New Era

Blur

Rise

With the rise led by &lt;a href="https://en.coin-turk.com/cryptocurrency-<a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>-shows-strong-recovery-bitcoin-aiming-for-38k/”&gt;Bitcoin in the cryptocurrency market, investments continue to flow into sectors related to crypto. Accordingly, the past month has seen a notable increase in volume in the <a href="https://en.coin-turk.com/animoca-brands-completes-funding-round-to-accelerate-development-of-mocaverse/" data-wpel-link="internal" rel="noopener noreferrer nofollow">NFT</a> market, with a significant portion of the increased transaction volume occurring in Blur, the most popular NFT marketplace of recent times within the Ethereum ecosystem.
<h2 style="text-align: justify" id="nft-market-s-rise-attracts-attention">NFT Market’s Rise Attracts Attention</h2>
The upward momentum that started with Bitcoin has opened the way for an increase in the altcoin market, which has also led to a serious momentum in the NFT market. Accordingly, in November, the NFT transactions within the Ethereum ecosystem saw a volume worth $605 million. This figure represents an almost 100% increase compared to the $306 million monthly transaction volume experienced in October.
In just the first four days of December, the month’s NFT transaction volume has already reached nearly $90 million, with about $70 million of that occurring on the popular NFT marketplace Blur. Launched in October 2022, Blur is a zero-fee NFT marketplace designed to meet the needs of professional NFT traders.
<img decoding="async" class="aligncenter wp-image-284489 size-full" src="https://coin-turk.com/wp-content/uploads/2023/12/nft-pazaryeri-verisi.png" alt="" width="1066" height="830">
<h2 style="text-align: justify" id="blur-takes-the-lead-in-the-nft-marketplace">Blur Takes the Lead in the NFT Marketplace</h2>
Since February, the NFT market has witnessed a significant market share shift from OpenSea to Blur, and subsequently, the Blur marketplace has now come to dominate almost 80% of the total transaction volume in the NFT market within the Ethereum ecosystem.
Up until last year, OpenSea, which was the largest NFT marketplace in the sector, has experienced a serious loss of users and currently holds about 17% of the NFT transaction volume in the Ethereum ecosystem. One of the biggest reasons for this situation is the ongoing airdrop event carried out by Blur.
<img decoding="async" class="aligncenter wp-image-284488 size-full" src="https://coin-turk.com/wp-content/uploads/2023/12/nft-pazar-payi.png" alt="" width="1079" height="835">
In addition, Solana-based NFT marketplaces are also experiencing a significant increase in trading transactions, with daily volumes rising throughout November. On November 30th, the total transaction volume in Solana-based NFT marketplaces reached $9.3 million, the highest level since April, with a large portion of this volume occurring on Tensor, with daily transaction volumes exceeding $5 million.
<img decoding="async" class="aligncenter wp-image-284485 size-full" src="https://coin-turk.com/wp-content/uploads/2023/12/solana-nft-pazaryeri-veri.png" alt="" width="1070" height="833"> Continue Reading: <a href="https://en.coin-turk.com/the-rise-of-nft-marketplaces-a-new-era-in-crypto/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/the-rise-of-nft-marketplaces-a-new-era-in-crypto/</a>

The Rise of NFT Marketplaces: A New Era in Crypto

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