OpenSea has processed over $39.5 billion in all-time trading volume and, after its OS2 rebuild, supports 19 blockchains, maintaining the broadest multi-chain NFT coverage. Blur charges zero marketplace trading fees, compared to OpenSea’s 0.5% fee, making it measurably cheaper for high-volume traders who execute frequent transactions across collections. OpenSea launched OS2 in February 2025, adding cross-chain token trading and an XP rewards system, while Blur focuses on sweep tools and real-time floor analytics. OpenSea CEO Devin Finzer delayed the $SEA token launch indefinitely in March 2026, citing challenging market conditions, while Blur’s BLUR token has been live since 2023. OpenSea maintains roughly 382,000 monthly active traders against Blur’s 38,300, but Blur’s per-user trading volume is significantly higher due to its professional trader base. OpenSea processed 4.29 million NFT sales worth $167 million in September 2025 alone, according to DappRadar marketplace data. During that same period, Blur continued to capture disproportionate volume from professional traders using its sweep-and-snipe workflow.
The NFT marketplace landscape in 2026 is not a single-winner contest. Each platform serves a distinct user type, and choosing the wrong one can cost creators royalty revenue or cost traders execution speed.
This comparison examines fees, chain support, tools, token incentives, and user fit using verified data from official announcements and NFT market analytics.
Fee Structure and Cost of Trading OpenSea reduced its marketplace fee from 2.5% to 0.5% with the launch of OS2 in February 2025, as confirmed in the official press release. Swap fees were removed entirely. That 80% fee reduction narrowed the gap with Blur, which charges zero marketplace fees on trades. Blur users pay only Ethereum gas fees, with no platform commission on any transaction.
Devin Finzer, co-founder and CEO of OpenSea, stated in the OS2 announcement: “This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets,” according to the company’s press release dated February 13, 2025. The fee reduction accompanied a strategic pivot toward supporting fungible tokens alongside NFTs.
For a trader executing $10,000 in monthly NFT volume, OpenSea’s 0.5% fee costs $50 per month. On Blur, that same volume incurs $0 in platform fees, though gas costs apply equally to both platforms. Over the course of a year, the difference amounts to $600, a material gap for active traders but less significant for casual collectors buying a few pieces quarterly.
Creator royalties add another dimension. Blur historically made royalties optional, favoring traders, while OpenSea enforced creator earnings through its Seaport Protocol.
Platform Features and Chain Support OpenSea’s OS2 rebuild, which exited beta on May 29, 2025, supports token trading across 19 blockchains, including Ethereum, Polygon, Flow, ApeChain, Soneium, Berachain, Arbitrum, Avalanche, Solana, and Base, as confirmed in the official blog post.
Finzer described the update: “We’ve rebuilt the platform from the ground up to become the best destination for everything on-chain, from NFTs to tokens, across chains and communities.”
Blur takes a different approach. Its product centers on Ethereum and prioritizes execution speed over chain breadth. Features include bulk listing, collection sweeping, real-time floor analytics, and portfolio tracking.
The interface resembles a professional trading terminal rather than a gallery. Blur also functions as an NFT aggregator, pulling listings from OpenSea and other platforms into a single interface for broader price discovery.
Analysis: The two platforms serve structurally different needs. OpenSea’s 19-chain support positions it as the default discovery layer for the NFT ecosystem, while Blur’s Ethereum-focused depth targets capital-efficient execution.
A creator launching a new collection benefits more from OpenSea’s reach. A trader rotating capital across floor-price opportunities benefits from Blur’s speed. Neither approach is universally superior.
Token Incentives and Loyalty Programs Blur launched its BLUR token through airdrops that rewarded trading activity, bidding near floor prices, and platform-exclusive listings. The incentive structure drew high-volume traders and temporarily pushed Blur’s market share past OpenSea’s, according to CoinMarketCap’s marketplace analysis.
Traders who listed exclusively on Blur received 100% of allocated loyalty points, while cross-platform listers received a reduced rate.
OpenSea responded with the Voyages rewards program, launched alongside OS2’s full release in May 2025. Voyages awards XP for completing quests such as cross-chain swaps, minting on new chains, or sharing galleries. The OpenSea Foundation announced the $SEA token in February 2025, designed to reward both active and historical users.
However, CEO Finzer announced in March 2026 that the $SEA launch was delayed indefinitely, citing “challenging crypto market conditions,” according to reporting from IQ.wiki. The delay leaves OpenSea without a live token while Blur’s BLUR continues to incentivize platform loyalty.
OpenSea committed 50% of platform fees to a Prize Vault starting September 15, 2025, pre-loaded with $1 million in OP and ARB tokens. That vault distributes rewards based on Treasure Chest tiers earned through platform engagement. The final rewards wave was announced concurrently with the $SEA delay, signaling a strategic pause before the token launch.
Regulatory Implications The SEC closed its investigation into OpenSea in February 2025, removing a significant legal overhang that had persisted since August 2024. That regulatory clarity contributed to OpenSea’s confidence in announcing $SEA. Blur, as a decentralized protocol with a live governance token, faces different regulatory considerations under the SEC’s evolving framework for DeFi protocols and token distributions.
What’s Next? OpenSea’s next catalyst is the eventual launch of the $SEA token, which could reshape user incentives and recapture market share from Blur among reward-motivated traders. Blur’s continued product development in professional tools and potential expansion beyond Ethereum will determine whether it can grow its 38,300 monthly active users.
