NFT Market Booms: Magic Eden Reclaims Top Spot with $29M Sales, Solana Monkey Business Leads Collections
July 29, 2024The 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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Sources
InsideBitcoins.com • Jul 28, 2024
Top Selling NFTs This Week – SMB, Pudgy Penguins & Bored Ape Lead In Sales VolumeInsideBitcoins.com • Jul 28, 2024
Magic Eden Outpaces OpenSea In Sales Volume - Becomes The Most Traded NFT Marketplace