OKX‘s NFT has outperformed major players such as OpenSea, Blur, and Magic Eden, with a staggering daily trading volume exceeding $50 million.
This milestone, reported by DappRadar, occurred around 10:00 a.m. UTC on December 18, demonstrating OKX NFT Marketplace’s market dominance.
While the platform’s daily trading volume has decreased slightly to $35 million, it still has a significant lead over other well-known NFT markets.
The combined 24-hour trading volume of Blur, Magic Eden, and OpenSea is around $24 million, highlighting OKX NFT Marketplace’s current dominance.
The increased trading volume can be attributed to the platform’s introduction of Bitcoin Ordinals trading. This addition resulted in a significant increase in activity in the NFT marketplace.
According to CryptoSlam, Bitcoin had an exceptional week with a sales volume of $367 million, exceeding the combined weekly trading volumes of Ethereum and Solana, which totaled $91 million.
On December 12th, the Bitcoin network surpassed Ethereum ($16 million) and Solana ($6 million) in daily NFT sales volume.
The broader NFT market is reviving, with total volume approaching $1 billion in November. Notably, users are engaging in higher-value transactions, as evidenced by the 114% increase in average NFT transaction value, which soared from $126 to $270 during the period.
