Nfts
Top NFT Markets Exceed $4.7 Billion
Best NFT Markets in Q1
Magic Eden became the top market by trading volume in the first quarter of 2024, recording $163 million in January, $256 million in February, and a sharp increase to $756 million in March, for a total of 1, 7 billion dollars in the first quarter.
Check: Magic Eden Rewards Diamonds to ETH NFT Traders Today (nftplazas.com)
Meanwhile, Blur maintained strong deal activity, generating $500 million in January, $502 million in February, and $530 million in March. This resulted in over $1.5 billion in NFT sales for the quarter. With a market share of 28%, Blur saw 25% growth compared to Q4 2023 data.
OKX’s NFT Marketplace– linked to crypto exchange OKX – took third place, accumulating over $588 million in sales in the first three months. However, the trading volume for Bitcoin NFTs on the OKX platform saw a marked drop of 73.3%.
Other key competitors of the highlighted NFT market are included Tensor NFT Marketplace, with a turnover of 484 million dollars; OpenSea, with transactions totaling more than $457 million; and UniSat NFT Marketplace, with revenue of over $139 million in the first quarter.
CryptoPunksMOOAR, X2Y2 and Ordinal Wallet were also mentioned, each contributing to the cumulative trading volume of $4.7 billion during this period.