After OpenSea retreated, Blur took 80% of the market share of NFTs: data In a year of significant recovery in the broader cryptocurrency market, the non-fungible token (NFT) industry has shown a very different fare.
While industry leaders such as OpenSea have historically dominated the NFT space, relatively new players such as the Blur NFT marketplace have emerged as strong contenders.
● As of December 3, ETH Fang NFT market trading volume has risen significantly, reaching an impressive $34.786 million. The surge is the highest since June 29, according to data compiled by Dune Analytics.
. The NFT market has started to decline from the peak of its boom in 2021. OpenSea used to be the unrivaled leader in the NFT space, accounting for the majority of the market's trading volume, and then being the sole dominant player.
● For example, Blur emerged as the frontrunner with 80% of the market share, while OpenSea lagged behind with only 18% of the market share.
● At the same time, the value of certain NFT collections has increased significantly in the past 24 hours.
For example, pudgy penguins hit new highs, soaring 18% to break the 10-ETH mark.
Other collections, including Azuki and Milady, also saw significant growth, with increases of more than 9% and 10%, respectively.
● NFT sales in the third quarter of 2023 were the worst in the market in nearly three years, falling below $300 million.
● In the quarter, well-known series such as Azuki, Bored Ape Yacht Club and Mutant Ape Yacht Club decreased by more than 25% quarter-on-quarter.
NFT collections related to games and metaverses also experienced the most significant decline last quarter, plunging by more than 40%.
● However, the latest dynamic change comes after the industry made a comeback in November after a year of downtrend. After Blur retreated as OpenSea took 80% of the NFT market share: the data first appeared on CryptoPotato.
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#Bitcoin突破40K, 牛市来了吗?
After OpenSea retreated, Blur took 80% of the market share of NFTs: data
In a year of significant recovery in the broader cryptocurrency market, the non-fungible token (NFT) industry has shown a very different fare.
While industry leaders such as OpenSea have historically dominated the NFT space, relatively new players such as the Blur NFT marketplace have emerged as strong contenders.
● As of December 3, ETH Fang NFT market trading volume has risen significantly, reaching an impressive $34.786 million. The surge is the highest since June 29, according to data compiled by Dune Analytics.
. The NFT market has started to decline from the peak of its boom in 2021. OpenSea used to be the unrivaled leader in the NFT space, accounting for the majority of the market's trading volume, and then being the sole dominant player.
● For example, Blur emerged as the frontrunner with 80% of the market share, while OpenSea lagged behind with only 18% of the market share.
● At the same time, the value of certain NFT collections has increased significantly in the past 24 hours.
For example, pudgy penguins hit new highs, soaring 18% to break the 10-ETH mark.
Other collections, including Azuki and Milady, also saw significant growth, with increases of more than 9% and 10%, respectively.
● NFT sales in the third quarter of 2023 were the worst in the market in nearly three years, falling below $300 million.
● In the quarter, well-known series such as Azuki, Bored Ape Yacht Club and Mutant Ape Yacht Club decreased by more than 25% quarter-on-quarter.
NFT collections related to games and metaverses also experienced the most significant decline last quarter, plunging by more than 40%.
● However, the latest dynamic change comes after the industry made a comeback in November after a year of downtrend.
After Blur retreated as OpenSea took 80% of the NFT market share: the data first appeared on CryptoPotato.