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Blur, the non-fungible token (NFT) marketplace, has seen a significant increase in volume since its launch in October. According to statistics from Dune Analytics, Blur has captured about 30% of the market share in terms of sales volume. The NFT marketplace leader, Opensea, commands 48% of the market share.
Blur NFT Marketplace Captures 30% of Market Share in Sales Volume
An NFT marketplace called Blur has seen an increase in market share over the past 30 days. According to statistics from Dune Analytics, Blur holds 30% of the NFT market’s total market share. Crypto market participants believe Blur’s rise is associated with the upcoming launch of its native token, originally scheduled for January 2023 but delayed, according to a statement from the team. The token is now set to be released on Feb. 14, 2023.
“We know this is past our initial estimate of January and we’re sorry for the delay,” the platform tweeted on Thursday. “We’re trying new things and the extra two weeks will allow us to deliver a launch that hasn’t been done before.”

Seven-day metrics from dappradar.com indicate that Blur has recorded $33.06 million in NFT sales. The marketplace is the second-largest in terms of total sales this week, behind Opensea‘s weekly sales of $112.89 million. Twenty-four-hour statistics indicate that Blur’s sales over the last day totaled $5.08 million, compared to Opensea’s $16.24 million. Blur’s rise is similar to that of the Looksrare NFT marketplace, which saw an increase in users when it decided to airdrop 120 million LOOKS tokens, or 12% of the total supply, to the Looksrare community in 2021.

The incentive to acquire airdropped tokens fueled Looksrare’s sales volumes, and during the fourth quarter of 2021, the NFT platform managed to capture significant volumes alongside Opensea. In January 2022, Looksrare surpassed Opensea’s daily volumes for a short period. Since then, Looksrare dropped from the second-leading NFT marketplace in sales down to the fifth position today. In terms of all-time sales, Blur has captured $458.05 million in sales since its inception.

The NFT marketplace Blur is ranked 11th in terms of all-time sales. It is below NFT markets such as Magic Eden’s $2.07 billion, Looksrare’s $1.69 billion, and X2Y2’s $1.07 billion. However, it has surpassed the all-time sales recorded by the NFT markets Wax Atomicmarket ($441.42 million), Immutable X Marketplace ($387.11 million), and Rarible ($301.95 million).
What do you think will be the impact of Blur’s native token launch on the NFT market? Will Blur continue to rise in market share and sales volume, or will it face competition from other players in the industry? Share your thoughts in the comments below.


Blur, the non-fungible token (NFT) marketplace, has seen a significant increase in volume since its launch in October. According to statistics from Dune Analytics, Blur has captured about 30% of the market share in terms of sales volume. The NFT marketplace leader, Opensea, commands 48% of the ma...

news.bitcoin.com

Blur NFT Marketplace Surges in Volume and Market Share, Rivaling Industry Leader Opensea

The stablecoin market in general is going through hard times, though it's the algorithmic coins that suffered the most. 

cointelegraph.com

Algorithmic stablecoin market share dropped by 10x from ATH: Report 

Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his Substack newsletter. SBF stated that the presentation published by litigation firm Sullivan & Cromwell is “extremely misleading” and that FTX US is solvent and “always has been.”
SBF Claims Misrepresentation by Litigation Firm, Twitter Critics Doubt Solvency
Sam Bankman-Fried (SBF) is providing additional information in response to the recent press release and 20-page presentation document issued by FTX debtors and current restructuring administrators. The press release reported that investigators found $5.5 billion in liquid assets. In response, SBF posted a new blog on his Substack newsletter and stated on Twitter, “FTX US is solvent, as it always has been.” The blog post echoes this statement and asserts discrepancies between Sullivan & Cromwell’s (S&C) reporting and SBF’s spreadsheet.

He disputes the assertion in the presentation that FTX US has a “shortfall” and maintains that FTX US is not insolvent. “S&C claims that FTX US has a shortfall,” SBF said in his latest blog post. “That claim is false. Based on S&C’s own data provided in the same court presentation, FTX US had roughly $609 million of assets ($428 million in bank accounts, plus $181 million in tokens) backing roughly $199 million in customer balances. FTX US was solvent when it was turned over to S&C, and almost certainly remains solvent today.”
Despite SBF’s claims, several people on social media mocked the FTX co-founder and specifically criticized his Excel spreadsheet. “Bro typed out a couple of numbers in 5 mins thinking it’s gonna be his get out of jail free card,” one person tweeted in response to SBF’s latest blog post. “Nice Excel sheet that a 5-year-old could make — LOL — Means nothing. Somebody shut this dude up forever,” another person wrote. SBF’s claims were met with skepticism and his declarations did not appear to be convincing to many.

