In the ever-changing NFT realm, the Blur marketplace is surging ahead, claiming a whopping 80% of the total trading volume of non-fungible collectibles.
Despite OpenSea once being the dominant player, the marketplace’s share has dwindled to 17%. Blur has been overriding OpenSea since February, which has led to Blur dominating nearly 80% of the Ethereum-based NFT landscape.
A Wider Look into NFT Market Growth
November signified a remarkable milestone for NFTs, garnering $605 million in Ethereum trading — an increase of more than 100% when compares to the previous month. This momentum is continuing into December, with trading surpassing $90 million and Blur’s marketplace contributing approximately $70 million of this amount.
Alongside Ethereum, Solana-based marketplaces also witnessed an increase in trading activity last month and into December. On November 30, the total trading volume on Solana markets hit $9.3 million — an amount not garnered since April last year. Notably, the majority of these transactions were made on the Tensor marketplace, with daily Solana-based trades reaching around $5 million.
Across numerous blockchains (Ethereum, Solana, etc.), NFT projects such as Pudgy Penguins, Milady Makers and Mad Lads are spearheading this current NFT market upswing. And the excitement doesn’t end there: ongoing developments in the NFT realm will continue to present intriguing journeys for both NFT novices and established players alike.
Digital art fanatic who brings a unique perspective to NFT news.
Recent Posts
In November, the NFT market saw Blur outpace competitors, while the trading volume soared, despite…
In a compelling collaborative project, The Sandbox has tuned into the estate of Biggie Smalls…
According to a newly released document, Finland is on a quest to establish itself as…
Propelled by the timely success of its previous free batch of G-SHOCK assets, Casio is set to…
Bored Ape Yacht Club’s virtual band run by Universal Music Group, Kingship, has launched its…
The “world’s fastest” marketplace for Bitcoin and Ordinals digital assets has recently been launched. Interestingly,…
This website uses cookies.
Credit: Source link