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The NFT market has exploded again this week. The trading volume surged by $179 million within 7 days, reaching a new high since April. Punks have skyrocketed by 665%, and the entire ecosystem is boiling.
When it comes to trading platforms, OpenSea is still the big brother—24-hour trading volume of 4.92 million USD, accounting for 27.5% of the market share. Magic Eden follows closely behind, with a trading volume of 4.76 million USD, accounting for 26.61%. Blur ranks third, with 4.02 million USD, accounting for 22.7%. Tensor on the Solana chain is also strong, with a trading volume of 2.49 million USD, accounting for 13.91%.
Players now have more choices. Rarible focuses on community governance and barrier-free creation, even celebrities are using it. Mintable's advantage is free minting, which is friendly to artists. LooksRare attracts users with LOOKS token rewards. SuperRare focuses on curated art and takes a high-end approach.
How long can this wave of NFT rebound last? Market sentiment is indeed pumped, but let's not forget - it was this crazy around this time last year, and it eventually fell back.