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.
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