The NFT Market Records $3.73B In Q2, 2024, Down 20% From Q1, 2024

On Jul 2, 2024

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The non-fungible token market has continued to demonstrate remarkable endurance over the past few months despite the high levels of market volatility. Despite experiencing a brutal market meltdown, the non-fungible token market has raised more than $3 billion in trading sales volume in the past three months.

Data compiled by Tiexo, an on-chain multi-chain non-fungible token explorer, indicates that the non-fungible token trading sales volume across the top five NFT market platforms surpassed the $3.7 billion mark, with one of the biggest multi-chain NFT marketplace, Magic Eden, taking the lion’s share. Below, we have listed the five top NFT marketplaces by trading sales volume:

Five Top NFT Marketplaces In Q2, 2024

1. Magic Eden NFT Marketplace

Magic Eden was the most-traded NFT marketplace in the second quarter of 2024. In the past three months, the non-fungible token market platform has amassed $1.27 billion, representing 34% of the total market share. Out of the $1.27 billion, the non-fungible token created on the Bitcoin network took 61% of the market share, while Solana and Ethereum digital items took 22% and 16%, respectively.

2. Blur NFT Marketplace

Blur was the second most-traded NFT market platform in the second quarter of 2024. In the past three, the non-fungible token market platform recorded a trading sales volume of $1.04 billion, representing 27.79% of the total market volume. Since Blur was single-chained at the time, the Ethereum-based digital items took 100% of the market share.

3. OKX NFT Market Platform

OKX, a non-fungible token marketplace from a renowned crypto exchange, OKX, was the third most-traded NFT marketplace in Q2, 2024. In the past three months, the OKX NFT marketplace recorded a trading sales volume of $465 million, representing 12.48% of the total sale volume. During this time, the Bitcoin-based NFT collection took 99% of the total market volume.

4. UniSat NFT Marketplace

UniSat was the fourth most-traded NFT market platform in the second quarter of 2024. UniSat has recorded a trading sales volume of $376 million in the past three months, representing 10% of the total market volume. During this period, the Bitcoin-based NFT collection swept 100% of the total trading sale volume.

5. OpenSea NFT Marketplace

OpenSea, the leading non-fungible token marketplace in sales during the 2021-2022 historic bull run, was the fifth most-traded NFT marketplace in Q2, 2024. In the past three months, the NFT marketplace has attracted a trading sales volume of $346 million, taking 9.30% of the total $3.75 billion sales volume. Out of the $346 million, Ethereum, Polygon, and BNB-chain NFT collections took 52%, 40%, and 8%, respectively.

Five Top NFT Collections In Q2, 2024

1. Bored Ape Yacht Club NFT Collection

Bored Ape Yacht Club, an all-time top-selling from the digital asset firm Yuga Labs that features a fixed supply of 10,000 Ethereum-based NFTs, was the top-selling NFT collection in Q2, 2024. In the past three months, the Bored Ape NFT collection has amassed a trading sales volume of $193 million.

2. Runestone NFT Collection

Runestone, a non-fungible token created by crypto influencer Leonidas consisting of 112,384 unique digital items living on the Bitcoin network, was the second most-selling NFT collection in Q2, 2024. In the past three months, the Runestone NFT collection has recorded a trading sales volume of $144 million.

3. Dog-To-The-Moon NFT Collection

Dog-To-The-Moon, another non-fungible token collection from the crypto influencer Leonidas, was the third most-selling NFT collection in Q2, 2024. In the past three months, the Dog-To-The-Moon NFT collection has recorded a trading sales volume of $142 million.

4. Pudgy Penguins NFT Collection

Pudgy Penguins, a non-fungible token collection from the toy brand Pudgy Penguins that features a fixed edition of 8,888 NFTs hosted on the Ethereum blockchain network, was the fourth most-selling NFT collection in Q2,2024. In the past three months, the Pudgy Penguins NFT collection has raised a trading sales volume of $138 million.

5. Mutant Ape Yacht Club NFT Collection

Mutant Ape Yacht Club, another non-fungible token collection managed by Yuga Labs featuring a limited supply of 20,000 NFTs hosted on Ethereum, was the fifth most-selling NFT collection. In the past three months, the Mutant Ape Yacht Club NFT collection has attracted a trading sales volume of $116 million.