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CDS Crypto News OKX NFT Marketplace Surpasses Blur and OpenSea in Daily Trading Volume

Crypto News

OKX NFT Marketplace Surpasses Blur and OpenSea in Daily Trading Volume

Dec. 18 saw the OKX NFT Marketplace achieve an impressive 24-hour trading volume of $50 million, eclipsing its rivals in the competitive NFT arena.

Ecem EFE18/12/20231 Mins read442

Crypto News- OKX’s NFT platform has outshined other major NFT marketplaces, including OpenSea, Blur, and Magic Eden, with a daily trading volume exceeding $50 million as of 10:00 am UTC on December 18, as reported by DappRadar. Despite a slight dip to $35 million at the time of this writing, the OKX NFT Marketplace maintains its lead over competitors, collectively holding a 24-hour trading volume of approximately $24 million. The surge in trading volume was propelled by the introduction of Bitcoin Ordinals trading on the platform.

OKX NFT Marketplace Surpasses Blur and OpenSea in Daily Trading Volume

According to data from CryptoSlam, the Bitcoin network witnessed a remarkable week, achieving a sales volume of $367 million, surpassing the combined weekly trading volume of Ethereum and Solana, which amounted to $91 million. This notable shift in sales volume for Bitcoin NFTs began on December 12, with a daily NFT sales volume of $24 million, outpacing Ethereum ($16 million) and Solana ($6 million).

Beyond the success of Bitcoin Ordinals, the broader NFT space is also experiencing a resurgence, with the collective volume nearing $1 billion in November. During this period, the average value of NFT transactions witnessed a 114% increase, rising from $126 to $270, indicating a growing willingness among users to engage in higher-value NFT trades compared to previous months.

Sources:cointelegraph

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Ecem EFE

Since 2022, Ecem has been creating digital content, combining her passion for technology with writing. Continuing her education in the Mathematics department, Ecem focuses on producing in-depth content on areas such as blockchain, artificial intelligence, and cryptocurrency. She aims to simplify these topics and present them to a wide audience, sharing valuable insights into the crypto industry through her writing. With her innovative content, she strives to raise awareness in the digital world.