Last month, there was a noticeable increase in activities in the NFT market, with a significant portion of the rising transaction volume taking place on the Blur platform.

You can visit the Blur website by clicking here.

According to some data provided to users, Ethereum-based NFT transactions exceeded $605 million in November. This figure represents an almost 100% increase compared to the monthly transaction volume of $306 million in October.

With four days remaining in December, the NFT transaction volume for the month has already reached nearly $90 million, with approximately $70 million of that coming from transactions on the Blur platform. This striking increase demonstrates Blur’s impact and popularity in the industry.

The market share of the previously leading OpenSea has dropped to around 16%. Blur has surpassed OpenSea since February, taking control of the majority of the Ethereum-based NFT market.

While other marketplaces such as LooksRare and X2Y2 exist, they seem to have only a small share in the monthly transaction volume of the market, especially when compared to the significant influence of Blur and OpenSea in transactions.

If you want to learn everything about NFTs, be sure not to forget watching our videos in the NFT series.

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