The broader NFT market’s recovery from the 2022 to 2024 downturn will influence both platforms’ trajectories regardless of individual strategy.
FAQs What are OpenSea’s current marketplace fees?
OpenSea charges a 0.5% marketplace fee on NFT transactions, down from 2.5% following the OS2 platform launch in February 2025, with zero swap fees.
Does Blur charge any trading fees?
Blur charges zero marketplace trading fees on all NFT transactions, meaning buyers and sellers pay only Ethereum network gas fees, not platform commissions.
How many blockchains does OpenSea support?
OpenSea’s OS2 platform supports NFT and token trading across 19 blockchains, including Ethereum, Polygon, Solana, Base, Arbitrum, Avalanche, and Flow.
Is the OpenSea $SEA token live?
No, CEO Devin Finzer delayed the $SEA token launch indefinitely in March 2026, citing challenging crypto market conditions, and no new date has been announced.
Which platform is better for NFT creators?
OpenSea offers broader reach with 382,000 monthly active traders, multi-chain support, and enforced creator royalties, making it the stronger choice for creators.
What is Blur’s main advantage?
Blur provides zero trading fees, real-time floor analytics, bulk listing and sweeping tools, and portfolio tracking designed specifically for professional NFT traders.
Can I use both platforms simultaneously?
Yes, many traders list on both platforms, though Blur historically allocated higher loyalty points to users who listed exclusively on its marketplace.
References OpenSea OS2 Launch Press Release: https://www.prnewswire.com/news-releases/opensea-expands-to-token-trading-with-os2-launch-and-opensea-foundation-introduces-sea-302375914.html OpenSea OS2 Out of Beta Announcement: https://opensea.io/blog/articles/opensea-announces-os2-is-now-out-of-beta-token-trading-fully-live-across-19-chains-new-rewards-program-launches-and-community-hub-revamped DappRadar OpenSea Guide: https://dappradar.com/blog/opensea-nft-marketplace-token-launchpad-airdrop-features CoinMarketCap OpenSea vs Blur Analysis: https://coinmarketcap.com/academy/article/opensea-vs-blur
Onchain HighlightsDEFINITION: The relative amount (share) of gas consumed by the Ethereum network by transactions interacting with non-fungible tokens. This category includes token contract standards (ERC721, ERC1155) and NFT marketplaces (OpenSea, Blur, LooksRare, Rarible, SuperRare) for trading those.
Ethereum's gas usage by NFTs has exhibited significant shifts over the past few years, mainly as different platforms have gained and lost prominence. Recent data indicates that Blur and OpenSea have consistently dominated gas consumption since early 2024.
This reflects the increasing activity on these platforms as traders and collectors continue to engage in the NFT market. In contrast, platforms like Rarible and SuperRare show relatively lower gas usage, highlighting their smaller user bases or less frequent transactions.
Ethereum: Gas Usage by NFTs: (Source: Glassnode)Historically, significant spikes in gas usage by NFT transactions correlate with broader trends in Ethereum's price movements. For instance, the surge in early 2021 coincided with a considerable bull run in the crypto market, driving more transactions and higher gas fees. As Ethereum's price stabilized in mid-2023, NFT-related gas usage also normalized, illustrating the interconnectedness of these metrics.
The current landscape suggests that while new NFT marketplaces emerge, established platforms like Blur and OpenSea maintain relative dominance, continually influencing Ethereum's overall gas consumption patterns. This dynamic plays a crucial role in understanding the operational costs and transaction efficiency of the Ethereum network.
Ethereum: Gas Usage by NFTs: (Source: Glassnode)While relative usage may be compatible with past cycles, overall NFT gas usage has plummeted since January 2023 as a percentage of overall network activity. At its peak, gas usage broke 40%, with a consistent level above 30%. Current levels are below 4%, partly due to the increasing popularity of layer-2s like Base and side chains like Polygon and an overall downtrend in the NFT market.
PANews reported on August 6th that Pacman, co-founder of Blur and Blast, responded to netizens' questions on the X platform, saying: "Looking forward to showing you what we have coming next." It is reported that the most recent post on Blast's official X account was published on May 13th, and it has been approximately three months since then.
They were thought fit for the digital museum, stored away in the drawers of the 2021 bull market. Yet, NFTs haven’t said their last word. After months of lethargy, the market is regaining color and even surprising crypto players. Better still, they have just overtaken DeFi in number of active users, reversing a well-established trend. Behind this rebound are diverse uses and a strategy that appeals as much to brands as to seasoned investors.
In Brief NFTs recorded $530M in July, with an average price doubled to $105. DeFi reached a record $270B in total value locked, despite fewer users. Brands like Nike and Rolex explore NFTs for authentication and marketing. Hacks cost $132M in July, highlighting the ongoing fragility of the Web3 ecosystem. NFTs Lead the Dance, DeFi Holds the Cash In July, DeFi achieved a feat: $270 billion in total value locked (TVL), a historic record. But this financial triumph masks an unexpected reality: in terms of users, NFTs have taken the lead. 3.85 million daily active wallets interacted with NFT dapps, slightly more than DeFi, out of a total 22 million.
Industry dominance by UAW in the Dapp ecosystem – Source: Dapp Radar The explanation partly lies in the hegemony of Blur, capturing up to 80% of ETH volume, attracting professional traders and loan enthusiasts through its Blend protocol. OpenSea, on the other hand, remains the leader in daily active users (27,000 traders) thanks to a multichain and diversified offering. Zora attracts creators with a low-cost mint via its Layer 2 solution and its $ZORA token.
