OpenSea Pro has emerged as the new leader in the world of Non-Fungible Tokens (NFTs), surpassing Blur as the most popular NFT marketplace. According to a recent analysis by Delphi Digital, OpenSea Pro’s daily transaction count has overtaken that of Blur, despite both platforms offering zero fees and similar features.
The launch of OpenSea Pro, an aggregator geared towards active traders, was a strategic move to attract users from Blur, which had been eating away at OpenSea’s market share since its launch in October 2022.
OpenSea Pro offered zero fees for a promotional period and advanced order types, making it an attractive option for professional traders looking to benefit from the new NFT rewards.
A potential airdrop was another factor that may have helped OpenSea Pro gain traction and entice new users. Meanwhile, Blur’s bidding and listing incentives have become saturated, and it has become difficult to earn points despite the 2x multiplier incentives that last through May 1.
As a result, OpenSea Pro has seen a rapid increase in its market share, with Blur’s share shrinking from 49.3% to 27.9% in just one month. This marks a significant shift in the NFT landscape, as Blur had been the market leader in Q1 2023, managing to dethrone former leader OpenSea within six months.
The success of OpenSea Pro highlights the importance of innovation and staying ahead of the competition in the rapidly evolving world of NFTs. As the market continues to grow and evolve, it will be interesting to see what new developments and innovations emerge in the world of NFT marketplaces.
