The non-fungible token marketplace landscape has seen another significant market shift, with Blur overtaking the leading NFT marketplaces Magic Eden and OpenSea for the first time since the beginning of this year. Blur has re-emerged as a dominant player in the NFT marketplace due to its continued unique features, user-friendly interface, and emphasis on security and reliability.
Blur Leads In Daily, Weekly And Monthly Trading Volume
Data compiled by nftpulse.org, a cross-chain non-fungible token market explorer, indicates that Blur is the leading NFT marketplace in November. In the past 24 hours, the NFT marketplace has amassed a trading sales volume of $2.97 million, representing 29% of the total NFT market share. Blur has overturned OpenSea and Magic Eden NFT marketplace, which have led the market since the start of the year.
Source:nftpulse.org, NFT marketplace sales volume in the past year
Moreover, Blur is the current non-fungible token marketplace market leader in nearly all metrics, commanding 25% of the weekly market share and 23.7% in November 2024. The NFT market platform has amassed a trading sales volume of $30.2 in the past seven days and $111 million in the past 30 days. In the past year, the Blur NFT marketplace also ranks top, recording a trading sales volume of $4.61 billion.
Launched in December 2022, Blur is one of the leading Ethereum-based NFT marketplaces. It emphasizes functionality for professional and high-volume traders and is paired with a perpetual lending protocol called Blend, which allows borrowers to use their NFTs as collateral. Blur shocked the NFT community by becoming the leading NFT market platform in terms of volume in less than two months, 2023.
NFT Marketplace OpenSea Ranks 2nd In Daily Trading Volume
Based on nftpulse.org data, OpenSea is the second-leading NFT marketplace in daily and weekly trading sales volume. In the past 24 hours, the OpenSea NFT marketplace has recorded a trading sales volume of $2.34 million, representing 22.9% of the total market share. In the past seven days, the NFT marketplace has recorded a trading sales volume of $23.09 million, representing 19.7% of the total market share.
Magic Eden, a multi-chain non-fungible token marketplace, is the third leading NFT marketplace in daily, weekly, and monthly trading sales volume. In the past 24 hours, Magic Eden raised a trading sales volume of $2.09 million, representing 20% of the total market share. In the past seven days, the NFT marketplace has recorded a trading sales volume of $19 million, taking 17% of the market share.
Tensor and Larva Labs are the fourth and fifth NFT marketplaces regarding daily trading sales volume. In the past 24 hours, the Tensor NFT marketplace has recorded a trading sales volume of $1.04 million, while the Larva Labs NFT marketplace has amassed a trading sales volume of $669,000. OKX, an NFT marketplace that works seamlessly with over 10 networks, including Ethereum, Solana, OKTC, Polygon, BNB Chain, Avalanche C, and Immutable X, ranks fourth in weekly sales volume.
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