BLUR (Blur) rose 27.48% in 24 hours.

Gate News Bot news, July 21, according to CoinMarketCap, as of the time of writing, BLUR is currently priced at $0.12, having risen 27.48% in the last 24 hours, with a peak of $0.12 and a low of $0.08. The current market capitalization is approximately $285 million, an increase of $61.4 million compared to yesterday.

Blur is an NFT trading marketplace designed for professional traders. The platform offers features such as fast purchasing and zero platform fees, with a total trading volume reaching $7.4 billion and 325,000 users. Blur has also distributed 700 million BLUR tokens to the community through airdrops and is currently conducting the Q3 reward program.

Important news about BLUR recently:

1️⃣ BLUR accounts for nearly 80% of NFT trading volume The dominant position of the Blur platform in the NFT trading market has been further consolidated, currently accounting for nearly 80% of NFT trading volume. This astonishing market share reflects Blur's strong appeal among professional NFT traders and also demonstrates the platform's rapid rise and increased user recognition.

2️⃣ BLUR is considering introducing trading fees The Blur platform recently proposed a new initiative to consider introducing transaction fees and removing the guarantee on creator fees. This potential policy adjustment could have a significant impact on the platform's economic model and user behavior, while also potentially affecting the value and use cases of the BLUR token.

3️⃣ Low royalty policy impacts competitors Blur's low royalty policy has had a significant impact on the NFT market landscape. This strategy not only attracted a large number of traders but also caused a substantial blow to the revenues of competitors like Yuga Labs. Blur's market strategy is reshaping the NFT trading ecosystem and may further consolidate its market position.

From a technical perspective, the significant rise in the price of the BLUR token may be directly related to its growth in market share within the NFT sector. However, investors should be aware that potential changes in platform policies may affect the future performance of the token.

This message is not an investment advice, please be aware of the market volatility risks when investing.