According to The Block, at the beginning of 2022, OpenSea accounted for about 97% of the trading volume of the Ethereum NFT market. Just two years later, the platform appears to shrink in fierce competition, with its market share dropping to just under 20%. However, in the next 10 months, OpenSea's share of trading volume in the Ethereum NFT market has steadily climbed, now exceeding 51%. However, analysts believe that OpenSea's market share seems to be recovering, but not because the OpenSea protocol itself performs well, but is likely due to its main competitor, Blur, underperforming on a relatively competitive basis. Since reaching its latest peak in December 2024, Blur's monthly NFT volume has been declining continuously, with an average monthly decline of 55%. During the same period, OpenSea's monthly NFT volumes changed even more, down 48% from December to January. It is worth mentioning that Ethereum NFT trading volume has dropped sharply in the past three months, and the entire industry has performed poorly.