Blur Dominates NFT Sales In March
According to data from DappRadar, the NFT market exploded in February, surpassing $2 billion in total trading volume—a 117% rise from the prior month. And the numbers only revealed a modest decline to under $2 billion in March, almost maintaining the momentum.
According to market-wide data from DappRadar and additional on-chain data from Dune, trading volume in March was slightly over $1.95 billion, down roughly 4% from the $2.04 billion total in February.
With almost $1.35 billion in Ethereum NFT trades, up marginally from roughly $1.32 billion in February, Blur once again accounted for the great majority of that trading activity. Blur trading activity surged in mid-February when the marketplace launched its BLUR reward token, which has incentivized mass flipping from “whale” traders—that is, traders who hold large positions in a given collection and act as so-called market makers.
(With inputs from Shikha Singh)
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