Prime NFT Marketplaces in Q1
Magic Eden emerged as the highest market in transaction quantity for Q1 2024, recording $163 million in January, $256 million in February, and a pointy enhance to $756 million in March, totaling $1.7 billion within the first quarter.
Take a look at: Magic Eden Rewards Diamonds to ETH NFT Merchants As we speak (nftplazas.com)
In the meantime, Blur maintained sturdy transaction exercise, producing $500 million in January, $502 million in February, and $530 million in March. This resulted in over $1.5 billion in NFT gross sales for the quarter. With a market share of 28%, Blur skilled a development of 25% when in comparison with information from This autumn 2023.
Furthermore, the OKX NFT Market—linked to the OKX crypto alternate—claimed the third spot, amassing over $588 million in gross sales throughout the first three-month stretch. Nonetheless, the buying and selling quantity for Bitcoin NFTs on the OKX platform noticed a marked decline of 73.3%.
Further prime contenders within the NFT market highlighted included Tensor NFT Market, with a turnover of $484 million; OpenSea, with transactions totaling above $457 million; and UniSat NFT Market, clocking in at greater than $139 million in Q1.
Different NFT initiatives and platforms, together with CryptoPunks, MOOAR, X2Y2, and Ordinal Pockets, have been additionally talked about. Every contributed to the cumulative buying and selling quantity of $4.7 billion throughout this era.
In the end, the 2024 Q1 Crypto Business Report delves into extra than simply crypto, spotlighting NFT panorama modifications, shopper habits shifts, and rising market developments, echoing a optimistic sentiment for the yr forward.
