The OKX NFT Marketplace Surpasses OpenSea and Blur in Trading Volume
The daily trading volume of the OKX non-fungible tokens (NFT) marketplace has exceeded that of leading competitors such as Blur and Magic Eden. As of December 18, OKX’s trading platform recorded a volume of $45.31 million, positioning it ahead of Blur, Magic Eden, UnitSat, and OpenSea.
Growth Driven by Bitcoin NFTs
The rise in trading volume on the OKX platform can be attributed to the increased popularity of Bitcoin (BTC) NFTs. On December 15, OKX listed SATS, a BRC-20 standard token that is not yet supported by competitors like OpenSea and Blur.
Competition’s Trading Volumes
Blur’s daily trading volume peaked at $13.48 million, while Magic Eden secured third place with $7.63 million. UniSat followed with $3.3 million in trading volume.
OKX Outperforms Ethereum and Solana in NFT Trading Volume
Between December 10 and 17, OKX’s trading volume surpassed $305.44 million, compared to $121.28 million the previous week, according to CryptoSlam. In the same period, Ethereum recorded an NFT trading volume of $93.45 million, while Solana reached $90.74 million.
Ordinals Tokens Overload BTC-20 Network
In December, Ordinals tokens caused the BTC-20 network to become overloaded five times, resulting in a surge in transaction fees. Transfer fees reached a record high of $37 per transaction in May.
Hot Take: OKX Emerges as a Dominant NFT Marketplace
The OKX non-fungible tokens (NFT) marketplace has solidified its position as a leading platform with its impressive trading volume surpassing that of competitors like OpenSea and Blur. The growth can be attributed to the popularity of Bitcoin NFTs and the listing of unique assets like SATS. With its consistent performance and increasing adoption, OKX continues to attract both traders and collectors in the NFT space.
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