As DappRadar notes:
NFT trading volumes surged by 96%, propelling the sector ahead of DeFi in user numbers.
NFT: From Speculative Boom to the Era of Utility July figures speak: +96% trading volume ($530 million) compared to June, but -4% in transactions. Result: an average price doubled, rising from $52 to $105.
Blue-chip collections, like CryptoPunks (+25% in one month), drive this rebound: 9 of the 10 biggest NFT sales in 24 hours were Punks. Brands are not staying behind. Nike teams with EA Sports to launch virtual sneakers, Louis Vuitton and Rolex explore blockchain authentication, while Coca-Cola China tests digital collectibles.
NFT Trading Volume and Number of Sales Use cases are expanding: digital identity, event ticketing, gaming, tokenization of real assets. According to DappRadar:
NFTs are evolving from a simple trend to utility, shifting from collectibles and culture to identity, ticketing, gaming, and tokenization of real assets.
This shift towards utility marks a strategic change: fewer impulse buys, more integration into digital services.
A Web3 in Permanent Recomposition In the crypto ecosystem, the sector hierarchy changes fast. In July, gaming represented 22.4% of dapp activity, ahead of AI (18.7%) and NFTs (17.5%). DeFi, although declining in users, remains essential for capital: ETH surged 60% in a month – Ethereum’s crypto recently crossed the $4,000 mark -, and staking rewards reached 29.4% APY.
On Solana, Hyperliquid generated 35% of blockchain revenues, managing 60% of daily perpetual volume and $5.1 billion bridged in USDC. But not everything is rosy: exploits and hacks cost $132 million in July, a +16% increase from June.
Figures that redraw the Web3 ecosystem:
$270B: DeFi TVL record as of July 28; $530M: NFT volume in July, +96% month-over-month; 3.85M: daily active wallets on NFT dapps; $132M: losses due to exploits in July. Facing this picture, regulation advances: in the United States, the GENIUS Act and the CLARITY Act pave the way for smoother integration between decentralized and traditional finance. “Project Crypto”, presented by the SEC, even plans specific standards for DeFi.
NFTs are no longer just a trend: they are establishing themselves as a lever for transformation in the crypto universe. By diversifying their uses, they are creating new bridges between digital assets and traditional markets. A dynamic that could, in the long term, profoundly change how exchanges and trading are organized in Web3.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Join Our Telegram channel to stay up to date on breaking news coverage
American Bitcoin, backed by Eric Trump and Donald Trump Jr., will begin trading on the Nasdaq next week in the family’s latest move to expand its crypto empire.
The listing, secured through a merger with Gryphon Digital Mining, a publicly-listed BTC miner, fast-tracks the venture’s access to Wall Street capital without the need for an initial public offering (IPO).
As part of the transaction, Gryphon will implement a 5-for-1 reverse stock split to meet Nasdaq’s listing requirements. Gryphon Digital Mining shareholders approved the stock-for-stock merger on Wednesday, the company said in an Aug. 29 announcement.
“The Reverse Stock Split is expected to become effective as of 5:00 p.m. Eastern Time on Sept. 2, 2025,” it said.
Gryphon Digital Mining Announces Merger with American Bitcoin. Read the press release here: https://t.co/vtsk5yIzLJ $GRYP @AmericanBTC pic.twitter.com/Xg6JyUJ0tU
— Gryphon Digital Mining (@GryphonMining) May 12, 2025
The stock split means that every 5 shares held prior to the merger will become one share.
That will see the number of Gryphon Digital Mining shares get slashed from around 82.6 million to 16.6 million, before shares from the merger are added.
The company said that the overall value of the shares won’t change, just the stock price for each share. This is being done to meet the Nasdaq’s minimum share price requirement for listing.
After the merger closes, the stock will begin trading as Class A Common Stock under the ticker “ABTC.”
The shareholder vote and subsequent merger follows an initial agreement in May under which American Bitcoin would go public by merging with Gryphon Digital Mining.
Gryphon Digital Mining Shares Slump 10.5% Earlier this week, Gryphon Digital Mining’s shares surged after news of the merger broke. But yesterday they plunged 10.47%.
There was, however, some buying activity during the after-hour session, which saw the firm’s stock price climb over 1%, data from Google Finance shows.
Gryphon Digital Mining share price (Source: Google Finance)
Despite the recent pullback, the company’s stock is still up more than 17% over the past week and 54% on the monthly time frame.
American Bitcoin Set To Join Bitcoin Treasury Race American Bitcoin debuted in March after Eric Trump and Donald Trump Jr rebranded American Data Center under the new name. The venture was launched in collaboration with Hut 8, a crypto mining and infrastructure company who holds 80% of the firm’s shares.
When it was launched, American Bitcoin was positioned as a “pure-play” Bitcoin mining company with the aim to add a large amount of BTC to its balance sheet.
American Bitcoin has officially disclosed holdings of 215 BTC. With the upcoming access to public markets, American Bitcoin will be able to raise more capital and increase its BTC holdings..
That’s as the Bitcoin treasury race heats up, with 310 companies collectively holding 3.68 million BTC on their balance sheets, data from Bitcoin Treasuries shows.
