NFT sales volumes reached $1.5 billion in the first quarter of 2025, a 61% decline from the same period in 2024.
Non-fungible token (NFT) marketplace OpenSea regained its position as the leading platform for digital collectible trading, even as overall market activity declined.
Data tracker NFTScan shows that OpenSea has held the top spot in NFT marketplace trading volume for the last 30 days. According to the data, OpenSea holds more than 40% of the market’s trading volume, while Blur, its largest competitor, is at 23%. NFT platform Magic Eden has a 7.69% market share, while OKX NFTs have a 5% market share.
The data tracker also shows that in the last month, almost 70% of the wallets transacting with NFTs engaged with OpenSea. More than 610,000 wallets used OpenSea. In the last three months, OpenSea had over 2.1 million wallets engaging with its platform.
