Tensor

Blur

Eden

<p>The non-fungible token market has experienced mainstream adoption this year marked positive gains in sales volume in the first quarter of 2024, according to a CoinGecko Q1 2024 NFT report. In this article, we shall explore this surprising analytic Q1, 2024 report in-depth.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">CoinGecko 2024 Q1 Crypto Industry Report is now LIVE 📊</p>
 <p>After a strong 2023 Q4, the total crypto market cap continued rallying by 65% in 2024 Q1, reaching a high of $2.9T in March.</p>
 <p>Here are 7 key highlights you shouldn't miss ⬇️ <a href="https://t.co/WG0CP3dIFb" rel="noopener noreferrer nofollow">pic.twitter.com/WG0CP3dIFb</a></p>
 <p>— CoinGecko (@coingecko) <a href="https://twitter.com/coingecko/status/1780520406006514136?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 17, 2024</a></p>
</blockquote>
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<p>Data compiled by <a href="https://www.coingecko.com/research/publications/2024-q1-crypto-report?utm_source=web&amp;utm_campaign=2024-Q1-Crypto-Industry-Report&amp;utm_medium=website-announcement#6-spot-trading-volume-on-centralized-exchanges-hit-4-29t-in-2024-q1-highest-since-2021-q4" rel="noopener noreferrer nofollow">coingecko.com</a>, an on-chain crypto market aggregator and a multi-chain non-fungible token explorer, found that the non-fungible token trading sales volume across the top ten NFT market platforms surpassed the $4.7 billion mark, with one of the biggest multi-chain NFT marketplace, Magic Eden, taking the lion’s share. Below, we have listed the ten 10 NFT market platforms by trading sales volume:</p>
<p><img decoding="async" class="alignnone  wp-image-518516" src="https://insidebitcoins.com/wp-content/uploads/2024/05/Top-10-NFT-Marketplace-in-Q12024-300x195.png" alt="Top 10 NFT Marketplace in Q1,2024" width="840" height="546" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/Top-10-NFT-Marketplace-in-Q12024-300x195.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/Top-10-NFT-Marketplace-in-Q12024-768x500.png 768w, https://insidebitcoins.com/wp-content/uploads/2024/05/Top-10-NFT-Marketplace-in-Q12024.png 921w" sizes="(max-width: 840px) 100vw, 840px"></p>
<p>Source: coingecko.com, top 10 NFT marketplaces in Q1,2024</p>
<h2 id="1-magic-eden-nft-marketplace">1. Magic Eden NFT Marketplace</h2>
<p>Magic Eden was the most-traded NFT marketplace in the first quarter of 2024. The NFT market platform amassed $163 million in January, $256 million in February and $756 million in March. Magic Eden recorded a trading sales volume of over $1.7 billion in the first three months.</p>
<h2 id="2-blur-nft-market-platform">2. Blur NFT Market Platform</h2>
<p>Blur was the second most-traded NFT marketplace in the first quarter of 2024. According to the coingecko.com report, Blur NFT marketplace recorded a trading sales volume of $500 million in January, $502 million in February and $530 million in March. In the past three months, the NFT marketplace recorded a trading sales volume of over $1.5 billion.</p>
<p><iframe title="Important Crypto Market Updates! CoinGecko’s Latest Report Explains What’s NEXT!!" width="640" height="360" src="https://www.youtube.com/embed/wqGoZxSaspY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<h2 id="3-okx-nft-marketplace">3. OKX NFT Marketplace</h2>
<p>OKX, a non-fungible token marketplace from the crypto exchange OKX, was the third most-traded NFT marketplace in Q1, 2024. The OKX NFT marketplace recorded a trading sales volume of $262 million in January, $143 million in February and $182 million. The OKX NFT marketplace recorded more than $588 million in the past three months.</p>
<p>OKX NFT Marketplace, which dominated Bitcoin NFT trading volume in 2023, saw its volumes plunge by -73.3% from $0.68 billion in December 2023 to $0.18 billion in March 2024. Bitcoin’s NFT trading volume shifted to other NFT platforms, such as the Magic Eden and UniSat. OKX’s market share stood at 9.5% in March 2024.</p>