Related Articles: CFTC Clears Way For Offshore Crypto Exchanges To Service US Investors 21Shares Files For Spot SEI ETF, Joining 92 Crypto ETF Pipeline Ethereum NFT Project Doodles Joins Kaito AI For An NFT Leaderboard Best Wallet - Diversify Your Crypto Portfolio
Our Rating
Easy to Use, Feature-Driven Crypto Wallet Get Early Access to Upcoming Token ICOs Multi-Chain, Multi-Wallet, Non-Custodial Now On App Store, Google Play Stake To Earn Native Token $BEST 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
Join Our Telegram channel to stay up to date on breaking news coverage
Elon Musk’s personal lawyer Alex Spiro will chair a new public company that plans to raise at least $200 million to create a Dogecoin (DOGE) treasury firm.
That’s according to a Fortune report that cited sources familiar with the matter who said the exact launch date and corporate structure of the digital asset treasury company is still unknown. It added that the entity is still in the pitching stage.
But the initiative also has the endorsement of House of Doge, a corporate entity that was launched in early 2025 by the Dogecoin Foundation, the report said.
Despite the news, the DOGE price slid over 1% in the past 24 hours to trade at $0.2174 as of 1:50 a.m. EST in line with a broad pullback that saw the crypto sector’s market cap drop over 2% to around $3.77 trillion.
DOGE price chart (Source: CoinMarketCap)
The meme coin has plunged more than 8% in the past week.
Number Of Dogecoin Treasuries Is Slowly Growing Up until now, crypto market leaders Bitcoin (BTC) and Ethereum (ETH) have been the preferred treasury cryptos, but there is growing interest from companies looking to build DOGE reserves.
In February, a Vancouver-based company called Neptune Digital Assets disclosed that it bought 1 million Dogecoin through a strategic derivative purchase. The average price for this buy was $0.37 per token. The company also bought 20 BTC as part of an effort to diversify its treasury.
In July, a Nasdaq-listed company called Bit Origin also announced that it had raised $500 million in debt and equity financing to build its own treasury around the meme coin. This made it the first US-traded company to openly disclose plans to add DOGE to its treasury.
Musk’s own electric vehicle company, Tesla, has also disclosed that it has a position in DOGE, without providing details of its holdings. The car manufacturer started accepting DOGE for select merchandise back in 2022.
Musk Has A History With DOGE Musk has a history with the meme coin that started all the way back in 2019, and he has referred to himself as ”The Dogefather.”
In April 2019, he made his first public comments about DOGE when he said, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
Dogecoin might be my fav cryptocurrency. It’s pretty cool.
— Elon Musk (@elonmusk) April 2, 2019
In July 2020, he posted the comment “It’s inevitable” on Twitter, as it was then known, with a Dogecoin-themed image that suggested the crypto could become a dominant force in the global financial system.
When asked to explain DOGE during a “Weekend Update” segment of Saturday Night Live in May 2021, he said it is “the future of currency,” adding that it will “take over the world.”
Related Articles: CFTC Clears Way For Offshore Crypto Exchanges To Service US Investors 21Shares Files For Spot SEI ETF, Joining 92 Crypto ETF Pipeline Ethereum NFT Project Doodles Joins Kaito AI For An NFT Leaderboard Best Wallet - Diversify Your Crypto Portfolio
Our Rating
Easy to Use, Feature-Driven Crypto Wallet Get Early Access to Upcoming Token ICOs Multi-Chain, Multi-Wallet, Non-Custodial Now On App Store, Google Play Stake To Earn Native Token $BEST 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
BlackRock’s 2026 Thematic Outlook positions Ethereum as core financial infrastructure rather than a speculative asset. The report frames the network as a potential “toll road” for tokenized assets—capturing value through issuance, settlement, and transaction fees as real-world assets move onchain. For investors, the central question is whether growth in tokenization activity can translate into durable economic demand for ETH.
In brief BlackRock positions Ethereum as tokenization infrastructure, but avoids linking market share directly to ETH price. Rollups now secure most activity and value, weakening assumptions that tokenization growth boosts ETH fee demand. Filtered stablecoin data shows headline volumes overstate real usage, reshaping how investors assess onchain economics. Multi-chain tokenization via BlackRock’s BUIDL shifts focus from dominance to settlement paths, fees, and demand. According to BlackRock, more than 65% of tokenized assets currently reside on Ethereum. This makes the network the leading base layer for tokenization today. However, the report stops short of drawing a direct link between this share and ETH’s price performance.
Instead, it emphasizes where economic activity ultimately settles and which networks capture fees as tokenized cash and securities circulate across blockchains.
Stablecoin data is critical to that analysis. BlackRock notes that transaction volumes in its materials are adjusted to remove “inorganic activity,” such as bot-driven transfers. The firm references Coin Metrics and Allium data presented through Visa’s Onchain Analytics dashboard.
This filtering approach highlights a key limitation of raw onchain metrics: headline transfer volumes can significantly overstate real economic use, particularly when investors attempt to infer throughput or fee generation.
Ethereum’s current market share should be viewed as a snapshot, not a permanent outcome. Data from late January shows meaningful variation depending on timing and methodology. RWA.xyz’s directory view lists Ethereum with a 59.84% share of tokenized real-world assets, representing roughly $12.8 billion in value as of Jan. 22.
A separate networks view from the same platform shows Ethereum leading by value as well, with approximately $13.43 billion excluding stablecoins, based on data time-stamped around Jan. 21.
