Blur and OpenSea Just Got Beat. OKX is Now the Largest NFT Marketplace by Trading Volume.
TL;DR
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Yesterday, buying and selling quantity for OKX’s NFT platform was over $50M, making it the biggest NFT market by day by day buying and selling quantity, leaving Blur (the earlier market chief), in a distant second place at simply over $13M.
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The friendship began earlier this yr, when OKX grew to become one of many first mainstream marketplaces to assist the shopping for/promoting of Bitcoin Ordinals.
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The month-to-month ‘ping ponging’ of market dominance between the NFT platforms would not occur in mature industries which helps remind us that we’re nonetheless so early!
Full Story
Did the OKX alternate and Bitcoin Ordinals (aka Bitcoin NFTs) simply turn out to be finest associates?
Yup! Seems prefer it.
Yesterday, buying and selling quantity for OKX’s NFT platform was over $50M, making it the biggest NFT market by day by day buying and selling quantity, leaving Blur (the earlier market chief), in a distant second place at simply over $13M.
And it was all due to Bitcoin Ordinals.
The friendship began earlier this yr, when OKX grew to become one of many first mainstream marketplaces to assist the shopping for/promoting of Bitcoin Ordinals.
Seems this was a giant brained transfer, as a result of:
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Bitcoin Ordinals proceeded to blow up in reputation.
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Different competing NFT marketplaces have been sluggish to embrace Ordinals, giving OKX a powerful head begin.
“Okay, that is good. However why is that this within the ‘💅 That is cool‘ part”
As a result of this time final yr, OpenSea was the #1 NFT market (by an extended shot).
…then just a few months later, it was Blur.
Now, lower than a yr after Blur took the lead, OKX has changed it.
This type of month-to-month ‘ping ponging’ of market dominance would not occur in mature industries.
All of this helps to remind us that, though the crypto trade is shut to fifteen years previous:
We’re nonetheless so early!
