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REGULATION
by
12 months ago

Magic Eden and Blur dominate NFT marketplace's trading volume in March 2024

2024-05-10

REGULATION
by
12 months ago


CoinGecko released a report called "CoinGecko 2024 Q1 Crypto Industry Report".


 


The report shows that in March 2024, Magic Eden and Blur dominated trading volume of NFT marketplaces. Magic Eden is the fastest growing NFT marketplace of this year.

 

The chart also shows that since January 2021, Megic Eden and Blur start to have the most market share in trading volume of NFT marketplaces.

 

While, OKX seems to have potential to capture market share from NFT trading. And OpenSea’s market share seems to be steady.

 

Magic Eden is an NFT marketplace that has become a hub for the trading of non-fungible tokens (NFTs) on various blockchains, including Ethereum, Solana, and Bitcoin.

 

The Blur NFT marketplace has emerged as a significant platform for professional traders and collectors within the digital asset space.


 


For cryptocurrency spot trading, top 10 centralized exchanges, has the highest quarterly trading volume since December 2021.

 

Binance dominate market share of spot trading volume. It needs to combine spot trading volume of Upbit, OKX, Bybit, and Coinbase to have to same number of trading volume as much as Binance.

 

 

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