ETH NFT TRADING SURGE WITH BLUR
Ethereum NFT volume almost doubled to $500 million last week, rapidly accelerating with Blur's new reward model.
Blur has generated $460 million in the past week, recording a 361% increase while OpenSea saw a 12% increase in trading volume at $107 million.
However, the surge in trading volume at Blur appears to be driven by whale traders with significant NFT holdings. They are are flipping NFTs with even higher frequency than before to boost potential future token reward allocations.
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