Ethereum

Blur

<ul><li>Ethereum&#39;s NFT marketplace only hit $568 million in transactions.</li><li>Stellar performance by Blur&#39;s lending protocol, Blend, boosts the NFT loan market to $114M.</li><li>The NFT loan market saw an uptick, with total volume hitting $114M.</li></ul>According to Colin Wu, a Chinese reporter, July saw the Ethereum NFT market in a surprising slump. His analysis shows that Ethereum&#39;s NFT marketplace only hit $568 million in transactions, marking the lowest point since November last year. Moreover, the number of unique addresses for <a href="https://cryptotale.org/ethereum-and-polygon-are-the-most-popular-blockchains-for-nft-collectors/" rel="noopener noreferrer nofollow">Ethereum NFT</a> transactions nosedived to 107,000, marking a two-year low. Even the leading platform, OpenSea, saw a decline, with its monthly transactions dropping to 64,600 independent addresses.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c6ae1a6acf3f4c579f3d15fce7cd51da.png" />Despite these initial setbacks, Ethereum&#39;s NFT market rebounded last week. The transaction volume skyrocketed to an astonishing $19.6 million, underpinned by 18,800 trades. Hence, leading platforms <a href="https://cryptotale.org/coinbase-prime-sees-major-blur-influx-as-47-96-million-tokens-unlocked/" rel="noopener noreferrer nofollow">Blur</a> and <a href="https://cryptotale.org/opensea-introduces-3-hour-hold-period-in-efforts-to-mitigate-theft-risks/" rel="noopener noreferrer nofollow">OpenSea</a> reportedly took the reigns, while Zora celebrated surpassing a milestone of 100,000 users.Significantly, Blur led the pack with an incredible $15.2 million in weekly sales, representing a staggering 77.5% of the total weekly NFT volume on Ethereum. This demonstrates Blur&#39;s magnetic pull for NFT enthusiasts and collectors. However, OpenSea wasn&#39;t far behind, boasting 10,000 transactions, a noteworthy 53.5% of total weekly trades. Despite stiff competition, OpenSea remains the platform of choice for NFT trading.Read full article at<a href="https://cryptotale.org/analyst-reveals-shifts-in-ethereums-nft-and-staking-markets/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Analyst Reveals Shifts in Ethereum's NFT and Staking Markets

CryptoTale

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