In a recent report released by NFT market analysis company NFTgators, it was revealed that the NFT market trading volume reached an astounding 900,000 ETH in March. The report also revealed that Blur’s NFT platform held the lion’s share of the market, with a 69% share.

The data showed that over 2 million NFTs were traded in March, with 601,000 users participating in the market. Apart from Blur, other popular NFT platforms included OpenSea with a 20% share, LooksRare with 3%, and x2Y2 with 2.5%.

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What sets Blur apart from its competitors is the average number of sales per user per month, which was found to be 4.9. This figure is more than double that of OpenSea, which had an average of 2.4 sales per user. Furthermore, the average selling price for NFTs on Blur was 0.74 ETH, which is more than three times higher than the average price of 0.23 ETH on OpenSea.

The report also shed light on the growing popularity of Bitcoin Ordinaries NFTs, with over 714,000 being issued in March alone. The network fees for issuing these NFTs exceeded 150 BTC, further highlighting the increasing demand for NFTs in the crypto world.

The NFT market has seen exponential growth in recent months, with various platforms competing for market share. With Blur emerging as a clear leader in the space, it will be interesting to see how other NFT platforms respond to this latest development. As the market continues to evolve, one thing is for certain – NFTs are here to stay.

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This article was republished from azcoinnews.com

At the beginning of last year, OpenSea bought the NFT marketplace aggregator Gem. Together with the OpenSea - Gem team, it has been redesigned into OpenSea Pro, and now it is the fastest and most powerful of the available NFT aggregators on the market now.

OpenSea.io returns to the standard trading platform commission of 2.5%, but through OpenSea Pro you can still place your NFT on OpenSea with zero fee during the promotion period.

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In the world of NFTs, there has been a recent buzz about a new address, 9082D2 (0x90…fba9), that quickly climbed to the fifth position in the Blur leaderboard. However, the excitement was short-lived as it was soon revealed that the address had achieved its rank by relying on price manipulation tactics.

According to SD, founder of NFT derivatives NFEX, the manipulator behind the 9082D2 address usually bids for a collection of over 30-80 items and starts to increase their bid sharply with large amount size for a short period. This results in a number of other bidders increasing their bid price along with them, which is known as spoofing the market and is illegal in financial markets.

After a while, 9082D2 sells all their holdings to the remaining bidders in one go, making a profit and earning Blur points. The uninformed bidders are then left with bags of NFTs at inflated prices, which they often sell for a loss to get out of the risk. This creates a cascade effect in price, and the NFTs get passed on to many rounds of bidders, resulting in losses until they finally stabilize later on.

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The manipulator then comes back again and starts bidding on top projects such as clone x, doodles, pudgy penguins, and moonbirds. The Twitter user SD suggests that to profit from this, one should not bid along if they do not know who has been buying. If they see the manipulator start buying, they should buy along before they pump up the price and sell to them. After rounds of dumping happened, it’s always a good time to start bidding on these collections as likely the price is just oversold.

However, as a community, we need to fight against these bad players. The Twitter user SD urges readers to comment below if they find any other players with similar actions and to team up and protect ourselves from these manipulators.

In conclusion, the rapid rise of the 9082D2 address in the Blur leaderboard is a stark reminder that the world of NFTs is not immune to price manipulation tactics. As the NFT market continues to grow, it is important for buyers to be aware of such manipulations and work together to combat them.

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This article was republished from azcoinnews.com