Top nft Markets in Q1
Magic Eden emerged as the top market in transaction volume for the first quarter of 2024, recording $163 million in January, $256 million in February and a sharp increase to $756 million in March, totaling $1.7 billion in the first quarter.
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Meanwhile, Blur maintained strong transaction 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 during the quarter. With a 28% market share, Blur saw 25% growth compared to Q4 2023 data.
Furthermore, the OKX nft Marketplace— linked to crypto exchange OKX — took third place, racking up more than $588 million in sales during the first three months. However, the trading volume of bitcoin nfts on the OKX platform it experienced a sharp drop of 73.3%.
Other notable top contenders in the nft market include nft Tensor Market, with a turnover of 484 million dollars; OpenSea, with transactions totaling more than $457 million; and UniSat nft Marketplace, which recorded more than $139 million in the first quarter.
CryptoPunksAlso mentioned were , MOOAR, X2Y2, and Ordinal Wallet, each of which contributed to the cumulative trading volume of $4.7 billion during this period.
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