Magic Eden Reclaims NFT Market Dominance, Topples OpenSea as Most Traded NFT Marketplace This Week

Magic Eden, one the leading cross-chain non-fungible token market platforms, has regained its initial dominance in the non-fungible token market

Magic Eden, a cross-chain NFT marketplace, has emerged as the most traded NFT marketplace in the past seven days, regaining its top position in the NFT market. Here are the five top-traded NFT marketplaces, ranked by weekly sales volume:

1. Magic Eden NFT Marketplace Surges in NFT Trading Sales This Week

According to data compiled by Tiexo.com, an on-chain crypto market data aggregator and a multi-chain NFT explorer, Magic Eden has risen in market ranking to become the most traded NFT marketplace in the NFT market. In the past seven days, the Magic Eden has recorded a trading sale volume of $29 million.

Magic Eden, the leading marketplace in Solana’s NFT ecosystem, lost its glory a few weeks ago after the OpenSea NFT marketplace rose again to dominance. However, in an unexpected turn of events, the Magic Eden NFT marketplace is back to being the #1 NFT marketplace on all chains this week.

2. OpenSea NFT Marketplace

OpenSea, a leading non-fungible token marketplace on the Ethereum NFT ecosystem, has been this week’s second most-traded NFT marketplace, following closely behind Magic Eden in trading sales volume. In the past seven days, OpenSea has amassed a trading sales volume of $24.46 million, representing 26.16 % of the five most-traded NFT marketplace market share.

3. Blur NFT Marketplace

Blur, Ethereum’s NFT marketplace designed for professional traders and a market rival to Magic Eden and OpenSea, has been this week’s third most-traded NFT marketplace. In the past seven days, the Blur NFT market platform has raised a sales volume of $22.05 million, representing 23.58% of the total five most-traded NFT marketplace market share.

4. Tensor NFT Marketplace

Tensor, a leading non-fungible token marketplace on the Solana NFT ecosystem, has been this week’s fourth most traded NFT marketplace, crawling behind the Blur NFT marketplace. In the past seven days, the Tensor NFT marketplace has recorded a trading sales volume of $9.83 million, taking just 10% of the five most-traded NFT marketplace market share.

5. CryptoPunks NFT Marketplace

CryptoPunks.eth, an Ethereum-powered non-fungible token marketplace dedicated exclusively to the CryptoPunks NFT collection, has been this week’s fifth most-traded NFT marketplace. In the past seven days, CryptoPunks NFT marketplace has amassed a trading sales volume of $2.11 million, closing our five top traded NFT marketplaces this week.

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