{"id":520071,"date":"2023-02-17T18:00:00","date_gmt":"2023-02-17T18:00:00","guid":{"rendered":"https:\/\/ktsl888.com\/?p=520071"},"modified":"2023-02-17T18:59:42","modified_gmt":"2023-02-17T18:59:42","slug":"blur-token-airdrop-spikes-ethereum-gas-prices-and-burn","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/blur-token-airdrop-spikes-ethereum-gas-prices-and-burn\/","title":{"rendered":"Blur Token Airdrop Spikes Ethereum Gas Prices And Burn"},"content":{"rendered":"

While the crypto market is still in an uptrend despite the Securities and Exchange Commission’s (SEC) increase in regulatory actions, projects have been seen taking advantage of the so-called \u2018mini bull run\u2019 with new launches. NFT marketplace Blur is one of them.\u00a0<\/span><\/p>\n

On Valentine\u2019s day, February 14, Blur airdropped its native token under the ticker BLUR. The digital asset was launched on the Ethereum blockchain to users who have actively traded NFTs on the marketplace over the past six months.\u00a0<\/span><\/p>\n

Following the project\u2019s token airdrop, network activity on the Ethereum blockchain has soared, spiking the network\u2019s gas prices and the amount of ETH burned in a day. This network’s spike in activity can be linked to Blur users claiming their respective airdropped tokens and to the transactions on the marketplace.\u00a0<\/span><\/p>\n

Related Reading: Ethereum Staking Reaches 16.16 million ETH Ahead of Shanghai Upgrade<\/a><\/div>\n

BLUR Token Surges Ethereum Network Activity<\/span><\/h2>\n

According to <\/span>data from Ultra Sound Money<\/span><\/a>, a total amount of 2,469 ETH worth roughly $4 million has been burned in the last seven days, removing a portion of ETH from circulation permanently, which has had a positive effect on ETH’s price.\u00a0<\/span><\/p>\n

Over the past weeks, Ethereum network activity has been trending to the upside, mirroring ETH’s surge in price. Two weeks ago, <\/span>NewsBTC reported that the amount of Ethereum burned recorded a new high<\/span><\/a> exceeding the 3,000 ETH mark.\u00a0<\/span><\/p>\n

This metric seems relatively low to the ETH burned due to the BLUR token airdrop, which <\/span>hasn\u2019t been the only new high Ethereum has recorded in the past month. In January, the Ethereum staked on the Beacon chain, the proof-of-stake blockchain, <\/span>reached an all-time high of over 16.16 million ETH<\/span><\/a>, which holds more than 13.28% of the total ETH supply.<\/span><\/p>\n

Entering The Spotlight<\/span><\/h2>\n

While the token has boosted Ethereum’s activity, the marketplace is beginning to seize the spotlight with massive recognition. According to the data provider, <\/span>Dune analytics<\/span><\/a>, the Blur NFT marketplace has gained traction, obtaining a larger share of the NFT market ecosystem.\u00a0<\/span><\/p>\n

Blur controlled 64.6% of NFT market trading volume in the past week as opposed to OpenSea\u2019s 24.4% and X2Y2\u2019s relatively low trading volume of 5.1%. Though OpenSea has the most recognition, Blur\u2019s recent airdrop has increased its popularity.<\/span><\/p>\n

Blur is an NFT marketplace and market aggregator that offers services such as advanced analytics, excellent portfolio management capabilities, and the ability to compare NFTs on multiple marketplaces.\u00a0<\/span><\/p>\n

Unlike Opensea\u2019s royalty fee, Blur takes a distinct approach of <\/span>enforcing royalty fees only when requested by creators. The platform currently does not enforce full royalties. Instead, it enables the enforcement of only a 0.5% minimum creator royalty, allowing users to pay more when purchasing an NFT item on the marketplace.\u00a0<\/span><\/p>\n

Related Reading: Ethereum Burning Reaches New High, Is ETH Warming Up For Another Rally?<\/a><\/div>\n

While the marketplace has begun to gain needed traction, its native token BLUR hasn\u2019t been left out of the equation. Amid the increase in activity, BLUR went as high as $5 before suffering a massive retracement bringing its price to as low as $0.90.\u00a0<\/span><\/p>\n

\"BLUR's
BLUR’s price moving upwards on the daily chart. Source: BLUR\/USDT TradingView.com<\/a><\/figcaption><\/figure>\n

Over the past three days, BLUR has plummeted by over 80% and trades below $1 for $0.93. BLUR still ranks #131 on CoinGecko with a market cap above $350 million. <\/span><\/p>\n

Featured image from Unsplash, Chart from TradingView.<\/div>\n","protected":false},"excerpt":{"rendered":"

