{"id":26785,"date":"2022-10-31T12:27:07","date_gmt":"2022-10-31T06:57:07","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=26785"},"modified":"2022-10-31T12:27:07","modified_gmt":"2022-10-31T06:57:07","slug":"top-5-nft-marketplaces-surpass-40b-in-all-time-sales","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/top-5-nft-marketplaces-surpass-40b-in-all-time-sales\/","title":{"rendered":"Top 5 NFT marketplaces surpass $40B in all-time sales"},"content":{"rendered":"

The all-time sales of Non-Fungible Tokens (NFT) in the top five NFT marketplaces has surpassed $40 billion, according to dApp and NFT tracker DappRadar<\/a>. The marketplaces have reported sales to the tune of $43.44 billion, approximately. OpenSea dominates the top five with close to 75% of the market share, as of today.<\/p>\n

The top five NFT marketplaces are OpenSea, Axie Marketplace, CryptoPunks, Magic Eden, and LooksRare.<\/p>\n

Over 2.34 million traders, statistics from DappRadar show, bought NFTs valued at $32.77 billion on OpenSea. As many as 2.1 million traders bought NFTs worth over $4.26 billion on Axie Marketplace; 7,162 traders bought NFTs worth over $2.96 billion on CryptoPunks; and 1.2 million traders bought NFTs worth over $1.83 billion on Magic Eden. LooksRare came in last with around 107,000 traders buying NFTs worth over $1.62 billion on its site.<\/p>\n

The average NFT price paid on OpenSea is $352. That number changes to $171 on Axie Marketplace. The average prices on Magic Eden and LooksRare are $124 and $6.59K, respectively. CryptoPunks pocketed the highest average price paid per NFT with traders paying $132K for each NFT on average on the platform.<\/p>\n

The drop in the price of cryptos has partially impacted the sales and NFT price. The third quarter<\/a> of 2022 saw NFT sales plummet to $3.4 billion. In Q2, the same sales figures were at $8.4 billion. NFT sales were at their peak of $12.5 billion during the first quarter.<\/p>\n

The last 30 days\u2019 statistics suggest that X2Y2, an NFT marketplace built on Ethereum, has become the second-largest NFT marketplace after OpenSea. In October 2022, X2Y2 netted close to $67.2 million in NFT sales compared to $309 million on OpenSea.<\/p>\n

Meanwhile, Axie Marketplace fell to the 9th position in terms of the trading volume.<\/p>\n

Recently, the popular content aggregator platform Reddit also reported<\/a> a surge in NFT sales. Some collections managed to sell for floor prices above $2,000. A Spooky Season avatar by pseudonymous artist poieeeyeee was sold for the highest price of 18 ETH (about $24,150).<\/p>\n","protected":false},"excerpt":{"rendered":"

The all-time sales of Non-Fungible Tokens (NFT) in the top five NFT marketplaces has surpassed $40 billion, according to dApp and NFT tracker DappRadar. The marketplaces have reported sales to the tune of $43.44 billion, approximately. OpenSea dominates the top five with close to 75% of the market share, as of today. The top five […]<\/p>\n","protected":false},"author":67,"featured_media":26786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536],"class_list":["post-26785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Deepan Datta\",\"description\":\"A keen observer of the crypto market and believes crypto\/blockchain will bring the next phase of the industrial revolution and build an inclusive society.\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/deepan\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ea29018d03e4615947c5df3ce7b4030b?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Article Default Disclaimer"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=26785"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26785\/revisions"}],"predecessor-version":[{"id":26790,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26785\/revisions\/26790"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/26786"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=26785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=26785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=26785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}