The gap between these figures and BlackRock’s early January estimate underscores how quickly tokenization data can shift. Issuance is expanding across multiple chains, while reporting windows and asset classifications change from week to week.
Tokenization Growth Doesn’t Guarantee ETH Fees as Rollups Take Center Stage For ETH holders, institutional adoption alone is not the deciding factor. What matters is whether tokenization activity settles in ways that generate demand for ETH through fees or collateral.
BlackRock’s thesis favors Ethereum as the base settlement layer for tokenized assets. That role, however, becomes more complex as execution increasingly moves off the main chain. Rollups already secure large pools of value while handling most user activity.
According to L2BEAT, Arbitrum One secures approximately $17.52 billion, and Base about $12.94 billion. Meanwhile, OP Mainnet holds around $2.33 billion, with all three classified as Stage 1 rollups.
This rollup-centric structure complicates the “toll road” analogy in several ways:
Ethereum can remain the final settlement and security layer even if users rarely transact on L1. Fee payment assets vary by rollup, affecting how much value flows back to ETH. Execution costs increasingly accrue to L2s, shifting where day-to-day activity appears. Security is inherited from Ethereum, but revenue capture is not guaranteed. Growth in rollup TVL does not automatically translate into higher L1 fee revenue. Tokenized cash is a potential driver of future transaction volume. Citi’s stablecoin report projects issuance reaching $1.9 trillion by 2030 in a base case and $4.0 trillion in a bull case. Assuming a 50x velocity, Citi estimates annual transaction activity between $100 trillion and $200 trillion. At that scale, even small shifts in settlement share across networks could have meaningful economic implications.
BlackRock and Visa Cast Doubt on Raw Stablecoin Transfer Metrics As volumes grow, measurement becomes increasingly important. Visa has argued that stablecoin transfer data contains substantial “noise.”
In one example, Visa found that reported 30-day stablecoin transfer volume fell from $3.9 trillion to $817.5 billion after excluding inorganic activity. BlackRock’s reliance on similar filtering methods reinforces its focus on economically meaningful usage rather than headline flow metrics.
If the “toll road” model depends on settlement, then organic demand that cannot be easily replicated elsewhere becomes the key variable. Multi-chain product design weakens any simple connection between tokenization growth and ETH demand.
Multi-Chain Tokenization Reshapes Ethereum’s Role as Settlement Layer BlackRock’s tokenized fund, BUIDL, already operates across seven blockchains, with cross-chain interoperability provided by Wormhole. This architecture allows other chains to function as distribution and execution layers, even if Ethereum retains an advantage in settlement credibility or issuance value.
Several dynamics now shape how investors interpret tokenization data:
Asset issuance spreading across multiple L1s and rollups. Stablecoin metrics increasingly adjusted to remove bot activity. Rollups altering where fees are paid relative to where security resides. Institutional products reducing reliance on any single platform. Settlement location becoming more important than raw transaction volume. Questions have also emerged around whether institutional tokenization will converge on a single ledger. During Davos week, that idea circulated online following remarks attributed to BlackRock CEO Larry Fink. However, World Economic Forum materials released this month emphasize tokenization benefits such as fractional ownership and faster settlement without endorsing the view that all assets will ultimately settle on one blockchain.
Ethereum’s unresolved issue is whether neutrality and decentralization can be maintained as regulated tokenization scales. Claims of transparency depend on resistance to unilateral change and on settlement finality that downstream layers rely on.
Current data shows rollups expanding under Ethereum’s security umbrella. At the same time, BUIDL’s multi-chain rollout suggests that major issuers are actively hedging against dependence on a single platform.
BlackRock’s “toll road” framing established a clear market-share benchmark above 65% earlier this year. By late January, however, RWA dashboards and new product launches suggested that the near-term debate is less about dominance. Instead, it was more about settlement paths, fee capture, and how organic usage is measured across the tokenized asset ecosystem.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
James G.
James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
PANews reported on April 21 that, according to SoSoValue data, the cryptocurrency market saw a slight rebound, with the NFT sector performing particularly well, leading the gains with a 3.80% increase in the past 24 hours. Among them, Blur (BLUR) rose 13.35%, and Pudgy Penguins (PENGU) rose 7.50%. Meanwhile, Bitcoin (BTC) rose 1.73%, returning above $76,000; Ethereum (ETH) rose 1.28%, breaking through $2,300.
In other sectors, the SocialFi sector rose 5.63% in the last 24 hours, with Toncoin (TON) and Chiliz (CHZ) rising 5.62% and 12.54% respectively; the Meme sector rose 1.66%, with Binance Life rising 10.37%; the Layer 2 sector rose 1.53%, with ImmutableX (IMX) rising 7.38%; the PayFi sector rose 1.42%, with Safe (SAFE) rising 7.91%; the CeFi sector rose 1.39%, with Gate (GT) rising 2.79%; the Layer 1 sector rose 1.16%, with Canton Network (CC) rising 5.06%; and the DeFi sector rose 0.40%, with Curve DAO (CRV) rising 4.10%.
PANews reported on April 23 that, according to SoSoValue data, most sectors in the crypto market rose, with the NFT sector performing particularly well, rising for the third consecutive day and gaining another 2.63% in the last 24 hours. Among them, Pudgy Penguins (PENGU) rose 8.88%, Blur (BLUR) rose 8.32%, and Audiera (BEAT) and Zora (ZORA) rose 3.17% and 3.64% respectively. Meanwhile, Bitcoin (BTC) rose 2.76%, breaking through $78,000; Ethereum (ETH) rose 2.09%, approaching $2,400.
