TechFlow News, September 4 — According to CoinGecko data, NFT marketplace Magic Eden led the market in August with $122.47 million in trading volume, capturing 36.7% of market share and ranking first in NFT trading volume for the sixth consecutive month.
The three major platforms—Magic Eden, Blur, and OpenSea—collectively controlled 82% of the market share. Blur ranked second with $84 million in trading volume, accounting for 25.4% of the market, a sharp drop of 83.2% compared to nearly $500 million in January. OpenSea came third with $66.5 million in trading volume, holding 19.9% market share—an increase from its 9.9% in January—but still far below its previously dominant levels.
Notably, the overall NFT market continues to decline. According to CryptoSlam data, the total monthly NFT sales volume in August was only $374 million, down 76% from the peak of $1.6 billion in March 2024.
