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.
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.
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
| Protocol Revenue | 3 | 98th of 251 | |
| Revenue Trend | 2 | 191st of 251 | |
| P/S Multiple | 5 | 38th of 251 | |
| Real Staking Yield | 2 | 199th of 251 |
Supply
| Supply Inflation | 2 | 228th of 251 | |
| Vesting Schedule | 2 | 223rd of 251 | |
| Circulating / FDV Ratio | 3 | 225th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 2 | 242nd of 251 | |
| Holder Concentration | 3 | 197th of 251 |
Traction
| TVL Trend | 2 | 189th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 4 | 158th of 251 | |
| Network Growth | 3 | 156th of 251 |
Position
| Market Share | 5 | 52nd of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 4 | 86th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 5 | 74th 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.
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
Market and supply
| Price | $0.0140 |
| Market cap | $39.9Mrank 505 |
| All-time high | $5.0214 Feb 2023 |
| Circulating supply | 2,859,508,612 |
| Eventual supply (max supply) | 3,000,000,000 |
| Dilution to full supply | 1.05x |
| Listed on | Binance, 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.
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.
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
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.