CoinGecko: Magic Eden has been ranked first in NFT trading volume for the sixth consecutive month.

TechFlow News, September 4, according to CoinGecko data, NFT trading platform $Magic $Eden led the market in August with a trading volume of $122.47 million, accounting for 36.7% of the market share, and ranked first in NFT trading volume for the sixth consecutive month.

$Magic $Eden, Blur, and OpenSea, the three major platforms, controlled 82% of the market share. Among them, Blur ranked second with a trading volume of $84 million, holding a market share of 25.4%, which is an 83.2% decrease from nearly $500 million in January this year. OpenSea ranked third with a trading volume of $66.50 million, a market share of 19.9%, which is a rebound from 9.9% in January, but still far below its once dominant market level.

It is worth noting that the entire NFT market is still in a continuous decline. According to CryptoSlam data, the total monthly sales of NFTs in August were only $374 million, a 76% decrease from the peak of $160 million in March 2024.