OpenSea regains NFT market lead as rivals fall behind in user activity
Summary
OpenSea has regained its status as the leading NFT marketplace, holding over 40% of the market's trading volume, while its closest competitor, Blur, accounts for 23%. In the past month, nearly 70% of NFT wallets engaged with OpenSea, totaling over 610,000 wallets, compared to a combined 17% for Magic Eden, Blur, and OKX NFTs. OpenSea's dominance follows the launch of its new platform OS2 and the opening of Solana trading access. The US SEC has also dropped its investigation into OpenSea. Despite a 61% decline in overall NFT sales volumes in Q1 2025, some metrics indicate ongoing interest, with over 359,000 NFT buyers in the last week and significant sales increases for certain collections like CryptoPunks.
