Magic Eden has emerged as a dominant force in the NFT marketplace, surpassing Blur to become the leading platform in terms of monthly users and market share. According to recent data, Magic Eden now holds an 80.58% market share, with a 24-hour total volume of 45.51K SOL. It also accounts for 84% of total marketplace revenue, significantly outpacing competitors. Despite Blur retaining the top spot in trading volume in Q1 with $1.5 billion, Magic Eden's recent surge, particularly in March, was fueled by new reward programs, leading to its increased prominence. Notably, Magic Eden is native to the Solana blockchain.
BLUR LEADS NFT MARKET, MAGIC EDEN GAINS MOMENTUM Blur retained its position as the top NFT marketplace in Q1, recording $1.5B in trading volume. However, Magic Eden’s trading volume surged in March, driven by new reward programs. Source: The Block https://t.co/rO53mnJzkj
Top 5 NFT Marketplaces 🔥 Magic Eden: - protects creator royalties - has over 50% share - more share than all other marketplaces COMBINED - 84% of total marketplace revenue - SOLANA NATIVE https://t.co/qD8kU9YkDx
Magic Eden surpasses #Blur to become the number-one NFT marketplace https://t.co/xrwdeLrMI3
Blur remained top NFT marketplace in Q1 as Magic Eden surged last month https://t.co/2cQpcL3w1Y
🚨 JUST IN: @MagicEden continues to lead the top marketplaces ranking with the highest volume, representing 80.58% of the market share. Total Volume (24h): 45.51K ◎ https://t.co/PnSr8hLnON
🚨 REPORT: @MagicEden has become the biggest NFT Marketplace by Monthly Users across all chains. https://t.co/jGwrQ14UGw