Missing Funds, Lack of Auto-Liquidation Issues, and ‘Questionable FTX US Redemption System’ Remain Unaddressed by Former FTX CEO
A number of people questioned why SBF did not comment on the $10 billion in missing funds and once again, his blog post did not address the accusations made in the presentation. For example, following SBF’s last blog post, Bitmex co-founder Arthur Hayes criticized the FTX co-founder for not addressing the lack of auto-liquidation associated with Alameda Research. The latest presentation from FTX debtors claims “Alameda Research and a small group of individuals had the ability to remove assets from the exchange.” Furthermore, the removal of funds was never recorded on the company’s ledger, and the funds allegedly derived from FTX exchange customers.
SBF did not address that specific subject at all. It is absent from his argument against Sullivan & Cromwell’s presentation. People on Twitter brought this up to SBF on other Twitter threads about the subject, as SBF’s tweets are set to “private” mode and cannot be commented on. “This does not explain the allegations of embezzlement to which your colleagues have pleaded guilty,” one person on Twitter tweeted in response to SBF’s latest claims. One person told the media that SBF’s claims appear to be intentional “misdirection” and “potentially for legal/defense purposes.”
It is safe to say that Bankman-Fried’s claims and recent blog posts are not being taken seriously, and his Excel spreadsheet method is not convincing the general public. Some people wondered if SBF was “presumably tweeting against the advice of legal counsel.” The latest blog post was not much different from the last post SBF wrote, as they both fail to explain a number of issues raised by Bankman-Fried’s co-workers — former Alameda CEO Caroline Ellison and FTX co-founder Gary Wang. Furthermore, evidence has emerged about how “traders may have used a questionable FTX US redemption system” for Solana-bridged assets.

Conor Rogan, a director at Coinbase who frequently tweets about onchain activities, said this redemption scheme could complicate the bankruptcy process. “From November 9th until withdrawals were halted a few days later, traders may have used a questionable FTX US redemption system to funnel [tens of millions] out of the exchange,” Rogan said. “This could complicate bankruptcy proceedings and further call into question FTX-FTXUS separation claims,” he added. Rogan discussed a synthetic Solana-based bitcoin (BTC) token called “sollet (soBTC)” which broke its peg when FTX’s troubles were engulfed in flames. Despite the financial issues, FTX US still processed sollet redemptions on a 1:1 basis.

The redemptions still occurred while sollet was trading for much lower than BTC’s spot price, and Rogan believes the “toxic redemptions” or “swapping unbacked ETH and BTC” led to the potential loss of over $40 million. “FTX US would presumably have 1,700 real BTC, instead of 1,700 soBTC worth near-zero on the open market today,” Rogan tweeted. The onchain researcher noted, however, that the evidence was his own “speculative findings based on research into FTX US’s Solana address and discussions with members of the Solana community.” Notably, following Rogan’s Twitter thread, SBF decided to reply to the claims made.
“I’m fairly confident that FTX US’s excess cash on hand is much larger than the size of the wrapped asset issue to the extent there is one,” SBF wrote in reply to Rogan’s Twitter statements.
Once again, SBF’s comment about the sollet (soBTC) issue was met with skepticism and criticism shortly after he published the tweet. “You just said they were solvent. Now you’re ‘fairly confident?'” one person asked the FTX co-founder. “I’m fairly confident you will spend a long time in federal prison,” another individual tweeted. Rogan’s Twitter thread and SBF’s response further highlight that people do not seem to be accepting the former FTX CEO’s statements. “Nobody believes anything you say and they never will,” one person replied to SBF’s sollet commentary on Twitter.
What are your thoughts on Sam Bankman-Fried’s claims of FTX US’ solvency and the accusations of embezzlement and missing funds? Leave your comments below.




Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his Substack newsletter. SBF stated that the presentation published by litigation firm Sullivan &#038;...

Sam Bankman-Fried Disputes FTX US ‘Shortfall’ Claims, Critics Skeptical of Excel Spreadsheet Defense

Decentralized exchange (DEX) Sushiswap (SUSHI) hopes to grow its market share tenfold in 2023, according to Jared Grey, the project’s CEO.
Grey says in a new blog post that Sushiswap plans to release its new DEX aggregation router in the first quarter of the year, a move he thinks will increase the project’s swap volumes.

