TLDR
- Magic Eden, an NFT marketplace, hit a trading volume of $486 million.
- Milei Moneda ($MEDA) soars in popularity as one of the best cryptos to invest in as investors remain confident of huge gains.
Magic Eden has achieved a remarkable feat after surpassing Blur in trading volume, hitting $486 million. This achievement pushed Blur to second place for the first time ever, trailing by $108 million. Meanwhile, Milei Moneda ($MEDA) remains a top crypto to buy and shows no signs of slowing down in offering massive gains. Moreover, many market analysts are also confident that it is now one of the best cryptocurrencies to invest in.
Economize Like Milei: Invest in $MEDA
Magic Eden NFT Marketplace Overtakes Blur in Trading Volume
A DappRadar report revealed that Magic Eden achieved a trading volume of $486 billion last month, overtaking Blur by a value of $108 million.
Experts have attributed the platform’s performance to offering support for Ordinals. Other factors include the ongoing partnership of Magic Eden and one of the top NFT studios, Yuga Labs, and the new Diamonds rewards program.
Analysts feel that the popularity of digital collectible assets on Bitcoin, like Runes and Ordinals, was emphasized by the idea that in April, OKX NFT and the UniSat Marketplace made the list of the best five trading platforms in the segment.
Regarding collections, Runestone claimed first place after overtaking Bored Ape Yacht Club. Furthermore, the NFT collections’ total trading volume on Bitcoin surged by 32% over the month, hitting $675 million, with the Bitcoin blockchain claiming second place in trading volumes after Ethereum.
DappRadar experts also stressed the rising popularity of Blast, revealing how traders are being attracted to the network by farming points for future airdrops linked to the new deployment of Blur on the protocol.
Moreover, DappRadar revealed that the total NFT trading volume in April was $1.35 billion, which is 13% less compared to its value the previous month. This downward trend towards $1 billion has been observed since December 2023.
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