Blur Wraps Season 2, Starts Season 3 With a Blast
Blur concluded Season 2, making strides in NFT trading share and lending, and officially kicked off Season 3 with new rewards and a major partnership with Blast, a new L2 on Ethereum.
- Season 2 statistics: $6.1billion in trading volume, more than 260K unique users, and 65% average market share.
- Season 3 introduction: Powered by Blast, offering airdrops and new rewards.
- Unique features: Blast's native yield for ETH and stablecoins, enhancing the Blur ecosystem.
In Season 2, Blur redefined the NFT marketplace, dominating Ethereum's NFT trading with $6.1 billion in trading volume and amassing more than 260,000 unique users. In addition to NFT trading, the platform pushed the financialization of NFTs with Blur Lending (Blend), which quickly became a top lending protocol.
Season 3 began immediately after the conclusion of Season 2 last night, powered by a new partnership with Blast, a Layer 2 solution with native yield backed by major players like Paradigm and Standard Crypto. Blast was built by a team led by Blur founder, Pacman.
Season 3's rewards are uniquely structured, with a 50-50 split between $BLUR holders and NFT traders. Holders earn points for holding $BLUR, while traders accumulate points through active engagement in the marketplace. This dual reward system is designed to incentivize both investment and participation in the Blur platform.
Blast emerges as new face in the Layer 2 landscape. It aims to differentiate itself by offering native yield for ETH and stablecoins on the blockchain. This approach aims to attract liquidity by offering higher yields, a strategy aligned with the principle that markets move towards efficiency.
The underlying philosophy of Blast is to create an ecosystem where assets don't just retain their value but grow over time. This is achieved through participation in ETH staking and on-chain T-Bill protocols, ensuring that assets like ETH and stablecoins appreciate in value while on the platform.
📊 By the Numbers
Despite falling shortly after the Season 2 airdrop claim, $BLUR is up 7.6% in the last 24 hours to $0.36.
🎤 Platform Prose
Why another L2? Blast is built on the principle that markets march towards efficiency. More specifically, liquidity flows to where it can get the highest yield.Blast
🎬 Take Action
Users can start earning Blur Season 3 rewards by listing, buying, and holding the $BLUR token. Blast is currently in early access and is invite only.
For more web3 and NFT news, visit the Lucky Trader newsfeed.