Recent data from DappRadar underscores this remarkable trend, revealing a notable increase in transaction volume on the platform, especially since mid-July. Unlike the broader NFT market, this NFT marketplace has enjoyed consistent growth, with a notable $4.9 million transaction volume in the last 24 hours alone. This increase puts OKX NFT Marketplace in a formidable position, second only to Blur.
Impressively, this volume marks an astonishing nearly 30-fold increase over the quarter, a performance that can be attributed to key factors such as a no-fee market model and an enhanced user experience delivered through the OKX smart wallet.
A milestone worth noting occurred on August 17, when OKX NFT Marketplace achieved a record transaction volume of $9.07 million. This exceptional increase underscores the platform’s ability to drive substantial engagement, even in a challenging market landscape.
Daily activity on OKX NFT Marketplace, with 1,68,000 users, represents a whopping 56% of Blur’s activity. However, it is crucial to note that the day-to-day activity of this marketplace is subject to strong fluctuations, often influenced by various casting activities and other external factors.
As the NFT market navigates through its current phase, the market’s steady growth presents a promising story of resilience and adaptability. The platform’s strategic offering of zero fees and an improved user journey through the OKX smart wallet seem to have contributed significantly to its impressive performance.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We recommend that you do your own research before investing.
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