In other sectors, the Layer 2 sector rose 1.14% in the last 24 hours, with Starknet (STRK) up 18.56%; the Meme sector rose 1.12%, with SPX6900 (SPX) up 14.87%; the DeFi sector rose 0.85%, with Genius (GENIUS) up 16.71%; the CeFi sector rose 0.83%, with Bitget Token (BGB) up 3.08%; the Layer 1 sector rose 0.58%, with Canton Network (CC) up 2.65%; the PayFi sector fell 0.24%, but Ultima (ULTIMA) rose 5.94%.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
5 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
5 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
5 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
5 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
5 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
Quick Answer: Blur is a professional NFT marketplace and aggregator built for active traders, launched in October 2022. It charges 0% marketplace fees (vs OpenSea’s 0.5%), offers real-time floor analytics, batch buying and listing, collection-level bids, and the Blend peer-to-peer NFT lending protocol — all on Ethereum only. In 2026, Blur remains the dominant NFT marketplace by trader volume per active user, though OpenSea reclaimed the broader market after its SEA token announcement in February 2025 drove its share from 25% to 71.5% overnight. Blur’s BLUR token has declined from an ATH of $5.02 to approximately $0.02 as of May 2026.
Key Takeaways:
Blur charges 0% marketplace fees — the lowest of any major NFT platform; creators receive a minimum 0.5% royalty Built for pro traders: batch operations, collection bids, real-time portfolio analytics, floor sweep tools Blend (Blur Lending) allows NFT holders to borrow ETH against their NFTs with no fixed fees and no expiry dates Ethereum-only as of May 2026 — no Solana, Polygon, or multi-chain support BLUR token distributes rewards to active traders; price at ~$0.02 in May 2026, down 99.6% from ATH What Is Blur NFT? Blur is an Ethereum NFT marketplace and aggregator founded in 2022 by Tieshen Roquerre and Anthony Liu — known in the crypto community by their pseudonyms Pacman (MIT graduate, Peter Thiel Fellow) and Galaga. Backed by Paradigm, one of crypto’s most respected venture capital firms, Blur launched in October 2022 and rapidly became the largest NFT marketplace by volume within months of its debut.
Blur’s core philosophy is explicit: it is a platform for professional traders, not casual collectors. While OpenSea was designed to make NFT buying accessible to everyone, Blur was designed to make NFT trading fast, data-rich, and cost-efficient for users who trade NFTs like stocks — placing collection bids, sweeping floors, managing multi-position portfolios, and executing bulk operations in seconds.
The platform includes four main products:
Blur Marketplace — the core NFT trading venue with 0% fees and real-time analytics Blur Aggregator — routes orders across Blur and competing marketplaces to find best prices Blend — peer-to-peer perpetual NFT lending and borrowing protocol with no fixed fees BLUR token — governance and rewards token distributed to active platform participants How Does Blur Compare to Other NFT Marketplaces? Blur occupies a specific niche in the 2026 NFT landscape: the professional trader venue, while OpenSea has reclaimed the mass market and Magic Eden dominates Solana.
FeatureBlurOpenSea (OS2)Magic EdenMarketplace fee0%0.5%0%–2%Creator royaltyMin 0.5% (optional)EnforcedOptionalChainsEthereum only19 chainsSolana + EVMNFT lendingYes (Blend)NoNoBatch listing/buyingYesYesLimitedCollection bidsYesLimitedYesMobile appNoYesYesMonthly active users~38,300~382,000~200,000+Native tokenBLUR (~$0.02)$SEA (planned)$MEBLUR rewardsYesNoYes (ME rewards) Blur leads on fee efficiency for pure ETH NFT trading. OpenSea leads on chain breadth and user base. Magic Eden leads on Solana and multi-chain coverage. For traders who exclusively trade Ethereum-native collections (BAYC, CryptoPunks, Azuki, Pudgy Penguins), Blur’s zero-fee model and batch tooling provide measurable cost and speed advantages.
Blur NFT Marketplace Features Zero Marketplace Fees Blur charges 0% marketplace fees — the most competitive fee structure among major NFT platforms. OpenSea charges 0.5%, Rarible charges up to 2.5% on secondary sales, and Foundation charges 5%. For high-volume traders who might execute 50+ trades per week, Blur’s zero-fee structure can save thousands of dollars annually compared to platforms with standard fee structures.
Creator royalties on Blur are optional with a minimum floor of 0.5% — a controversial design choice that reduced creator income but dramatically increased trader adoption. Collections can set their royalties, but traders have discretion on whether to honor them above the 0.5% minimum.
Real-Time Portfolio Analytics Blur’s interface displays live floor prices, bid-ask spreads, collection depth, and rarity data updating every four seconds. Traders can see their entire NFT portfolio’s performance, unrealized gains/losses, and market depth across all held collections from a single dashboard. This analytics depth has no equivalent on OpenSea or Magic Eden.
Collection Bids Blur’s collection bidding system allows traders to place standing bids on entire collections rather than individual NFTs. A collection bid at 0.5 ETH on Pudgy Penguins means any seller who lists at or below that price has their NFT instantly purchased at the bid price. This creates a functioning order book for NFTs — a system that OpenSea did not have during Blur’s peak market share period.
