BLUR Surges After Season 3 Begins with Fresh Rewards, Ethereum's New Layer 2 Blast Network Draws $30M in Hours

Daily Top Performer — Blur (BLUR)

The U.S. stock market fell as the investors saw no indication of rate cuts in the latest Fed meeting minutes. The broader cryptocurrency market was down, with Bitcoin and Ether dropping 2.39% and 1.18% respectively in the past 24 hours. 

Today’s outperformer is BLUR, which jumped 12.6% as Blur launches season 3 with enhanced rewards for NFT traders and $BLUR Holders, powered by Blast. 

Blur (BLUR), launched on October 2022, is a decentralized NFT marketplace offering low fees, flexible royalties, and a user-friendly interface. It rewards users with airdrops for selling NFTs and has achieved significant growth with a traded volume of $1.4 billion, underscoring its popularity in the NFT trading community. Season 2 of Blur ended with significant achievements, including becoming the top NFT marketplace and lending protocol with $6.1 billion in trading volume, over 260,000 unique users, and a 65% market share. Season 3 has now commenced, featuring new rewards for NFT traders and $BLUR holders and will last 6 months. It includes an airdrop in partnership with Blast, split equally between NFT traders and $BLUR holders. Rewards for $BLUR holders are based on holding duration and amount, while NFT traders earn points through activities like bidding, listing, and lending on NFTs. Participants from Season 2 have 45 days to claim their $BLUR rewards.

Check Out the Latest Prices, Charts, and Data of BLURUSDT Perp and BLUR/USDT Spot!

Talk of the Town:

Blast, a new Ethereum layer 2 network, rapidly attracted over $30 million in investments just hours after its bridge became operational. Its distinctive feature is the ability for depositors to earn yields on transferred ether and BLAST points. Blast engages in ETH staking, aiming to increase the ETH value in users' wallets over time. Currently, the network is in an invite-only phase, and users cannot withdraw funds or participate in on-chain activities until the mainnet launch in February. The majority of the bridged funds are staked in Lido and Maker, with some in dai stablecoins. Bridging stablecoins earns users Blast's auto-rebasing stablecoin, USDB. Backed by over $20 million from investors like Paradigm and Standard Crypto, Blast is an extension of the Blur ecosystem and is led by PacmanBlur, a co-founder of the NFT marketplace Blur. Following Blast's release, BLUR prices increased by 12% in the past 24 hours.

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