The NFT marketplace of the OKX exchange has surpassed leading NFT marketplaces, including Blur and OpenSea, in daily trading volume, driven by the spike in Bitcoin Ordinals trading.
According to data from DappRadar, OKX NFT Marketplace volume peaked at $50 million in the past 24 hours on December 18. The majority of the trading volume came from the recent popular Bitcoin Ordinals hype.
Currently, the marketplace has a volume of nearly $46 million, followed by Blur with $13.4 million and Magic Eden with $7.7 million in 24-hour trading volume.
OKX’s NFT Marketplace is currently a major hub for trading Bitcoin Ordinals. At the time of writing, it has Bitcoin Frogs as the most traded NFT (Ordinals) collection with a volume of 56.38 BTC, approximately 2.3 million, in the past 24 hours.
The NFT trading volume on the Bitcoin network has surged to over $300 million during the past week whereas Ethereum recorded merely $93 million and Solana reached $90 million.
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