OKX’s NFT platform surged ahead of rivals like OpenSea, Blur, and Magic Eden with a staggering $50 million in daily trading volume on December 18, as per DappRadar.
Though the volume has dipped to $35 million, it surpasses the combined trading volume of its competitors, standing strong at $24 million. This spike is linked to OKX’s Bitcoin Ordinals trading. Bitcoin network’s NFT sales, at $404 million in the last 7 days, outpaced Ethereum and Solana.
The NFT market, approaching a $1 billion collective volume in November, saw a 114% increase in average transaction values, signaling a growing appetite for higher-value trades.