The NFT market registers $3.73 billion in Q2 2024, down 20% from Q1 2024

The non-fungible token market has continued to show remarkable staying power in recent months, despite high market volatility. Despite experiencing a brutal market crash, the non-fungible token market has raised more than $3 billion in trading volume in the past three months.

Data collected by Tiexo, an on-chain multi-chain non-fungible token explorer, indicates that non-fungible token trading sales volume on the top five NFT market platforms has surpassed $3.7 billion, with one of the largest multi-chain NFT marketplaces , Magic Eden , where the lion’s share was acquired. Below we’ve listed the five best NFT marketplaces, ranked by trading 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. Of the $1.27 billion, the non-fungible token created on the Bitcoin network took 61% of the market share, while digital assets Solana and Ethereum took 22% and 16% respectively.

2. NFT marketplace fade

Blur was the second most traded NFT market platform in the second quarter of 2024. Over the past three years, 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, its Ethereum-based digital assets 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 the second quarter of 2024. In the last three months, the OKX NFT marketplace recorded a trading sales volume of $465 million, which amounts to at $12.48 million. % of total sales volume. During this time, the Bitcoin-based NFT collection took up 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 over the past three months, representing 10% of the total market volume. During this period, the Bitcoin-based NFT collection represented 100% of the total trading sales volume.

5. OpenSea NFT Marketplace

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

Five top NFT collections in the second quarter of 2024

1. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time best-selling venture from digital asset firm Yuga Labs with a steady supply of 10,000 Ethereum-based NFTs, was the top-selling NFT collection in the second quarter of 2024. In the past three months, the Bored Ape NFT collection has amassed a trade 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 sold NFT collection in the second quarter of 2024. In the past three months the Runestone NFT collection has a trading volume of $144 million.

3. Dog-To-The-Moon NFT Collection

Dog-To-The-Moon, another non-fungible token collection from crypto influencer Leonidas, was the third most sold NFT collection in the second quarter of 2024. Over the past three months, the Dog-To-The-Moon NFT collection recorded a trade sales volume of $142 million.

4. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from toy brand Pudgy Penguins with a fixed edition of 8,888 NFTs hosted on the Ethereum blockchain network, was the fourth most sold NFT collection in the second quarter of 2024. Over the past three months, the Pudgy Penguins NFT Collection Achieves $138 Million in Trading Volume.

5. Mutant Ape Yacht Club NFT Collection

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

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