BLUR,
the
native
token
of
non-fungible
token
(NFT)
platform
Blur,
surged
by
22%
on
Friday
after
being
listed
on
Binance‘s
convert
feature.
The
convert
feature
is
aimed
at
Binance’s
retail
customers.
It
allows
customers
to
buy
and
sell
assets
without
going
through
a
traditional
order
book.
The
token
rose
from
$0.55
to
as
high
as
$0.64
after
the
listing,
compounding
an
uptrend
that
has
seen
its
value
double
in
the
past
week,
according
to
CoinMarketCap.
Friday’s
move
comes
alongside
bitcoin
(BTC)
hitting
its
highest
point
since
May
2022
as
the
broader
cryptocurrency
market
continues
its
rally.
Blur
has
performed
particularly
well
following
the
launch
of
Blast,
a
layer
2
network
developed
by
the
same
people
who
built
Blur.
After
going
live
earlier
this
week,
Blast
has
received
over
$400
million
in
deposits
and
will
issue
an
airdrop
in
May.
Trading
volume
on
BLUR
trading
pairs
is
just
shy
of
$1
billion
over
the
past
24
hours
as
speculators
attempt
to
cash
in
on
the
hype
surrounding
Blast.
Blast
has
received
criticism
from
some
parts
of
the
crypto
community
for
its
referral
scheme,
which
some
say
resembles
a
pyramid
scheme.