While the crypto market is still in an uptrend despite the Securities and Exchange Commission’s (SEC) increase in regulatory actions, projects have been seen taking advantage of the so-called \u2018mini bull run\u2019 with new launches. NFT marketplace Blur is one of them.\u00a0 On Valentine\u2019s day, February 14, Blur airdropped its native token under the ticker BLUR. The digital asset was launched on the Ethereum blockchain to users who have actively traded NFTs on the marketplace over the past six months.\u00a0 Following the project\u2019s token airdrop, network activity on the Ethereum blockchain has soared, spiking the network\u2019s gas prices and the amount of ETH burned in a day. This network’s spike in activity can be linked to Blur users claiming their respective airdropped tokens and to the transactions on the marketplace.\u00a0 Related Reading: Ethereum Staking Reaches 16.16 million ETH Ahead of Shanghai Upgrade BLUR Token Surges Ethereum Network Activity According to data from Ultra Sound Money, a total amount of 2,469 ETH worth roughly $4 million has been burned in the last seven days, removing a portion of ETH from circulation permanently, which has had a positive effect on ETH’s price.\u00a0 Over the past weeks, Ethereum network activity has been trending to the upside, mirroring ETH’s surge in price. Two weeks ago, NewsBTC reported that the amount of Ethereum burned recorded a new high exceeding the 3,000 ETH mark.\u00a0 This metric seems relatively low to the ETH burned due to the BLUR token airdrop, which hasn\u2019t been the only new high Ethereum has recorded in the past month. In January, the Ethereum staked on the Beacon chain, the proof-of-stake blockchain, reached an all-time high of over 16.16 million ETH, which holds more than 13.28% of the total ETH supply. Entering The Spotlight While the token has boosted Ethereum’s activity, the marketplace is beginning to seize the spotlight with massive recognition. According to the data provider, Dune analytics, the Blur NFT marketplace has gained traction, obtaining a larger share of the NFT market ecosystem.\u00a0 Blur controlled 64.6% of NFT market trading volume in the past week as opposed to OpenSea\u2019s 24.4% and X2Y2\u2019s relatively low trading volume of 5.1%. Though OpenSea has the most recognition, Blur\u2019s recent airdrop has increased its popularity. Blur is an NFT marketplace and market aggregator that offers services such as advanced analytics, excellent portfolio management capabilities, and the ability to compare NFTs on multiple marketplaces.\u00a0 Unlike Opensea\u2019s royalty fee, Blur takes a distinct approach of enforcing royalty fees only when requested by creators. The platform currently does not enforce full royalties. Instead, it enables the enforcement of only a 0.5% minimum creator royalty, allowing users to pay more when purchasing an NFT item on the marketplace.\u00a0 Related Reading: Ethereum Burning Reaches New High, Is ETH Warming Up For Another Rally? While the marketplace has begun to gain needed traction, its native token BLUR hasn\u2019t been left out of the equation. Amid the increase in activity, BLUR went as high as $5 before suffering a massive retracement bringing its price to as low as $0.90.\u00a0 Over the past three days, BLUR has plummeted by over 80% and trades below $1 for $0.93. BLUR still ranks #131 on CoinGecko with a market cap above $350 million. Featured image from Unsplash, Chart from TradingView.<\/p>\n","protected":false},"author":580,"featured_media":520080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[6132,87863],"class_list":["post-520071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blur","tag-blurusdt"],"acf":[],"yoast_head":"\nBlur Token Airdrop Spikes Ethereum Gas Prices And Burn<\/title>\n<meta name=\"description\" content=\"NFT marketplace Blur launched a new token that has attracted attention but with positive consequences for the Ethereum blockchain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Blur Token Airdrop Spikes Ethereum Gas Prices And Burn","url":"http:\/\/ktsl888.com\/news\/blur-token-airdrop-spikes-ethereum-gas-prices-and-burn\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/blur-token-airdrop-spikes-ethereum-gas-prices-and-burn\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Blur-BLURUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Blur-BLURUSDT.jpg?fit=640%2C427"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["blur","blurusdt"],"dateCreated":"2023-02-17T18:00:00Z","datePublished":"2023-02-17T18:00:00Z","dateModified":"2023-02-17T18:59:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Blur Token Airdrop Spikes Ethereum Gas Prices And Burn\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/blur-token-airdrop-spikes-ethereum-gas-prices-and-burn\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/blur-token-airdrop-spikes-ethereum-gas-prices-and-burn\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Blur-BLURUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/Blur-BLURUSDT.jpg?fit=640%2C427\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"blur\",\"blurusdt\"],\"dateCreated\":\"2023-02-17T18:00:00Z\",\"datePublished\":\"2023-02-17T18:00:00Z\",\"dateModified\":\"2023-02-17T18:59:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Blur-BLURUSDT.jpg?fit=640%2C427","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/520071"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=520071"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/520071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/520080"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=520071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=520071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=520071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}