Batch Listing and Buying (Floor Sweeping) Users can list multiple NFTs simultaneously with customized pricing, adjust multiple listings at once, and “sweep the floor” — buying the cheapest available NFTs across an entire collection in one transaction. Floor sweeping is a core professional strategy for accumulating positions at the cheapest available prices, and Blur’s implementation is the fastest and most gas-efficient of any marketplace.
NFT Aggregation Blur aggregates listings from OpenSea, X2Y2, LooksRare, and other marketplaces alongside its own. When a user buys an NFT on Blur, the platform automatically routes to the cheapest available listing across all integrated venues. This means users get the best available price without manually checking competing platforms.
Blend: Blur’s NFT Lending Protocol Blend (Blur Lending) is a peer-to-peer perpetual NFT lending protocol built directly into Blur, developed in partnership with Paradigm and launched in May 2023. It is one of the most significant financial innovations in NFT infrastructure.
How Blend works:
Borrowing: An NFT holder who needs liquidity deposits their NFT as collateral and receives an ETH loan. The loan has no fixed expiry date — it continues until either the borrower repays or the lender calls the loan Lending: ETH holders who want yield deposit ETH against an NFT as collateral. They earn interest payments from the borrower Buy Now, Pay Later: Blur’s BNPL feature allows buyers to purchase an expensive NFT with a portion of the price upfront, borrowing the remainder against the NFT itself — effectively a down-payment model for premium collections No fees: Blend charges no fees to borrowers or lenders on either borrowing, lending, or repayment Liquidation: If a lender calls a loan and the borrower cannot repay, the NFT goes to a Dutch auction. If no buyer meets the floor price, the lender takes possession of the NFT as collateral Blend generated significant controversy in 2024 when falling NFT floor prices triggered mass liquidations. Borrowers who had taken ETH against BAYC or Azuki NFTs saw their collateral liquidated at prices far below their original value. Blur’s co-founder acknowledged that some collections’ floor prices declined after launch but noted others increased — reflecting the double-edged nature of adding leverage to illiquid asset markets. Despite this, Blend remains live and active, and represents the most developed NFT-native lending infrastructure available on any marketplace.
BLUR Token BLUR is Blur’s native governance and rewards token, launched January 14, 2023, through an airdrop to platform users. It has a maximum supply of 3 billion tokens.
MetricValue (May 2026)TokenBLURPrice~$0.02Market Cap~$200MCirculating Supply~10B+ATH$5.02 (Feb 2023)ATH Drop~99.6% How to earn BLUR: BLUR tokens are distributed to users who actively participate in the platform. Eligible activities include:
Listing NFTs for sale on Blur Placing collection bids Trading volume generated on the platform Lending and borrowing through Blend The points-to-token system rewards the highest-volume, most active traders most heavily — a deliberate incentive mechanism to attract professional traders away from competing platforms. This strategy was central to Blur capturing 60%+ of Ethereum NFT volume within six months of launch.
BLUR token use cases:
Governance: BLUR holders vote on platform parameters, fee structures, and protocol development Staking: stake BLUR to participate in governance and access enhanced rewards multipliers Season rewards: BLUR is distributed in “seasons” based on accumulated platform points The BLUR token’s decline from $5.02 to $0.02 mirrors the broader NFT market correction. Its circulating supply has increased significantly through ongoing reward distributions, adding sell pressure. As with most marketplace governance tokens, BLUR’s price has not tracked the platform’s trading volume or operational performance.
Blur in 2026: Market Position Blur’s 2026 position reflects both its genuine strengths and the brutal competitive dynamics of the NFT market.
Where Blur leads: On August 4, 2025, Blur remained the largest NFT marketplace by volume on that specific day with Courtyard as the top collection. On July 14, 2025, Pudgy Penguins and Blur dominated the NFT market with combined activity leading all platforms. These data points confirm Blur still captures significant professional trading activity, particularly during high-volume days for major Ethereum collections.
Where OpenSea reclaimed ground: When OpenSea announced the SEA token in February 2025, traders migrated to qualify for the airdrop. OpenSea’s share jumped from 25.5% to 71.5% in a single week. By 2026, OpenSea has 382,000 monthly active users compared to Blur’s approximately 38,300. The OpenSea OS2 rebuild — with 19 chains, 0.5% fees, and a complete UX overhaul — has positioned it as a more compelling platform for casual and semi-professional users.
NFT market context: NFT supply hit 1.34 billion tokens in 2025, but sales dropped 37% to $5.6 billion, reflecting an industry-wide oversupply problem that has suppressed volume across all marketplaces. Blur’s daily volume, which peaked near $100 million in early 2023, now averages around $3 million — a 97% decline that mirrors the broader market contraction.
Blur Pros and Cons Pros:
0% marketplace fees — lowest cost of any major NFT platform Professional-grade analytics: real-time floor data updating every 4 seconds Collection bids function as an order book — a genuine innovation over earlier marketplaces Floor sweep and batch listing/buying for efficient portfolio management Blend: most developed NFT lending infrastructure available BLUR token rewards active traders — meaningful for high-volume participants Aggregator routes to cheapest available price across all integrated platforms Cons:
Ethereum only — no Solana, Base, Polygon, or multi-chain support in 2026 No mobile app — desktop only, interface is data-dense and intimidating for beginners BLUR token down 99.6% from ATH; token inflation from ongoing reward distributions Creator royalties effectively optional above 0.5% — unpopular with NFT artists Blend liquidations created significant controversy in 2024 bear market Monthly active user base (38,300) is dramatically smaller than OpenSea (382,000) Blast connection: Blur’s founder launched Blast L2 which lost 97% of TVL How to Use Blur NFT Marketplace Step 1: Connect your wallet Visit blur.io and connect an Ethereum-compatible wallet — MetaMask, Coinbase Wallet, or Ledger. No account creation or KYC required.
