In April, Magic Eden’s transaction volume surpassed Blur and became the top NFT trading platform
According to the April 2024 Dapp industry report released by DappRadar, Magic Eden's trading volume is $108 million higher than Blur, mainly due to its expansion in Bitcoin Ordinals and dynamic rewards. Bitcoin Ordinals transactions account for 70% of its total transaction volume. The report also emphasized the changes in the NFT market, with total transaction volume dropping to $1.35 billion in April, a 13% decrease from the previous month, while sales increased by 20%. This trend can be attributed to the popularity of Runestone, a Bitcoin inscription that has surpassed Bored Ape Yacht Club to become the NFT with the highest trading volume.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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