NFT Market Booms: Magic Eden Reclaims Top Spot with $29M Sales, Solana Monkey Business Leads Collections

July 29, 2024
NFT Market Booms: Magic Eden Reclaims Top Spot with $29M Sales, Solana Monkey Business Leads Collections
  • The global non-fungible token (NFT) market has experienced a resurgence, with trading sales volume surpassing $100 million for the third consecutive week.

  • Magic Eden has reclaimed its status as the leading NFT marketplace, reporting a trading sales volume of $29 million in the past week.

  • This recent resurgence for Magic Eden follows a period of decline when OpenSea briefly regained dominance in the NFT market.

  • OpenSea ranks as the second most-traded NFT marketplace, amassing $24.46 million in sales, which accounts for 26.16% of the total market share among the top five platforms.

  • Blur, catering to professional traders, holds the third position with a trading sales volume of $22.05 million, representing 23.58% of the top five NFT marketplace market share.

  • Tensor, another NFT marketplace on the Solana ecosystem, ranks fourth with a sales volume of $9.83 million, capturing 10% of the market share.

  • Pudgy Penguins is the second best-selling collection this week, achieving a trading volume of $4.56 million, marking a significant rise of 67% week-over-week.

  • The top-selling NFT collection is Solana Monkey Business, generating a trading volume of $5.87 million, reflecting a 20% increase from the previous week.

  • Quantum Cats follows as the fourth best-selling collection, achieving a trading volume of $2.63 million, an impressive increase of 137% from last week.

  • Genesis Ape ranks sixth, generating $2.42 million in sales over the week.

  • Retardio Cousins is eighth, with a trading volume of $2.13 million and a 28.5% increase from the previous week.

  • Froganas follows in fifth place with a volume of $2.43 million, but saw a decrease of 36% from the previous week.

Summary based on 2 sources


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