The CEO notes Sushiswap developers already built an aggregation router, a tool that lets users monitor numerous decentralized finance (DeFi) protocols, “in stealth mode” last year.
“We believe aggregation helps deliver the best user experience by serving users with optimal pricing. We leverage this innovation by building deeper liquidity in our pools and permitting [users] to benefit from increased swap volumes and fees, leveraging our Trident framework across multiple networks.”
Grey also says Sushiswap has taken measures to “secure our runway for multi-year operations.”
“Now, SUSHI commands ~2% of the AMM [automated market maker] market and 0% of the aggregation market. By executing our vision, we intend to 10x our market share in 2023.”
The CEO notes Sushiswap plans to launch a decentralized incubator called Sushi Studios that will foster independently funded projects to help boost ecosystem growth.
“These products help increase Sushi’s brand without hindering the DAO’s [decentralized autonomous organization] core DEX focus, the main historical obstacle to Sushi’s horizontal product direction. SUSHI has a solid and resilient brand representing the best of DeFi [decentralized finance]; with Sushi Studios, we can leverage the brand to reach all users.”
SUSHI is trading for $1.25 at time of writing. The 141st-ranked crypto asset by market cap is up 1.38% in the past 24 hours and nearly 10% in the past seven days. It remains nearly 95% down from its all-time high of more than $23, which it hit in March 2021.
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The post Crypto DEX Sushi Could Explode 900% in Market Dominance This Year, Says CEO – Here’s Why appeared first on The Daily Hodl.


Decentralized exchange (DEX) Sushiswap (SUSHI) hopes to grow its market share tenfold in 2023, according to Jared Grey, the project&#8217;s CEO. Grey says in a new blog post that Sushiswap plans to release its new DEX aggregation router in the first quarter of the year, a move he thinks will incr...

dailyhodl.com

Crypto DEX Sushi Could Explode 900% in Market Dominance This Year, Says CEO – Here’s Why

Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating.
Ethereum’s Market Share Grows Amid Frenzied Surge in the Cryptocurrency Markets
Ethereum (ETH), the second-leading crypto market asset by market capitalization, has seen an increase in its market dominance over the past 11 days. ETH has managed to gain against the U.S. dollar, climbing approximately 0.48% during the last day. Seven-day metrics show ethereum has risen 6.55% against the greenback.

For ethereum and all other crypto assets, market dominance is calculated by dividing the market capitalization of ETH by the total market capitalization of all cryptocurrencies combined. As of Dec. 31, 2022, coinmarketcap.com (CMC) metrics archived on archive.org indicate that ethereum (ETH) had a market dominance rating of around 18.4% and the overall crypto economy was valued at $796.91 billion.
Data from Jan. 11, 2023, indicates ETH’s dominance is now at 19% among the 22,261 crypto assets listed on CMC, which are valued at roughly $856 billion. According to coingecko.com (CG), on Dec. 31, 2022, ETH’s dominance was around 17.4% and the overall crypto economy was worth $828 billion. It is important to note that CG’s metrics are different than CMC’s, currently, CG shows ethereum’s dominance is at 18%. CMC shows ethereum’s (ETH) dominance rating has increased by 3.26%, and according to CG, the increase was by 3.44%.

Both coin market cap aggregation websites show that bitcoin (BTC) dominance has decreased. CMC metrics indicate BTC’s dominance dipped from 40% to 39.2% over the past 11 days. While CG statistics show BTC’s dominance rating on that website was 38.5% and it is now at 37.6% on Jan. 11, 2023. Ethereum’s market dominance has seen a steady increase in recent days as both crypto market aggregation websites show this is the case. The trend of decreasing dominance of bitcoin is also consistent in the data provided by both websites.
What are your thoughts on ethereum’s increasing market dominance in the crypto industry over the last 11 days? How do you see this trend evolving in the future? Let us know in the comments section below. 




Since Dec. 31, 2022, ethereum&#x2019;s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum&#x2019;s crypto ma...

Frax Share price	$10.98
Low - High 24H	$10.91 - $11.38
Market cap	$805.06M
Volume 24H	$19.32M
All time high	$42.80 -74.10% January 12th 2022
All time low	$1.50 637.33% June 25th 2021
Genesis date	N/A

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