Before Blur, there was no speedy NFT trading platform available for professional traders, and pricing was distorted between NFT marketplaces due to the lack of liquidity depth across marketplaces and the wide bid-ask spreads.
With Blur’s introduction, it quickly achieved robust product-market fit (PMF) in a short amount of time, with the Blur bidding pool achieving an all-time high TVL of $150M worth of ETH on March 4, making this the deepest liquidity the NFT space has ever seen.
Blur’s bid pool order book has made the NFT market more efficient with tighter bid-ask spreads, although the bid side is currently inflated as a result of BLUR incentives.
