Blur Trading Battle Data Analysis: Floor Price is 5% Lower than Opensea, High Scoring Users Estimated Loss

In mid-February, the NFT trading platform Blur conducted its first round of token airdrops, distributing 360 million tokens to over 120,000 addresses. The second round of airdrops has begun, and bids and listings made before April 1 will earn double points. This has stimulated trading in the NFT market, with trading volume continually rising.

Data analysis shows:

1. Blur has stimulated new trading demand. The daily trading volume of 15 trading markets increased by 229% in the past week, and the number of daily trading addresses increased by about 19%. Blur's daily trading volume increased by 467%, and the number of daily trading addresses increased by 46%.

2. Blur has put pressure on other trading markets, especially in terms of trading volume. This also shows that Blur has attracted more "high-net-worth" users.

3. The bidding depth of the top 10 projects is best within the range of Floor Price and 1% above Floor Price, while the bidding depth of 6 popular projects is best within the range of 5% below Floor Price.

4. The Points rule causes bidding prices to converge towards the Floor Price. The top 100 projects by trading volume on Blur have a maximum bid deviation from the Floor Price averaging 0.72%. This has driven the Floor Price down.

5. The top 100 projects by trading volume have an average Floor Price on Blur that is 4.97% lower than on Opensea, while the 7-day trading volume on Blur is 0.59% higher than on Opensea. However, there is no relationship between volume and price across markets, and the lower Floor Price is primarily influenced by the Bidding-Points mechanism.

6. For leading projects, the Floor Price on Blur is all lower than on Opensea, especially BAYC and Doodles, which are lower by 9.98% and 6.51%, respectively.

7. There are 17 projects that have been bid on by 3 or more high-score users, among which 4 projects including PudgyPenguins have been bid on by 8 high-score users.

8. The total number of effective bids from the top 10 high-scoring users is approximately 62,700 times, with an average bid deviation from the Floor Price of -16.32% and an average bid execution rate of 92.87%. Its Bidding model can be divided into three categories.

9. The total value of the 10 high-scoring users' NFTs, estimated at the Floor Price, is below the cost, with an average estimated loss of 90 ETH, approximately $144,900.

10. Obtaining high points requires a significant capital investment. Under the points rules, the Floor Price in the Blur market has downward momentum, and participants need to dynamically manage the cost-estimated value difference.