Top 5 NFT Marketplaces Surpass $40 Billion in All-Time Sales – Blockchain Bitcoin News

While non-fungible token (NFT) sales have fallen since the beginning of the year, the top five marketplaces, in terms of the largest number of sales of all time, have reached more than $40 billion. In addition, NFT marketplace platform Opensea achieved over $32 billion in sales as the NFT marketplace platform currently dominates the top five NFT marketplaces with 79%.

Top 5 NFT markets cross $40 billion in all-time sales, Opensea dominates with 79%

During the month of October, the top five NFT marketplaces passed $40 billion in all-time sales, with approximately $41.36 billion on October 29, 2022. The largest NFT marketplace in terms of sales was Opensea as it approaches $33 billion range with $32.76 billion recorded on Saturday.

Statistics from dappradar.com indicate that the sale of $32.76 billion was carried out by $2.34 million traders. On Saturday 29 October, the average price paid for an NFT via Opensea is around 352 dollars.

Opensea is followed by Axie Marketplace ($4.26B), Magic Eden ($1.83B), Looksrare ($1.62B) and X2Y2 ($891M). Axie Marketplace tends to NFTs originating from the play-to-earn (P2E) blockchain game Axie Infinity, and the marketplace has seen 2.17 million traders to date.

The average price paid for an NFT via the Axie Marketplace is around $171. Solana’s Magic Eden has achieved $1.83 billion in sales settled by 1.21 million traders. The average value paid for an NFT on Magic Eden on October 29 is $124.

NFT marketplace Looksrare has seen fewer traders, as records show 107,636 settled trades via the Looksrare marketplace. However, the average price paid for an NFT on Saturday is far higher, as the average NFT sale is $6.59K on Looksrare.

X2Y2 hasn’t made a billion in NFT sales yet, but it’s moving toward that milestone. On October 29, 2022, the NFT market X2Y2 settled $891 million among 158,273 traders. The average price paid for one NFT on X2Y2 is approximately $582.78 at the time of writing.

Other leading NFT marketplaces in terms of all-time sales include Mobox ($694M), Solanart ($665M), Bloctobay ($458M), Atomicmarket ($435M), Immutable X Marketplace ($337M) and Rarible ($300M) respectively . Despite the decline in monthly sales, more than $40 billion in lifetime sales among the top five markets is a feat.

Data from cryptoslam.io shows that NFT sales worldwide in the last 30 days increased to $426 million, which is down 21.32% from the previous month. The last 30 days saw around 4,556,057 NFT transactions among 510,859 NFT buyers.

What do you think of the top five NFT marketplaces surpassing more than $40 billion in all-time NFT sales? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the news editor at Bitcoin.com News and a financial technology journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.