NFT marketplace Blur’s native token has seen a massive rise following its Binance listing.
BLUR increased by approximately 22 percent after its listing on the Binance exchange.
According to data from CoinMarketCap, the asset rose from $0.55 to $0.64 after the listing.
BLUR’s rise comes as leading cryptocurrency Bitcoin reached its highest level since May 2022. Other cryptocurrencies also followed Bitcoin.
BLUR has performed well, especially since the launch of the layer-2 network Blast, also released by the same developers.
Blast saw inflows of over $400 million after launching earlier this week. The platform is expected to organize an airdrop in May.
As investors try to gain returns by taking advantage of the Blast excitement, the volume in BLUR trading pairs approached $1 billion in the last 24 hours.
A portion of the crypto community has accused Blast of being a ponzi scheme.
At the time of writing, BLUR is traded at $0.65, according to CoinMarketCap data.
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