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Home Crypto News

OKX “captures” NFT trading volume

September 18, 2023
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The NFT industry on the OKX industry is developing swiftly. Trading volume on September sixteen exceeded that of Blur and OpenSea.

OKX captures NFT trading volumeOKX “captures” NFT trading volume. Photo: OKX

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The NFT marketplace OKX continues to show its appeal in latest occasions. Specifically, on September sixteen, trading volume on the platform was recorded at $eleven.54 million, an enhance of 114%. This notable achievement also puts OKX ahead of market veteran rivals, Blur and OpenSea.

1695014264 182 OKX captures NFT trading volumeTrading volume on the OKX NFT industry improved appreciably on September sixteen. Source: DappRadar

OKX specializes in aggregating liquidity from numerous other platforms, supplying traders a a lot more varied variety of assets. This is viewed as to be the vital approach that created the distinction for OKX in the NFT war.

While they are even now behind Blur (49.six%) and OpenSea (14.eight%) in terms of the variety of lively wallets, all-around 31.13% of addresses on OKX come from Power Users, who are really expert energy consumers of fight. OKX also targets the “Degen” section of gamers, the element that largely determines the accomplishment of this playground.

1695014264 519 OKX captures NFT trading volumeKApproximately 31.13% of addresses on the OKX marketplace come from energy consumers. Source: DappRadar

From this it can be viewed that the approach of aggregating liquidity and serving a broad variety of consumers is the aggressive benefit of this platform.

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