Blur Token Surges 22% Following Binance Listing and NFT Boom

• Strong Performance by BLUR Token of NFT Platform Blur
• BLUR Token's Value Steadily Increases
• Blast - The Successful Launch by Blur Team
• Controversy Surrounding Blast's Referral Scheme
• More on Blur: NFT Marketplace Blur Introduces Peer-to-Peer Lending Platform Blend

Strong Performance by BLUR Token of NFT Platform Blur

BLUR, the native token of the non-fungible token (NFT) platform Blur, experienced a significant surge of 22% on Friday following its listing on Binance's convert feature. This event marks a favourable stride for Binance's retail customers, as the convert feature provides the ability to buy and sell assets bypassing the traditional order book.

BLUR Token's Value Steadily Increases

On the day of the listing, the token's value escalated from $0.55 to a notable $0.64, enhancing an already growing trend which has witnessed the token's value double in just a week, as reported by CoinMarketCap. This progress took place alongside the broader cryptocurrency market's rally, with Bitcoin$42,260 -0.64% (BTC) reaching its zenith since May 2022.

Blast - The Successful Launch by Blur Team

Blur's performance has garnered praise following the successful launch of Blast, a layer 2 network established by the same team behind Blur. Since its launch earlier in the week, Blast has acquired over $400 million in deposits and is expected to administer an airdrop in May. As a result, the trading volume of BLUR trading pairs has approached $1 billion in the past 24 hours, with speculators aiming to capitalize on the excitement surrounding Blast.

Controversy Surrounding Blast's Referral Scheme

Despite its success, Blast has faced some criticism within certain segments of the crypto community due to its referral scheme. Some community members have compared it to a pyramid scheme, sparking a degree of controversy.

More on Blur: NFT Marketplace Blur Introduces Peer-to-Peer Lending Platform Blend

Blur continues to innovate in the NFT space with the launch of Blend, a peer-to-peer lending platform. This development provides yet another example of Blur's commitment to expanding the use cases of NFTs and cryptocurrency technology.

Edited by Jonathan Stoker