Magic Eden NFT marketplace surpasses Blur in trading volume

Main Points Related to Bitcoin, Web3, Ethereum, and Cryptocurrency:

  • Magic Eden surpassed Blur in trading volume in April, reaching $486 million.
  • Ordinals trading tokens played a significant role in Magic Eden’s success, accounting for 70% of the market volume.
  • Runestone collections took the lead over Bored Ape Yacht Club.
  • Total NFT trading volume on Bitcoin increased by 32% in April, reaching $675 million.
  • DappRadar reported April’s total NFT trading volume at $1.35 billion, down 13% from the previous month.

Magic Eden Surpasses Blur in NFT Trading Volume

In April, Magic Eden emerged as the top NFT marketplace in terms of trading volume, surpassing Blur by reaching $486 million. The platform’s success can be attributed to its support of Ordinals trading tokens, which accounted for 70% of the market volume. Additionally, partnerships with Yuga Labs and the introduction of the Diamond rewards program contributed to Magic Eden’s growth.

Runestone Collections Lead Over Bored Ape Yacht Club

Runestone collections took the lead over Bored Ape Yacht Club in the NFT space. The popularity of digital collectible assets on Bitcoin, such as Ordinals and Runes, was highlighted by the entry of UniSat and OKX NFT Marketplace into the top five trading platforms. The total trading volume of NFT collections on Bitcoin also saw a significant increase of 32% in April, reaching $675 million.

Growing Popularity of Blast in the NFT Space

DappRadar experts noted the growing popularity of Blast in the NFT space, attracting traders through farming points for future airdrops linked to the deployment of Blur on the protocol. Despite a slight decrease in April’s total NFT trading volume to $1.35 billion, the trend towards the $1 billion mark has been consistent since December 2023.

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