Magic Eden Surpasses All Other NFT Platforms in Marketplace User Numbers
Quick take:
The rapid growth is driven by the platform’s decision to focus on bitcoin Ordinals with 61% of its users trading Ordinals.
OpenSea still had the highest marketplace users over the past 12 months, with nearly 1 million, but Magic Eden is closing fast with nearly 800k.
Magic Eden also boasts the highest transaction volume with a 30-day trading volume of $14 million, with OpenSea a distance second with $3.7 million.
Magic Eden has become the biggest NFT platform by marketplace users based on data compiled by the NFT analytics platform NFTpulse. The Solana OG marketplace boasts a transaction volume of more than 230k, over the past 30 days, surpassing OpenSea’s 170.9k, which is placed second and Tensor’s 113.4k coming in third. Overall, the industry had 633k marketplace users over the last 30 days.
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