In the past week, the market share of Blur trading volume exceeded 77% and the number of transactions exceeded 50%

It is reported that according to the data compiled by user @ hildoby in Dune, the market share of Blur transactions in the NFT market in the past week exceeded 77%, with a total transaction amount of about 390 million US dollars, accounting for more than 50% of the total number of transactions, totaling 275479. In contrast, OpenSea accounted for 16.7% and 40.8% respectively. However, in terms of the number of trading addresses, the number of OpenSea is much higher than that of Blur.

Interpretation of this information:

The message reports the market share of Blur transactions in the NFT market over the past week, which amounted to over 77%. The total transaction amount for Blur was around $390 million, which accounted for over 50% of the total number of transactions during the period. In comparison, OpenSea accounted for 16.7% and 40.8% of the market share. Despite Blur’s significant market share, OpenSea had a much higher number of trading addresses than Blur.

NFTs or non-fungible tokens have become increasingly popular over the past year, with a growing number of people investing in them as digital assets. The market share of Blur transactions reported in the message is impressive and highlights the platform’s growing popularity. The high transaction amounts indicate that more people are willing to invest in NFTs, particularly on the Blur platform. It is not clear why Blur has gained significant market share in the past week, but it could be due to several factors, including the types of NFTs being sold and the fees charged by the platform.

The message also highlights the difference in the number of trading addresses between OpenSea and Blur. OpenSea had a higher number of trading addresses despite having a lower market share in the NFT market. This could indicate that OpenSea is more accessible to a larger number of users globally, while Blur is more popular among a narrower demographic. Alternatively, it could indicate that OpenSea users make more frequent trades on average than Blur users.

Overall, the message provides insights into the market share and transaction amounts of Blur and OpenSea in the NFT market, and the differences in the number of trading addresses between the two platforms.