Non-Fundable Token (NFT) sales have been slow since the beginning of the year, but the top five marketplaces with the most sales in history have reached over $40 billion. Additionally, NFT marketplace platform Oppensea, which currently dominates 79% of the top five NFT marketplaces, has garnered over $32 billion in sales.
The top five NFT marketplaces exceed $40 billion in all-time sales, with Oppensea dominating at 79%
During the month of October, the top five NFT marketplaces surpassed $40 billion in all-time sales with approximately $41.36 billion on October 29, 2022. The largest NFT Marketplace by sales recorded $32.76 billion on Saturday, approaching the $33 billion mark, and thus became Oppensea.
Statistics from dappradar.comshow that the $32.76 billion in sales were executed by 2.34 million traders; on Saturday, October 29, the average price paid for NFTs via Opensea was about $352
.
Following Opensea are Axie Marketplace ($4.26 billion), Magic Eden ($1.83 billion), Looksrare ($1.62 billion), and X2Y2 ($810 million).
Axie Marketplace is the only company that has a trending toward NFTs derived from the play-to-ear (P2E) blockchain game Axie Infinity, and the market has seen 2.17 million traders to date.
The average price paid for NFTs via Axie Marketplace is about $171. Solana’s Magic Eden has earned $1.83 billion in sales settled by 1.21 million traders; the average price paid to NFTs on Magic Eden on October 29 was $124
The NFT marketplace Looksrare has fewer traders, as records show 107,636 settled transactions via the Looksrare market. However, the average price paid for NFTs on Saturday is much larger, as the average NFT sale on Looksrare is $6.59K.
X2Y2 has not yet surpassed 1 billion in NFT sales, but it is making incremental progress toward that milestone. on October 29, 2022, the NFT market X2Y2 settled $891 million among 158,273 traders. to X2Y2 NFTs. The average price paid was approximately $582.78 as of this writing.
Other NFT marketplaces leading in lifetime sales are Mobox ($694M), Solanart ($665M), Bloctobay ($458M), Atomicmarket ($435M), and Immutable X Marketplace ($337M), and Rarible ($300M). While monthly sales are down significantly, lifetime sales of over $40B for the top 5 markets is quite impressive.
Data from cryptoslam.ioshows that global NFT sales for the past 30 days reached $426M, down 21.32% from the previous month. In the past 30 days, approximately 4,556,057 NFT transactions took place among 510,859 NFT buyers.
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