On-chain analytics platform Lookonchainthat prominent trader and BitMEX founder Arthur Hayes owns 3.62% of the token’s total supply. Confidence among whale investors like Hayes motivates retail and other funds to follow in their footsteps.
The token’s price performance has reflected its poor tokenomics. Unless the Rari Foundation moves to enhance the token’s utility, RARI’s performance may remain subdued compared to the rest of the market. The total NFT trading volume is less than 1% of the volume of cryptocurrency exchanges. However, it’s a growing segment that is projected to produce revenues nearby 2025. Thus, early investments in decentralized marketplaces that share a portion of their income may reap handsome rewards in a couple of years.
I think this project is very promising
Many users have tried to farm these airdrops, increasing the platform’s trading volume. Since the start of 2023, Blur’s trading volume has surpassed that of OpenSea, the market leader in the NFT trading space. $BLUR $LOOKS $X2Y2 NFTs