NFTs News

OKX NFT Trading Soars 114%, Overtakes Blur and OpenSea in DeFi Craze

OKX-NFT-Trading-Soars-114-persent-Overtakes-Blur-and-OpenSea-in-DeFi-Craze

Key Points:

OKX NFT Marketplace soars, hitting $11.54M in trading volume on Sept 16, outperforming Blur and OpenSea.
Boasting 49.6% of Blur’s active addresses and 14.8% of OpenSea’s, it’s the go-to choice for DeFi enthusiasts.
31.13% of addresses belong to Power Users, showcasing OKX’s appeal to experienced NFT traders.

OKX NFT Marketplace has demonstrated its prowess by recording an astonishing 114% surge in trading volume, reaching a staggering $11.54 million on September 16.

This remarkable achievement catapulted OKX NFT Marketplace ahead of industry rivals, Blur and OpenSea, in terms of trading activity.

The marketplace’s rapid ascent can be attributed to its strategic focus on aggregating liquidity from various exchanges. By providing a seamless and efficient platform for NFT trading, OKX has successfully attracted a significant influx of users seeking to capitalize on the booming NFT market.

What sets OKX NFT Marketplace apart is its ability to cater to the burgeoning community of DeFi enthusiasts, affectionately known as “Degen players.” With overall active addresses accounting for approximately 49.6% of Blur and 14.8% of OpenSea, OKX NFT Marketplace’s offerings have evidently struck a chord with this niche segment of the market. Its user-friendly interface and diverse range of NFT collections have solidified its reputation as a go-to destination for DeFi enthusiasts.

A substantial 31.13% of the marketplace’s addresses belong to Power Users, further underlining the platform’s appeal to experienced NFT traders and collectors. This diverse user base fosters an environment of innovation and growth, ensuring that OKX NFT Marketplace remains a dynamic and influential player in the NFT space.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.