With the rise of cryptocurrencies and non-fungible tokens (NFTs), more and more trading platforms have entered the market. Among them, Blur, as an emerging NFT trading platform, is gradually showing its unique competitive advantages. According to Coinmarketcap data, the circulating market value of BLUR tokens has reached US$294 million, and the full circulating market value is US$2.428 billion. These data have undoubtedly attracted widespread attention from the market.
Market Cap Comparison: Blur vs. Other NFT Platforms
In the NFT market, Blur’s performance deserves attention. Compared with other platforms, Blur's market share shows strong growth potential. For example, the circulating market value of X2Y2 is only US$25.9 million, and the full circulating market value is US$144 million; while the circulating market value of Looksrare is US$130 million, and the full circulating market value is US$280 million. Relatively speaking, Blur's circulating market value is more than ten times that of X2Y2, showing its strong influence in the market.
According to NFT data website nftscan, in the past three months, the Blur platform’s transaction share in the NFT market reached 33.54%, which is comparable to Opensea’s 33.12%, showing Blur’s competitiveness in the market. It is worth noting that Opensea’s valuation is as high as US$13.3 billion, which makes Blur’s full circulation market value only one-fifth of Opensea’s, which shows Blur’s potential underestimation in the market.
Blur’s airdrop strategy and token economic model
Blur’s recent airdrop event once again triggered heated discussions in the community. This strategy not only brought actual wealth effects to users, but also successfully attracted more users to start using the Blur platform. From the perspective of the token economic model, Blur's design benefits the community, with more than half of the token supply allocated to community users, which is relatively rare in cryptocurrency projects.
Blur's airdrop method is similar to Optimism, making full use of airdrop incentives to guide users and operating platforms. The success of this strategy lies in its refined design. By motivating sellers, buyers, and creators, Blur can improve user retention rates in all aspects, which is in sharp contrast to the extensive airdrops of other project parties.
Market expectations and future prospects
Judging from market expectations, Blur's market value appears slightly undervalued relative to its high share of the NFT market. Compared with Opensea, Blur's market value still has room for improvement. However, compared with platforms such as X2Y2, Blur’s market value appears relatively overvalued, mainly due to the advantages of the investment institutions and teams behind it.
In terms of product experience, Blur performs well in the NFT platform, which is one of the important reasons why it attracts a large number of users. According to data from Coinmarketcap, the total transaction volume of BLUR tokens reached US$702 million within 12 hours after the market opened, with the largest share of transactions on centralized exchanges reaching US$517 million, showing its high turnover rate.
in conclusion
In summary, as an emerging NFT trading platform, Blur has successfully attracted a large number of users and occupied a place in the market with its unique airdrop strategy and token economic model. With its continued development and growth, Blur's future market performance is worth looking forward to. For users who hope to receive the Blur Season 2 airdrop, it is recommended to go to the Blur official website to bid or list NFT to seize this opportunity.
Against the backdrop of the continued expansion of the NFT market, Blur’s success is not only the result of its own efforts, but also reflects changes in the entire cryptocurrency ecosystem. As the market environment changes, how Blur will adjust its strategy to maintain a competitive advantage will become the focus of the industry.