Blur and OpenSea Just Got Beat. OKX is Now the Largest NFT Marketplace by Trading Volume.

TL;DR

Yesterday, buying and selling quantity for OKX’s NFT platform was over $50M, making it the biggest NFT market by day by day buying and selling quantity, leaving Blur (the earlier market chief), in a distant second place at simply over $13M.

The friendship began earlier this 12 months, when OKX turned one of many first mainstream marketplaces to help the shopping for/promoting of Bitcoin Ordinals.

The month-to-month ‘ping ponging’ of market dominance between the NFT platforms does not occur in mature industries which helps remind us that we’re nonetheless so early!

Full Story

Did the OKX alternate and Bitcoin Ordinals (aka Bitcoin NFTs) simply grow to be greatest associates?

Yup! Appears prefer it.

Yesterday, buying and selling quantity for OKX’s NFT platform was over $50M, making it the biggest NFT market by day by day buying and selling quantity, leaving Blur (the earlier market chief), in a distant second place at simply over $13M.

And it was all because of Bitcoin Ordinals.

The friendship began earlier this 12 months, when OKX turned one of many first mainstream marketplaces to help the shopping for/promoting of Bitcoin Ordinals.

Seems this was a giant brained transfer, as a result of:

Bitcoin Ordinals proceeded to blow up in reputation.

Different competing NFT marketplaces had been gradual to embrace Ordinals, giving OKX a formidable head begin.

“Okay, that is good. However why is that this within the ‘💅 That is cool’ part”

As a result of this time final 12 months, OpenSea was the number one NFT market (by a protracted shot).

…then just a few months later, it was Blur.

Now, lower than a 12 months after Blur took the lead, OKX has changed it.

This sort of month-to-month ‘ping ponging’ of market dominance does not occur in mature industries.

All of this helps to remind us that, though the crypto trade is shut to fifteen years outdated:

We’re nonetheless so early!