NFT Market Recovering with Blur Dominates 80% of Market Share

According to The Block, the NFT market has seen a spike in activity over the past month, with the majority of the increased trading volume occurring on the Blur.

November recorded $605 million in Ethereum-based NFT trading, an increase of almost 100% from $306 million in October.

Since February of this year, the NFT sector has witnessed a notable market share shift from OpenSea to Blur, with the later marketplace now dominating almost 80% of total trading volume in the Ethereum-based NFT market. OpenSea, the NFT marketplace that was once dominant, has been ceding ground and currently holds around only 17% of NFT trading volume.