Step 2: Browse collections Use the Collections tab to browse Ethereum NFT collections with live floor prices, 24-hour volume, bid-ask spreads, and rarity data. Filter by volume, floor price, or recent activity.
Step 3: Buy an NFT Select a collection, view individual listings, and purchase at the listed price. Or use “Sweep” to buy multiple floor-priced NFTs in a single transaction. Blur routes to the cheapest available listing across all aggregated marketplaces.
Step 4: List an NFT Go to your Portfolio tab, select the NFT(s) to list, set your price, and submit. Batch listing allows you to price multiple NFTs simultaneously.
Step 5: Place collection bids In the collection’s bid book, enter your offer price and ETH amount. Your bid is visible to all sellers. If any seller accepts a price at or below your bid, the NFT is automatically purchased.
Step 6: Use Blend (lending) Access Blur’s lending interface to borrow ETH against your NFTs or lend ETH to earn interest. Set loan terms and manage positions from the Loans dashboard.
Where to Buy BLUR Token Centralized exchanges (CEX):
Binance — BLUR/USDT and BLUR/BTC; highest global liquidity Coinbase — BLUR/USD available for US users Kraken — BLUR/USD and BLUR/EUR KuCoin — BLUR/USDT with competitive fees Gate.io — BLUR/USDT available globally OKX — BLUR/USDT with spot and margin options Decentralized exchanges (DEX):
Uniswap (Ethereum): BLUR/ETH and BLUR/USDC pools Blur itself: BLUR can be earned through platform activity and traded via Uniswap integration Contract address: 0x5283d291dbcf85356a21ba090e6db59121208b44 (Ethereum)
Always verify the contract address on CoinGecko or CoinMarketCap before purchasing on a DEX.
Frequently Asked Questions What is Blur NFT? Blur is a professional NFT marketplace and aggregator on Ethereum, launched in October 2022. It charges 0% marketplace fees, offers real-time analytics, batch trading, collection bids, and the Blend NFT lending protocol. Built for active traders rather than casual collectors, Blur was the dominant NFT marketplace by volume throughout 2023 and remains a leading platform for high-frequency Ethereum NFT trading in 2026.
How to list an NFT on Blur? Connect an Ethereum wallet (MetaMask, Coinbase Wallet, or Ledger) at blur.io. Navigate to your Portfolio tab, select the NFT(s) you want to list, set your asking price, and submit the listing transaction. Batch listing allows you to list multiple NFTs simultaneously with customized prices per item. Blur will display your listing alongside OpenSea and other aggregated marketplaces.
What is Blur NFT marketplace fee? Blur charges 0% marketplace fees on all trades — the lowest of any major NFT platform. Sellers and buyers pay no platform fee. Creator royalties are optional with a minimum floor of 0.5%. Users pay only Ethereum gas fees for on-chain transactions, which vary by network congestion. On high-congestion days, gas can exceed $20–$50 per transaction on Ethereum mainnet.
What is Blur lending (Blend)? Blend is Blur's peer-to-peer NFT lending protocol. NFT holders can deposit their NFTs as collateral to borrow ETH with no fixed loan expiry and no fees. ETH holders can lend against NFT collateral to earn interest. Blend also powers a "Buy Now, Pay Later" feature for expensive collections. Lenders can call the loan at any time; if the borrower cannot repay, the NFT goes to a Dutch auction with the lender receiving the proceeds or the NFT itself.
How to sell NFT on Blur? Connect your wallet at blur.io, go to your Portfolio, select the NFT to sell, and create a listing at your target price. You can also accept existing collection bids for instant liquidity at the current best bid price. Blur aggregates visibility across multiple marketplaces, so your listing is visible to buyers across integrated platforms, not only Blur's native users.ShareContentThe theoretical threat of quantum computers to Bitcoin’s cryptographic security now has a dollar figure: $469 billion. That’s the value of 6.04 million BTC, or 30.2% of the total issued supply, whose public keys are exposed on-chain today and could be exploited if a sufficiently powerful quantum compastedQuick Answer: AMP is currently trading near $0.000841, down roughly 99.3% from its June 2021 all-time high of $0.1208. Third-party forecasts for 2026 range widely — from $0.0009 on the bearish end (CoinCodex) to $0.0100 on the bullish end (PricePrediction.net) — with the base-case consensus sitting pasted
PANews, June 18 – According to an official announcement, following a recent review, Binance will add the Monitoring Tag to the following tokens on June 18, 2026: Act I : The AI Prophecy (ACT), Blur (BLUR), PIVX (PIVX), and QuarkChain (QKC). Tokens with the Monitoring Tag may exhibit higher volatility and risks compared to other listed tokens. Binance will closely monitor and continuously review them. Trading these tokens with the Monitoring Tag carries risks, as they may no longer meet listing criteria and could be subject to delisting.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
4 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
4 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
4 minutes ago
Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
4 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
4 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
