BLUR, The NFT Blur Market Token That Was Crowded Now Falls Free Of More Than 80 Percent

The price of BLUR tokens has dropped significantly. (Photo; Doc. Blur)

JAKARTA - Blur, a digital asset trading platform Non-Fungible Token (NFT), has managed to control most of NFT sales in the past month. However, the price of the original BLUR token, BLUR, has decreased sharply and has been at its lowest level in recent times.

According to data from dappradar.com, Blur has a 71 percent market share in sales volume over the past week. Meanwhile, data from Dune Analytics shows that Blur contributes 42 percent in the number of transactions, while Opensea, another NFT market place, contributes 48.3 percent.

However, in terms of the number of traders in the past week, Opensea excels with more than 89,000 traders, compared to Blur, which only has 39,000 traders.

Bitcoin.com News reports that although Blur has dominance in the NFT market, its original token price, BLUR, has decreased by more than 28 percent in the past month. While other crypto assets, such as ETH and BTC, experienced an increase in prices in March. While ETH rose 8.5 percent, and BTC rose 19.8 percent, BLUR actually fell 28 percent against the United States dollar.

Currently, BLUR has a market capitalization of around US$248 million (Rp3.7 trillion), with a circulation supply of 426.84 million BLUR tokens. There are around 42,509 unique addresses holding BLUR tokens, and about 94.42 percent of all BLURs made are stored in 10 wallets.

Data from coincarp.com also shows that only 100 BLUR holders control 98.10 percent of the total token supply, with the top address being the BLUR contract developer. Meanwhile, BLUR reached its highest price on February 14, 2023, at a price of 5.02 US dollars (Rp75,185) per token. However, currently, the price per BLUR has fallen to 0.579 US dollars (Rp8,600), so the price of this token has fallen more than 88 percent since then.

Although BLUR has experienced a decline in prices, the use of NFT is increasingly popular and widely used in various industries. This shows that blockchain technology and crypto assets continue to grow and have great potential in the future.