{"id":26789,"date":"2023-12-18T13:36:59","date_gmt":"2023-12-18T13:36:59","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/okx-nft-marketplace-tops-blur-and-opensea-in-daily-trading-volume\/"},"modified":"2023-12-18T13:37:01","modified_gmt":"2023-12-18T13:37:01","slug":"okx-nft-marketplace-tops-blur-and-opensea-in-daily-trading-volume","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/okx-nft-marketplace-tops-blur-and-opensea-in-daily-trading-volume\/","title":{"rendered":"OKX NFT Marketplace tops Blur and OpenSea in daily trading volume"},"content":{"rendered":"
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Crypto exchange OKX\u2019s nonfungible token (NFT) arm surpassed the 24-hour trading volume of other prominent NFT marketplaces like OpenSea, Blur and Magic Eden.\u00a0<\/p>\n

On Dec. 18, the OKX NFT Marketplace recorded a daily trading volume of around $50 million at around 10:00 am UTC, according to decentralized applications (DApp) data tracker DappRadar.\u00a0<\/p>\n

At the time of writing, the platform\u2019s trading volume has dropped to $35 million. However, OKX NFT Marketplace is still ahead of its competitors Blur, Magic Eden and OpenSea, which have a combined 24-hour trading volume of around $24 million.\u00a0<\/p>\n

24-hour NFT trading volume by marketplace. Source: DappRadar<\/em><\/figcaption><\/figure>\n

The NFT marketplace\u2019s trading volume surged as it offered Bitcoin Ordinals trading. Data from NFT tracker CryptoSlam shows that the Bitcoin network had a massive week, with a sales volume of $367 million, surpassing Ethereum and Solana, which had $91 million in combined weekly trading volume.\u00a0<\/p>\n

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Guess which #Bitcoin<\/a> NFT collections are in the gallery
\u2003 ________________
\u2571| ______________ \u2571|
|\u2003||\u2003 |
|\u2003|\ufe0f|\u2003 |
|\u2003|\u200d|\u2003 |
|\u2571 \uffe3 \uffe3\uffe3\uffe3 \uffe3 |\u2571
\uffe3\uffe3\uffe3\uffe3\uffe3<\/p>\n

\u2014 OKX (@okx) December 18, 2023<\/a><\/p><\/blockquote>\n

The shift in sales volume for Bitcoin NFTs came as early as Dec. 12 when the Bitcoin network had a daily NFT sales volume of $24 million, followed by Ethereum with around $16 million and Solana with $6 million.<\/p>\n

Related: <\/em><\/strong>Daily gas spent on EVM inscriptions surges to record high of $8M<\/em><\/strong><\/p>\n

Apart from Bitcoin Ordinals, the broader NFT space has also experienced a comeback, with the space\u2019s collective volume nearing $1 billion in November. During that month, the average value of NFT transactions surged by 114%, going from $126 to $270, suggesting that users are more willing to perform higher-value trades than in the previous months.\u00a0<\/p>\n

Magazine: <\/em><\/strong>Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?<\/em><\/strong><\/p>\n<\/div>\n