📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Blur Airdrop stirs up the NFT market: volume surges by 229%, price differences create arbitrage opportunities
Data Perspective: The Blur Trading War Triggers Changes in the NFT Market
Recently, the airdrop event of the NFT trading platform Blur has brought significant stimulus to the market. Data shows that the average daily trading volume of 15 major trading platforms increased by 229% in the past week, and the number of trading addresses rose by 19.46%. Blur's trading volume surged by 467%, accounting for 79.46% of the total trading volume, making it the absolute leader in the market.
Blur has innovatively introduced a Bidding mechanism that encourages bids close to the floor price. Analysis shows that the bidding depth of top projects is mainly concentrated in the range of the floor price and 1% above the floor price, while popular projects are concentrated in the range of 5% below the floor price. Among the top 100 projects by trading volume on Blur, the highest bids are, on average, 0.72% away from the floor price.
Compared to OpenSea, the floor price of the same projects on Blur is on average 4.97% lower. Especially for top projects like BAYC and Doodles, the floor prices on Blur are 9.98% and 6.51% lower, respectively. This also explains why the bidding depth for these projects on Blur is concentrated in the range above the floor price.
The trading strategies of high-point users show differentiation. Some users place bids frequently and close to the floor price, while others bid less often but significantly below the floor price. Currently, the average investment cost for 10 high-point users has reached $1.7869 million, but the current valuation of the NFTs held is below the cost, with an average estimated loss of $144,900.
Overall, Blur's innovative mechanism has reshaped the NFT trading market landscape, but it has also brought new risks and challenges. Participants need to weigh the acquisition of points against the cost of funds and pay attention to potential downward price pressure.