PASS

Blur (BLUR)

NFT marketplace token that temporarily dominated OpenSea via airdrop-fueled volume incentives, but NFT market collapse and massive releases destroy the setup

Ranked 213th of 251 rated tokens. Scoring pass 11 Jun 2026.

Score
84/250
213th of 251
Percentile
15.5%
of the rated universe
Circulating
95.3%
4.7% of value still to vest
Off all-time high
-99.72%
357.1x to recover
EthereumERC-20+2 since last pass
01

What the numbers say

BLUR scores 84 of 250 across the 25-variable framework, which places it 213th of 251 rated tokens and inside the bottom quartile of the set. The framework verdict is PASS.

The score rests on P/S Multiple 5/10, 38th of 251, Market Share 5/10, 52nd of 251, Exchange Depth 5/10, 73rd of 251 and Team Execution 5/10, 74th of 251.

Against the same universe, BLUR sits in the bottom third on Insider Selling 2/10, 242nd of 251, Supply Inflation 2/10, 228th of 251, Circulating / FDV Ratio 3/10, 225th of 251 and Vesting Schedule 2/10, 223rd of 251. These are the variables that would have to move for the verdict to change.

95.3% of eventual supply is already circulating, so vesting is not a live risk for BLUR. Price has to be justified by demand rather than absorbed against a cliff.

BLUR trades 99.72% below its all-time high of $5.02. Recovering that level is a 357.1x move, not a 99.72% one, which is the arithmetic most drawdown charts hide.

02

25-variable breakdown

Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.

Cash flow

Cash flow variables for BLUR, scored 1 to 10 and ranked against 251 tokens
Protocol Revenue
398th of 251
Revenue Trend
2191st of 251
P/S Multiple
538th of 251
Real Staking Yield
2199th of 251

Supply

Supply variables for BLUR, scored 1 to 10 and ranked against 251 tokens
Supply Inflation
2228th of 251
Vesting Schedule
2223rd of 251
Circulating / FDV Ratio
3225th of 251
Buyback and Burn
2114th of 251

Ownership

Ownership variables for BLUR, scored 1 to 10 and ranked against 251 tokens
Smart Money Flows
3149th of 251
Insider Selling
2242nd of 251
Holder Concentration
3197th of 251

Traction

Traction variables for BLUR, scored 1 to 10 and ranked against 251 tokens
TVL Trend
2189th of 251
Active Users
3149th of 251
Developer Activity
4158th of 251
Network Growth
3156th of 251

Position

Position variables for BLUR, scored 1 to 10 and ranked against 251 tokens
Market Share
552nd of 251
Competitive Moat
4114th of 251
Institutional Adoption
3115th of 251
Exchange Depth
573rd of 251
Social Mindshare
486th of 251

Risk

Risk variables for BLUR, scored 1 to 10 and ranked against 251 tokens
Regulatory Safety
5102nd of 251
Catalyst Calendar
490th of 251
BTC Alpha Potential
3114th of 251
Team Execution
574th of 251
Treasury Runway
574th of 251

The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.

03

Catalyst and risk

Next catalyst

NFT market revival in a bull cycle could briefly spike BLUR trading volumes

Principal risk

Only 38% circulating with massive team/investor vesting schedule; NFT volumes down 90%+ from 2022 peak

04

Market and supply

Price$0.0140
Market cap$39.9Mrank 505
All-time high$5.0214 Feb 2023
Circulating supply2,859,508,612
Eventual supply (max supply)3,000,000,000
Dilution to full supply1.05x
Listed onBinance, Bybit, OKX

Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.

05

Tokens with a similar profile

These are the closest matches to BLUR measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.

06

Sources

  • [Dune Analytics] Blur achieved 60%+ NFT marketplace market share in 2023 via aggressive airdrop incentives, but volume collapsed with NFT market
  • [CoinGecko] BLUR only 38% circulating; Paradigm and other investors hold large locked positions with ongoing vesting schedule
  • [DeFiLlama] Blend (NFT lending by Blur) briefly captured significant NFT fi market but volumes have since dried up
07

Common questions

What is the Early Thunder score for Blur (BLUR)?
BLUR scores 84 out of 250 on the 25-variable framework, ranking 213th of 251 rated tokens (bottom quartile). The framework verdict is PASS.
What are BLUR's strongest fundamentals?
BLUR ranks highest on P/S Multiple 5/10, 38th of 251, Market Share 5/10, 52nd of 251, Exchange Depth 5/10, 73rd of 251 and Team Execution 5/10, 74th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
What are the weakest parts of the BLUR thesis?
BLUR scores in the bottom third of the universe on Insider Selling 2/10, 242nd of 251, Supply Inflation 2/10, 228th of 251, Circulating / FDV Ratio 3/10, 225th of 251 and Vesting Schedule 2/10, 223rd of 251. The single risk carried on the scorecard is: Only 38% circulating with massive team/investor vesting schedule; NFT volumes down 90%+ from 2022 peak
How much BLUR supply is still to enter circulation?
95.3% of eventual BLUR supply is circulating today, leaving 1.05x the current float still to arrive. At a flat price per token that is 4.7% of fully diluted value ahead of current holders.
How far is BLUR from its all-time high?
BLUR trades 99.72% below its all-time high of $5.02. Returning to that high requires a 357.1x move from the level used in this scoring pass.
Which tokens have a similar profile to BLUR?
Measured on the shape of all 25 scored variables rather than on price, the closest matches to BLUR are SCROLL (102), ZK (95), STRK (93) and OP (123). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
What is the next catalyst for BLUR?
NFT market revival in a bull cycle could briefly spike BLUR trading volumes

Keep reading

Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.