OpenSea Rises In Trading Volume - Becomes The Leading NFT Marketplace In Sep 2024

OpenSea Rises In Trading Volume – Becomes The Leading NFT Marketplace In Sep 2024

Updated: 29 September 2024

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Despite intense scrutiny from the United States Securities and Exchange Commission, OpenSea, a non-fungible token marketplace that allows users to buy, sell, create, and trade NFTs, has recorded the largest monthly trading sales volume. In September, the NFT marketplace surpassed industry leaders in trading volumes, such as Magic Eden and Blur, to become the leading NFT marketplace.

OpenSea Tops In Trading Volume In September 2024

Data composed by Tiexo.com, a revolutionary multi-chain NFT market explorer and crypto data indexer that empowers crypto investors to make informed decisions before buying or selling NFTs, indicates that the OpenSea has recorded over $115 million in the past 30 days, becoming the leading NFT marketplace in September 2024.OpenSea NFT marketplace has taken 35% of the total market share.

Created in 2017, OpenSea is a digital non-fungible token market platform that supports various categories of NFTs, including art, music, collectibles, virtual lands, sports assets, domain names, and utility NFTs as membership passes. OpenSea prides itself on being the first and largest NFT platform to provide essential non-fungible token collection services.

Last month, the OpenSea NFT market platform received a wells notice from the United States Securities and Exchange Commission, alleging that all non-fungible token collections on its platforms were securities. Despite the recent market turbulence, the NFT market platform has remained strong this month, taking down industry leaders like Magic Eden and Blur. Fortunately, the commission recently clarified NFTs are not securities.

Magic Eden Ranks 2nd In The Top NFT Marketplaces In Sept 2024

Based on Tiexo data, Magic Eden is the second leading NFT marketplace in September 2024. In the past 30 days, the Magic Eden NFT marketplace has recorded a trading sales volume of over $85 million, taking 25% of the market share. Magic Eden is the leading cross-chain NFT market platform, building a user-friendly platform for minting and collecting NFTs.

Blur, an Ethereum-based non-fungible token marketplace that allows users to transact without fees and even borrow crypto with NFT portfolios as collateral, is the third most traded NFT marketplace in September 2024. In the past 30 days, the Blur NFT marketplace has amassed a trading sale volume of $72 million, taking 21.2% of the total NFT market sales volume.

Tensor, a leading Solana-based marketplace offering crypto users a smooth, fast, and secure NFT trading platform, and CryptoPunks.eth, a new and innovative NFT marketplace dedicated exclusively to the iconic 10,000 CryptoPunks NFT collection, are the fourth and fifth most traded NFT collection. In the past 30 days, the Tensor NFT marketplace has recorded a trading volume of $23 million, while the Punks NFT marketplace has amassed a trading sales volume of $18 million.