The Liquidity Battle Between Blur and OpenSea: A New Landscape for the NFT Market

In the second half of 2022, the NFT market experienced a harsh winter. With the release of Otherdeed for Otherside draining the last bit of liquidity, the speculative frenzy in the NFT market came to an end.

However, Blur, as an excellent NFT trading platform, has brought some incremental gains to the market with its token issuance expectations. When Blur officially issued the token $BLUR, the huge airdrop rewards injected more vitality into the market.

The data from the NFT trading platform shows that:

1. The comprehensive NFT trading platform ( is mainly PFP ), which has fully surpassed art NFT platforms.

2. Blur's trading volume had already surpassed OpenSea before the airdrop on February 15.

3. The NFT market has returned to healthy development in the first quarter of 2023 after experiencing the hype and disillusionment of 2022.

NFT includes two attributes: consistency and inconsistency. Currently, mainstream NFTs can be divided into two major categories: artworks and PFPs, among which PFPs are more suitable as avatars for online identities, thus receiving more attention in the NFT field than artworks. PFP series usually contain repeated subjects and random variables, creating a commonality that凝聚社区 while also creating differences in social status through rarity.

One of the main competitive dimensions of NFT trading platforms is the convenience of transactions. Blur's trading experience is geared towards professional traders and the wholesale market, while OpenSea is more suitable for ordinary users and the retail market. However, for CLOB trading platforms, the greatest value lies in providing the best Liquidity.

Blur adopted a two-way liquidity incentive in its airdrop program, corresponding to the two ends of liquidity through Listing mining and BID mining. This design had a huge positive impact on Blur's trading volume even before the official issuance of $BLUR.

However, the liquidity scheme of Blur still has shortcomings. Compared to Uniswap's LP liquidity design, Blur's BID is insufficiently inert. Most BID funds lack loyalty, and once incentives are removed, the BID wall may collapse rapidly. In addition, Blur has accelerated the collapse of the NFT market, allowing whales to offload their assets more easily.

To cope with the competition from Blur, OpenSea has launched a zero-fee policy, but the effect has not been significant. Both sides are under immense pressure, and this "cliff racing" may end with one party exhausting its resources. In this process, secondary NFT platforms like X2Y2 and LooksRare may collapse even faster.

Despite the many shortcomings of Blur, the price of $BLUR has continued to languish, but its efforts to improve liquidity in the NFT market have secured it an important ecological position. With ample liquidity, NFTfi is expected to enter a new stage of development. The competition between Blur and OpenSea is just the prologue to the infinite war of NFTfi, so let's continue to pay attention to the future development of NFTfi.