NFT platform BLUR rises 22% on Binance adoption and optimism | CoinDesk JAPAN

BLUR, the native token of NFT platform Blur, soared 22% on the 24th after it was adopted by major crypto exchange Binance for its conversion function.

Increase the upside from the past week’s rise

The Convert feature is aimed at Binance’s retail customers, allowing them to buy and sell assets without going through the traditional order book.

According to CoinMarketCap, BLUR rose from $0.55 to a peak of $0.64 after it started trading on Binance. The price has already doubled in the past week, but the price has increased even further.

On the 24th, the entire crypto asset market continued to rise, with Bitcoin (BTC) hitting its highest price since May 2022.

The launch of Blast was also a factor in the increase.

BLUR performed particularly well following the launch of Blast, a Layer 2 network developed by the same developers as Blur.

Blast started operations this week and has already received more than $400 million (approximately 60 billion yen, at an exchange rate of 150 yen to the dollar). An airdrop is planned for May.

The trading volume of BLUR trading pairs in the past 24 hours has been just under $1 billion (approximately 150 billion yen) as speculators look to cash in on the increased attention on Blast.

Blast has come under fire from some in the crypto community, with some saying its referral scheme resembles a pyramid scheme.

｜Translation and editing: Rinan Hayashi
｜Image: TradingView
｜Original text: NFT Platform Blur’s Token Jumps 22% Amid Binance Listing and Blast Optimism