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CoinGecko Q1 Report: Prime NFT Marketplaces Exceed $4.7B+

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Prime NFT Marketplaces in Q1

Magic Eden emerged as the highest market in transaction quantity for Q1 2024, recording $163 million in January, $256 million in February, and a pointy improve to $756 million in March, totaling $1.7 billion within the first quarter.

Take a look at: Magic Eden Rewards Diamonds to ETH NFT Merchants Right now (nftplazas.com)

In the meantime, Blur maintained robust transaction exercise, producing $500 million in January, $502 million in February, and $530 million in March. This resulted in over $1.5 billion in NFT gross sales for the quarter. With a market share of 28%, Blur skilled a progress of 25% when in comparison with knowledge from This autumn 2023.

Furthermore, the OKX NFT Market—linked to the OKX crypto alternate—claimed the third spot, amassing over $588 million in gross sales in the course of the first three-month stretch. Nevertheless, the buying and selling quantity for Bitcoin NFTs on the OKX platform noticed a marked decline of 73.3%. 

Extra prime contenders within the NFT market highlighted included Tensor NFT Market, with a turnover of $484 million; OpenSea, with transactions totaling above $457 million; and UniSat NFT Market, clocking in at greater than $139 million in Q1. 

CryptoPunks, MOOAR, X2Y2, and Ordinal Pockets had been additionally talked about, every contributing to the cumulative buying and selling quantity of $4.7 billion throughout this era.

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