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- OpenSea marketplace noted a higher transaction count than Blur, as per Delphi Digital.
OpenSea is one of the largest web3 marketplaces for NFTs and crypto collectibles. OpenSea Pro, which is the marketplace’s professional trading tool, surpassed the younger Blur NFT marketplace. The research report by Delphi Digital reported its finding on Twitter. “OpenSea Pro surpassed Blur in terms of transaction count for the time being.”
As per Delphi Digital, since the rebranding of OpenSea Pro, it has surpassed Blur. Both platforms deliver similar services.
A possible reason for the development as Delphi Digital noted in its tweet is that “pro-traders are looking to take the advantage of the new NFT rewards on OpenSea Pro in hopes of higher opportunity costs and the potential for an OpenSea Pro airdrop.”
In contrast, the bidding of Blur and listing incentives have become relatively saturated, because it is now more difficult to earn points, despite the 2x multiplier incentives that last through May 1st. As the incentives on Blur taper off over time, transaction activity on OpenSea Pro is going up as Delphi Digital’s research stated.
Recently, Delphi Digital shared that SharkyFi, the FIRST Escrow-less NFT lending protocol dominates Solana NFT loan volume. As per the report by Delphi Digital, it was questioned as “Is Solana NFT Summer here?” However, this is the second part of its research on Solana NFT. In its first part of research, it mentioned that Solana has maintained its “strong position as the second-largest NFT ecosystem behind Ethereum throughout 2023.”
OpenSea Pro: An NFT Aggregator
OpenSea Pro can be seen as a rebranded version of OpenSea’s Gem v2 that has 0% marketplace fees. OpenSea debuted this NFT aggregator on April 4th that aggregates “more than 170 NFT marketplaces to source the best deals.” Besides this, the platform also provides some advanced features like floor sweeping, inventory management, gas fee optimization, and mobile accessibility.
On April 18th, OpenSea Pro also shared that it has reached a “record-breaking $5.2mm in daily trading volume.”
OpenSea Pro shared about its Genesis NFT, which states that the “users with ranks in the top 1% have been elevated to the status of die-hard fans and their Genesis NFTs come with special visuals.” However, the metadata for Genesis NFT has not been minted yet. It will be revealed after the claiming window closes on May 4th.
Meanwhile, Gemesis placed second on OpenSea’s trending collection, followed by Cat & Mouse. At press time, Gemesis is having the floor price at 0.04 ETH or $74.99.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
