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OKX NFT marketplace overtakes OpenSea and Blur in trading volume


The daily trading volume of the OKX non-fungible tokens (NFT) marketplace has surpassed market leaders Blur and Magic Eden.

On Dec. 18, the trading platform’s indicator was $45.31 million putting it in front of Blur, Magic Eden, UnitSat and OpenSea in terms of trading volume.

OKX NFT marketplace overtakes OpenSea and Blur in trading volume - 1
Source: DappRadar

The growth of the OKX platform is due to an increase in the trading volume of Bitcoin (BTC) NFTs.

On Dec. 15, the crypto exchange listed SATS, a BRC-20 standard token, an asset that competitors like OpenSea and Blur do not yet support.

Blur daily trading volume topped out at $13.48 million, while Magic Eden took third-place with $7.63 million followed by UniSat with $3.3 million.

From Dec. 10 to 17, trading volume on OKX surpassed $305.44 million; the week earlier, it was $121.28 million, according to CryptoSlam. The NFT trading volume on Ethereum (ETH), by contrast, reached $93.45 million during that same period. While on Solana — the blockchain witnessing a surge in NFT activity as of late — hit $90.74 million.

In December, Ordinals tokens overloaded the BTC-20 network five times, causing transferring fees to jump. Transfer fees hit a record high of $37 per transaction this past May. 

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