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

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:

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.

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