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The Rise and Fall of NFT Marketplaces: Who's the King Now?

Sep 13, 2024 am 12:42 AM
Trading Volume NFTs Marketplace

In 2021, the NFT market saw explosive growth, thanks in part to the soaring popularity of cryptocurrencies. That same year, Elon Musk's Tesla made headlines by buying

The Rise and Fall of NFT Marketplaces: Who's the King Now?

According to crypto data tracker CoinGecko, Magic Eden led the NFT marketplace rankings in August with a monthly trading volume of US$122.47 million, capturing 36.7% of the total market share. This marks the sixth consecutive month that Magic Eden has claimed the top spot.

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