<h2 id="4-tensor-nft-marketplace">4. Tensor NFT Marketplace</h2>
<p>Tensor was the fourth most-traded NFT market platform in Q1 2024. According to the research, the NFT marketplace, Tensor, recorded a trading sales volume of $184 million in January, $166 million in February and $134 million in March. For the three months, Tensor recorded a trading sales volume of $484 million.</p>
<h2 id="5-opensea-nft-marketplace">5. OpenSea NFT Marketplace</h2>
<p>OpenSea was the fifth most-traded NFT Marketplace in Q1, 2024. According to the analytic report, the NFT marketplace attracted a trading sales volume of $146 million in January, $149 million in February and $161 million in March 2024. In the past three months, the OpenSea NFT marketplace saw over $457 million settled on it.</p>
<h2 id="6-unisat-nft-marketplace">6. UniSat NFT Marketplace</h2>
<p>UniSat was the sixth most-traded NFT market in the first quarter of this year (Q1, 2024). UniSat recorded a trading sales volume of $14 million in January, $52 million in February and $73 million in March. For the three months, the UniSat NFT Marketplace recorded a trading sales volume of more than $139 million.</p>
<h2 id="7-cryptopunks-nft-marketplace">7. CryptoPunks NFT Marketplace</h2>
<p>CryptoPunks was the seventh most-traded NFT market platform in Q1, 2024. According to coingecko.com’s exclusive NFT report, the NFT marketplace recorded a trading sales volume of $33 million in January, $21 million in February and $59 million in March. The NFT marketplace recorded a trading sales volume of $113 million for the past three months.</p>
<h2 id="8-mooar-nft-marketplace">8. MOOAR NFT Marketplace</h2>
<p>MOOAR was the eighth most-traded NFT marketplace in Q1, 2024. In January 2024, the NFT marketplace recorded a trading sales volume of $96 million, $12 million in February and $4.8 million in March. For the three months, the Mooar NFT marketplace recorded a trading sales volume of $112 million.</p>
<h2 id="9-x2y2-nft-marketplace">9. X2Y2 NFT Marketplace</h2>
<p>X2Y2 was the ninth most-traded non-fungible token market platform in Q1, 2024. The NFT market platform recorded a trading sales volume of $9 million in January, $11.4 million in February and $9.4 million in March. For the three months, the X2Y2 NFT marketplace recorded a trading sales volume of around $29.8 million.</p>
<h2 id="10-ordinal-wallet-nft-marketplace">10. Ordinal Wallet NFT Marketplace</h2>
<p>Ordinal Wallet was the tenth most-traded NFT marketplace in Q1, 2024. According to the analytic report, the Ordinal Wallet amassed a trading sales volume of $9.5 million in January, $8 million in February and $7.8 million in March 2024. For the three months, the Ordinal Wallet raised a trading sales volume of $25.4 million. The top 10 NFT marketplaces amassed a trading sales volume of $4.7 billion.</p>
<h3 id="related-nft-news">Related NFT News:</h3>
<ul>
 <li><a href="https://insidebitcoins.com/news/magic-eden-joins-aphone-to-bring-depin-experience-to-the-solana-nft-community" rel="noopener noreferrer nofollow">Magic Eden Joins APhone To Bring DePIN Experience To The Solana NFT Community</a></li>
 <li><a href="https://insidebitcoins.com/news/snoop-dogg-partners-with-footwear-brand-skechers-to-launch-nft-branded-sneakers" rel="noopener noreferrer nofollow">Snoop Dogg Partners With Footwear Brand Skechers To Launch NFT-Branded Sneakers</a></li>
 <li><a href="https://insidebitcoins.com/news/nfts-are-down-bad-again-but-not-dead-heres-the-10-top-selling-nfts-this-week" rel="noopener noreferrer nofollow">NFTs Are Down Bad Again, But Not Dead – Here’s The 10 Top Selling NFTs This Week</a></li>
</ul>

CoinGecko NFT Market Report For Q1 2024

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