OKX NFT Marketplace Beats Blur and OpenSea with Bitcoin Ordinal Trading...

OKX's non-fungible token (NFT) platform has surpassed leading competitors such as OpenSea, Blur and Magic Eden in terms of 24-hour trading volume.

OKX's non-fungible token (NFT) platform has surpassed leading competitors such as OpenSea, Blur and Magic Eden in terms of 24-hour trading volume. According to DappRadar, on December 18, OKX NFT Marketplace recorded a staggering $50 million in daily trading volume.

Although the platform's transaction volume has decreased to $35 million since then, it still outperforms its competitors. Blur, Magic Eden, and OpenSea's combined 24-hour trading volume stands at just $24 million, highlighting OKX's dominance in the NFT space.

The increase in #OKX #NFT #Marketplace'in trading volume can be attributed to the launch of Bitcoin #Ordinal trading. According to #CryptoSlam , the Bitcoin network has eclipsed both Ethereum and Solana in terms of NFT sales volume, reaching a staggering $404 million in the last 7 days. Meanwhile, Solana managed over $95 million in sales volume, while Ethereum, once the leading blockchain in NFT trading volumes, hit $90 million.

This development coincides with a broader resurgence in the NFT market, with total volume approaching $1 billion in November. During that month, the average value of NFT transactions increased from $126 to $270, a significant increase of 114%; This shows an increasing desire among users to participate in higher value transactions.