OKX Surpasses NFT Trading Giants

A Shift in NFT Trading Dynamics
The NFT market experiences a seismic shift as OKX, a leading NFT trading platform, eclipses heavyweights Blur and OpenSea. This surge coincides with the addition of Solana NFTs to the OKX wallet, marking a substantial uptick in trading activity.

Outpacing Competition
In the past 24 hours, OKX’s NFT trading volume soared to over $50 million, surpassing Blur’s $13.21 million and OpenSea’s $3.25 million, as per DappRadar data. Magic Eden and UniSat trailed behind with volumes at $7.63 million and $3.82 million, respectively.

Bitcoin Ordinals Propel Surge
The spike in OKX’s platform usage aligns with a surge in NFT trading on the Bitcoin network. CryptoSlam data reflects a remarkable uptick to $305.44 million in Bitcoin’s NFT trading volume in a week, surpassing Ethereum and Solana at $93.45 million and $90.74 million, respectively.
Bitcoin Ordinals’ widespread excitement has sparked investment fervor, with Tap Protocol securing $4.2 million for Bitcoin-based developments.

Solana’s Integration into OKX Wallet
Solana, riding high on $BONK’s limelight, now integrates its NFTs into the OKX Wallet. The platform enables users to list Solana-based NFTs across three major marketplaces, comprising OKX’s zero-fee platform, Magic Eden’s community-driven ethos, and Tensor’s burgeoning presence in the Solana NFT sphere.

OKX’s Evolving Footprint
OKX’s recent strides underscore its commitment to pioneering Web3’s future. With continuous innovation and product expansion, the platform caters to diverse users, cementing its stance as a robust contender in the expanding NFT marketplace. This strategic approach solidifies OKX’s standing as an influential force in the NFT sector.

Related article: Blur Surpasses OpenSea as the Leading NFT Marketplace