NFT Platform Blur's Token Jumps 22% Amid Binance Listing and Blast Optimism
The BLUR token from the non-fungible token (NFT) platform Blur saw a 22% rise after being listed on Binance's convert feature, a change that enables users to trade assets without using a traditional order book. The token's value rose from $0.55 to $0.64 after being listed, and it has seen its value double in the past week. BLUR's success came as Bitcoin reached its highest point since May 2022, amid a broader cryptocurrency market rally. Also contributing to Blur's performance is the launch of Blast, a layer 2 network developed by the Blur team, which garnered over $400 million in deposits and announced an airdrop for May. Although there has been criticism over Blast's referral scheme, with critics likening it to a pyramid scheme, trading volume for BLUR trading pairs is almost $1 billion in the past 24 hours.
