The market share war in the non-fungible token (NFT) space can always have a positive effect. According to the latest industry report from the Web3 data platform DappRadar, the number of NFT transactions reached $2 billion in February – the highest figure since before the meteoric crash of Terra and its UST token and LUNA in May 2022.
Much of the increase is due to the growing popularity of the Free Blur Marketplace. When the market of NFT, the number of tokens traded, is down about 32% from January, the trading volume, the amount of cryptocurrency trades and trades, is about 120%. Much of this had to do with encouraging business ahead of Blur’s mid-February airing. Sara Gherghelas, a blockchain research analyst at DappRadar, told CoinDesk that while Blur is increasing market share and challenging historical NFT market leader OpenSea, the market is not attracting new investors into NFT. Although OpenSea is aimed at retail customers, Blur’s focus on professional customers can increase sales volume, not new customers.
“Cheating does not bring adoption,” Gherghelas said. “At this point, they’re bringing the hype to the token startup, but it’s interesting what they’re doing.”
Since Blur launched in October, it has focused on targeting NFT traders who want to make large purchases without paying fees. It quickly became popular by enticing customers to interact on the platform in order to get its native BLUR logo ahead of the brand’s launch in February. Two days after the announcement, Blur surpassed OpenSea in volume and has been challenging for market leader ever since.

Yuga Empire keeps NFTs lit
While Blur played a major role in February NFT transaction volume, DappRadar also reported that Yuga Labs NFT collection provided 30% of Ethereum-based NFT transaction volume last month. His Mint Dookey Dash is based on skills that play a big role in the number – earlier this week the winning key, NFT won by getting the highest score in the game, sold $ 1.6 million.