Demand for NFTs has been growing in recent weeks amid rising cryptocurrency prices, and Monday’s $16 million sale of a CryptoPunk—the fifth-most expensive NFT sale to date—put an exclamation point on that trend.

But the top overall NFT marketplace over the last few days isn’t the same one that ruled the pile as recently as mid-February, as the tides of the marketplace wars have shifted yet again. And the latest startup to take the throne can credit Bitcoin Ordinals for much of that shake-up.

Magic Eden is now the top marketplace by trading volume, according to blockchain data curated by Tiexo, with approximately $44.7 million worth of trades over the last 24 hours—good for a nearly 38% share of overall NFT trading. The Ethereum-only Blur is next up at $30.4 million, or about 26% share. Over the last seven days, Magic Eden is still on

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Author: Andrew Hayward

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