Odaily Planet Daily News At the beginning of 2022, OpenSea accounted for about 97% of the Ethereum NFT market transaction volume. Just two years later, the platform seemed to shrink in the fierce competition, and its market share fell to just below 20%, and even fell to 13% in the summer of 2024. However, in the 10 months since then, OpenSea's share of Ethereum NFT market transaction volume has steadily climbed and now exceeds 51%. However, analysts believe that OpenSea's "return" in market share and market capacity is not because the OpenSea protocol itself performs well, but because its main competitor Blur performs poorly on a relative competitive basis. Since reaching its latest peak in December 2024, Blur's monthly NFT transaction volume has continued to decline, with an average monthly decline rate of 55%. Over the same period, OpenSea’s monthly NFT trading volume varied more, falling 48% from December to January, but rising 20% in February due to the launch of the SEA token. It is worth noting that both OpenSea and Blur saw similar month-over-month declines in March, with the former falling 67% and the latter falling 62%. (The Block)