ChainCatcher reported that according to Cointelegraph, according to CoinGecko data, NFT trading platform Magic Eden led the market with a transaction volume of US$122.47 million in August, accounting for 36.7% of the market share, and ranked first in NFT transaction volume for the sixth consecutive month.
Magic Eden, Blur and OpenSea together control 82% of the market. Blur ranked second with a transaction volume of $84 million and a market share of 25.4%, down 83.2% from its nearly $500 million transaction volume in January this year. OpenSea ranked third with a transaction volume of $66.5 million and a market share of 19.9%, up from 9.9% in January, but still far below its once dominant market level.
It is worth noting that the entire NFT market is still continuing to decline. According to CryptoSlam data, the total monthly sales of NFTs in August were only US$374 million, a 76% drop from the peak of US$160 million in March 2024.
