Blur Tops the NFT Marketplace Chart in January 2025

Blur Tops The NFT Marketplace Chart In January 2025

Disclosure

Updated: 03 February 2025

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Blur, a decentralized crypto and Ethereum-based non-fungible token marketplace that prioritizes in feeless transactions and renowned for offering crypto liquidity lending using non-fungible token collections as collateral, was the top most traded NFT market platform in January. In the past 30 days, the NFT marketplace has raised a trading sales volume of $439 million, taking 50% of the total marketplace volume.

Blur Leads the NFT Market Chart in Jan 2025

Data compiled by nftpulse.org, a multi-chain non-fungible token collections explorer, indicates that Blur was the most traded non-fungible token marketplace in January. From January 01 to February 02, the Blur NFT marketplace has amassed a trading sales volume of $439 million, flipping top NFT marketplaces such as the OpenSea and Magic Eden NFT marketplace. The NFT market has taken 50% of the total sales volume. In January, the NFT market recorded a trading sales volume of $876 million.

Magic Eden, one the largest cross-chain non-fungible token marketplaces, was the second most traded NFT market platform in January. From January 01 to February 02, the Magic Eden NFT market platform has amassed a trading sales volume of $143 million, taking 16% of the total market share. Magic Eden lost dominance to Blur after holding the position for the past seven months.

OpenSea, a leading non-fungible token marketplace on the Ethereum NFT ecosystem, was the third most-traded NFT marketplace in January, closely following Magic Eden in trading sales volume. In the past 30 days, the OpenSea NFT marketplace has amassed a trading sales volume of $141 million, taking 16 % of the five top NFT marketplace market shares. Ethereum-based NFTs took 88% of the total market share in the OpenSea NFT ecosystem.

OKX, a non-fungible token marketplace that works seamlessly with over 10 networks, including Ethereum, Solana, Polygon, and the BNB Chain blockchain network, was the fourth most-traded NFT marketplace in January. From January 1 to February 02, the OKX NFT marketplace recorded a trading sales volume of $50 million, taking 5.8% of the total market share. Base NFTs took 40% of the total market share in the OKX NFT ecosystem.

Tensor, one of the largest non-fungible token marketplaces on the Solana NFT ecosystem, was the fifth most traded NFT market platform in January, crawling behind the OKX NFT marketplace. From January 1 to February 02, the Tensor NFT market platform recorded a trading sales volume of $30 million, taking just 3.6% of the five most-traded NFT marketplace market shares.

Magic Eden Tops in NFT Marketplace Users

On the other hand, Magic Eden has outpaced the Blur NFT market platform as the most adopted NFT marketplace in January. In the past 30 days, the Magic Eden NFT market platform has recorded 178,000 users, taking 34% of the total marketplace users in January. In January, OpenSea and Tensor were the second and third most adopted NFT marketplaces, recording 162,000 and 108,000 users, respectively. OKX was the most adopted NFT marketplace in January, with 17,000 users.