post-300465","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-nft","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Analyzing Blur and OpenSea fight for dominance in the NFT landscape - AMBCrypto<\/title>\n<meta name=\"description\" content=\"What does the state of the NFT market look like as Blur and OpenSea fight to compete for top positions in this space.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyzing Blur and OpenSea fight for dominance in the NFT landscape - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Blur&#039;s TVL witnesses a huge spike as interest in the protocol grows. 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After Blur entered the NFT\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-27T00:30:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/AMBCrypto_The_image_shows_two_wrestlers_in_the_ring.The_wrestle_54c4b521-4f78-4e86-8fa4-96747a074e1e-e1679822744768.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Himalay Patel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Himalay Patel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\\\/\"},\"author\":{\"name\":\"Himalay Patel\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/b0716c41c9ecf1a11e1da2fd9a49ba0e\"},\"headline\":\"Analyzing Blur and OpenSea fight for dominance in the NFT landscape\",\"datePublished\":\"2023-03-27T00:30:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\\\/\"},\"wordCount\":393,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/AMBCrypto_The_image_shows_two_wrestlers_in_the_ring.The_wrestle_54c4b521-4f78-4e86-8fa4-96747a074e1e-e1679822744768.png\",\"articleSection\":[\"News\",\"News 1\",\"NFT\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\\\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/analyzing-blur-and-opensea-fight-for-dominance-in-the-nft-landscape\\\/\",\"name\":\"Analyzing Blur and OpenSea fight for dominance in the NFT landscape - 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