Ok, maybe calling it 'The fall' of OpenSea is a bit much...

But if two years ago you had have told us that it was going to lose its '#1 NFT Marketplace' title, to a platform (Blur) that didn't even exist yet?

We wouldn't have believed you. But here we are.

Over the past seven days, Blur has posted a cool $406M in trading volume, while OpenSea trailed behind with a total of $107M.

So, RIP OpenSea? Eh. Not so much.

Here's the rub:

Blur just gifted its users ~$360M worth of its own token (BLUR) to its user base (with some Blur traders receiving $1M+).

Which is like giving a kid $100. They're not going to save it. They're spending it on candy, immediately.

(Or in this case, .jpgs)

And it looks like thats exactly what happened, with many traders pouring their gifted tokens back into trading on the platform.

So yeah, this might not be the end of OpenSea...

But it ain't great for them!