In April, Magic Eden’s transaction volume surpassed Blur and became the top NFT trading platform
Golden Finance reported that according to the April 2024 Dapp industry report released by DappRadar, Magic Eden's transaction volume was $108 million higher than Blur, mainly due to its expansion in Bitcoin Ordinals and dynamic rewards. The platform's Bitcoin Orderals transactions accounted for 70% of its total transaction volume. The report also highlighted changes in the NFT market conditions. The total transaction volume in April fell to $1.35 billion, a decrease of 13% from the previous month, while sales increased by 20%. This trend can be attributed to the popularity of Runestone. This Bitcoin inscription has surpassed Bored Ape Yacht Club to become the most traded NFT.
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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