The NFT Market Records $3.73B In Q2, 2024, Down 20% From Q1, 2024

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Q2 2024 NFT Report
Q2 2024 NFT Report

Join Our Telegram channel to stay up to date on breaking news coverage

The non-fungible token market has continued to demonstrate remarkable endurance over the past few months despite the high levels of market volatility. Despite experiencing a brutal market meltdown, the non-fungible token market has raised more than $3 billion in trading sales volume in the past three months.

Data compiled by Tiexo, an on-chain multi-chain non-fungible token explorer, indicates that the non-fungible token trading sales volume across the top five NFT market platforms surpassed the $3.7 billion mark, with one of the biggest multi-chain NFT marketplace, Magic Eden, taking the lion’s share. Below, we have listed the five top NFT marketplaces by trading sales volume:

Q2,2024 NFT Report

Five Top NFT Marketplaces In Q2, 2024

1. Magic Eden NFT Marketplace

Magic Eden was the most-traded NFT marketplace in the second quarter of 2024. In the past three months, the non-fungible token market platform has amassed $1.27 billion, representing 34% of the total market share. Out of the $1.27 billion, the non-fungible token created on the Bitcoin network took 61% of the market share, while Solana and Ethereum digital items took 22% and 16%, respectively.

2. Blur NFT Marketplace

Blur was the second most-traded NFT market platform in the second quarter of 2024. In the past three, the non-fungible token market platform recorded a trading sales volume of $1.04 billion, representing 27.79% of the total market volume. Since Blur was single-chained at the time, the Ethereum-based digital items took 100% of the market share.

3. OKX NFT Market Platform

OKX, a non-fungible token marketplace from a renowned crypto exchange, OKX, was the third most-traded NFT marketplace in Q2, 2024. In the past three months, the OKX NFT marketplace recorded a trading sales volume of $465 million, representing 12.48% of the total sale volume. During this time, the Bitcoin-based NFT collection took 99% of the total market volume.

4. UniSat NFT Marketplace

UniSat was the fourth most-traded NFT market platform in the second quarter of 2024. UniSat has recorded a trading sales volume of $376 million in the past three months, representing 10% of the total market volume. During this period, the Bitcoin-based NFT collection swept 100% of the total trading sale volume.

5. OpenSea NFT Marketplace

OpenSea, the leading non-fungible token marketplace in sales during the 2021-2022 historic bull run, was the fifth most-traded NFT marketplace in Q2, 2024. In the past three months, the NFT marketplace has attracted a trading sales volume of $346 million, taking 9.30% of the total $3.75 billion sales volume. Out of the $346 million, Ethereum, Polygon, and BNB-chain NFT collections took 52%, 40%, and 8%, respectively.

Five Top NFT Collections In Q2, 2024

1. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling from the digital asset firm Yuga Labs that features a fixed supply of 10,000 Ethereum-based NFTs, was the top-selling NFT collection in Q2, 2024. In the past three months, the Bored Ape NFT collection has amassed a trading sales volume of $193 million.

2. Runestone NFT Collection

Runestone, a non-fungible token created by crypto influencer Leonidas consisting of 112,384 unique digital items living on the Bitcoin network, was the second most-selling NFT collection in Q2, 2024. In the past three months, the Runestone NFT collection has recorded a trading sales volume of $144 million.

3. Dog-To-The-Moon NFT Collection

Dog-To-The-Moon, another non-fungible token collection from the crypto influencer Leonidas, was the third most-selling NFT collection in Q2, 2024. In the past three months, the Dog-To-The-Moon NFT collection has recorded a trading sales volume of $142 million.

4. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from the toy brand Pudgy Penguins that features a fixed edition of 8,888 NFTs hosted on the Ethereum blockchain network, was the fourth most-selling NFT collection in Q2,2024. In the past three months, the Pudgy Penguins NFT collection has raised a trading sales volume of $138 million.

5. Mutant Ape Yacht Club NFT Collection

Mutant Ape Yacht Club, another non-fungible token collection managed by Yuga Labs featuring a limited supply of 20,000 NFTs hosted on Ethereum, was the fifth most-selling NFT collection. In the past three months, the Mutant Ape Yacht Club NFT collection has attracted a trading sales volume of $116 million.

Related NFT News:

Newest Meme Coin ICO - Wall Street Pepe

Rating

Wall Street Pepe
  • Audited By Coinsult
  • Early Access Presale Round
  • Private Trading Alpha For $WEPE Army
  • Staking Pool - High Dynamic APY
Wall Street Pepe

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Please enter Coingecko & CoinMarketcap Api Key to get this plugin works