Blur commands 80% of the NFT market share according to OpenSea Retreats: data

In a year that has seen a massive recovery in the broader crypto market, the non-volatile tokens (NFTs) sector has performed the opposite.

While industry leaders like OpenSea have historically dominated the NFT space, relatively new players like the fuzzy NFT marketplace have emerged as formidable competitors.

In the year Since December 3, the Ethereum NFT market has seen a significant increase in trading volume, reaching an impressive $34.786 million. The increase was the highest since June 29, according to data compiled by Dune Analytics. The NFT market has declined from the exciting highs of 2021. What was once the undisputed leader in NFTs – commanding the majority of the market size – is no longer the only player dominating the scene. Blur, first, emerged as the leader, commanding 80% market share, while OpenSea trailed behind with just 18%. Meanwhile, certain sets of NFTs have seen dramatic increases in value over the past 24 hours. Pudgy Penguin, for example, set a new high with an impressive 18% increase, surpassing the 10 ETH mark. Other collections, including Azuki and Myladin, also saw significant growth, up more than 9% and 10% respectively. NFT sales fell below $300 million in Q3 2023, the worst the market has seen in three years. During the quarter, popular collections such as Azuki, Bored Up Yacht Club and Mutant Up Yacht Club were down more than 25% quarter-on-quarter. Gaming and metaverse-related NFT collections experienced the most significant decline last quarter, falling more than 40%. However, the latest change in dynamics follows a comeback by the sector in November after a year-long slump.