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Fortune

Marco Quiroz-Gutierrez

Blur overtakes OpenSea even as monthly NFT trading falls below $1 billion for first time in 2023

Blur OpenSea NFT DappRadar Decrypt

(Credit: Illustration by Fortune)

Upstart NFT marketplace Blur, even as the overall market retreated, dominated OpenSea in trading volume for the month of May.

The NFT marketplace, which distinguishes itself with its crypto rewards for traders, netted $442 million in sales, exceeding the $183 million in sales by longtime leader OpenSea, according to a Thursday report by DappRadar. Blur now holds 65% of the overall NFT market share, while OpenSea, which has upwards of 300,000 more users, lags at just 27%. Neither company immediately responded to a request for comment on the report.

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