Research Summary
The report discusses the impact of Blur in the Ethereum NFT trading space, highlighting its dominance due to its pro-trading interface and airdrop incentives. Blur has recently launched Blend, a new NFT lending platform, which has seen significant growth. However, there are concerns about whether the lending activity is driven by organic factors or airdrop farming.
Actionable Insights
- Monitor Blur’s Performance: Blur has established itself as a dominant player in the Ethereum NFT trading space. Its recent launch of Blend, an NFT lending platform, has experienced significant growth. Stakeholders should monitor Blur’s performance to understand its impact on the NFT market.
- Investigate Lending Activity: There are questions about whether Blend’s lending activity is driven by organic factors or airdrop farming. Further investigation is needed to understand the sustainability of Blend’s growth.
