NFT market on the wave of a boom: which platforms to choose for traders in 2024

The crypto world has exploded with NFT content. In one week, the NFT platform recorded an incredible jump to $179 million, reaching the highest trading volumes since April last year. The Punks collection soared by 665% — something not seen in a long time. In this environment, it is important to understand which NFT platform to choose for trading digital assets.

What are NFT markets and how do they work

Non-fungible tokens are digital assets that cannot be exchanged on a one-to-one basis. Specialized platforms for their trading are online spaces on the blockchain where creators and collectors meet. Previously, buyers and sellers had difficulty finding each other, but the emergence of digital markets solved this problem. Now, digital content can be created, bought, sold, and exchanged on a single platform.

Top platforms for trading NFT assets

OpenSea: the king of the market

OpenSea remains the leader among NFT platforms. It is a versatile marketplace supporting all categories — from digital art to virtual worlds, domains, and music. The platform initially operated on Ethereum but has expanded support to Polygon, Avalanche, Solana, Klaytn, Arbitrum, Optimism, and other networks.

According to current data, OpenSea accumulated $4.92 million in trading volume over the last 24 hours and controls 27.5% of the entire market. The trading fee is 2.5%. This is a proven platform that remains the number one choice for most traders.

Magic Eden: the king of Solana

Magic Eden appeared later ( in September 2021 ), but quickly gained authority. It is especially popular among traders working with Solana, although it also supports Polygon, Ethereum, Bitcoin, ApeChain, Base, Arbitrum.

The breakthrough occurred with the support for Bitcoin Ordinals — Magic Eden surged in volume and has held the second position on the market for half a year. Over the last 24 hours, the platform processed $4.76 million in trading and owns 26.61% of the market share. A serious competitor to OpenSea, especially for active traders.

Blur: the choice of professionals

Blur is a young but aggressive platform. Launched in December 2022 on Ethereum and Blast, it already ranks third. It is exclusively aimed at professional NFT traders seeking speculative opportunities.

The platform offers secured lending, allows searching for listings from other marketplaces, and has transparent trading charts. In the last 24 hours, Blur processed $4.02 million with a market share of 22.7%. This is the choice for those serious about trading.

Tensor: Solana specialist

Tensor was launched on the Solana network in July 2022 and has become an expert tool for traders. It features advanced tools: real-time charts, automatic market-making pools, fast transactions, Price Locks, and other financial instruments.

The platform collected $2.49 million in trading volume over the last day ( with a 13.91% share ). It is an ideal choice for active traders within the Solana ecosystem who value liquidity and speed.

Rarible: democracy and accessibility

Rarible positions itself as a community platform. Launched in November 2023, it operates on Ethereum, Solana, Tezos, IMX, and Polygon simultaneously. The key feature is that anyone can create NFTs without programming skills.

Token holders $RARI gain governance rights through DAO. Rarible is endorsed by celebrities and large corporations, which attests to its legitimacy. It is a choice for artists and creators seeking maximum freedom.

Mintable: minimal fees

Mintable has been operating on Ethereum since December 2020. Its unique feature is that the platform never charges a fee for minting NFTs. This is a huge plus for beginners. It supports all formats: art, music, videos, 3D models, domains, and even metaverses.

The interface is extremely user-friendly, and processes are simple. Artists receive a percentage from future resales. This is perfect for novice creators who do not want to pay for launching.

SuperRare: elite for artists

SuperRare has existed since 2018 on Ethereum. It is a premium platform that works only with selected artists and limited edition collections. The platform carefully curates content, ensuring a high standard of quality.

This is a choice for serious collectors and renowned masters. You won’t find spam or low-quality content here — only exceptional works.

CryptoPunks: the legendary collection

CryptoPunks is not just a platform, it is a cult NFT collection. Launched in 2017, it contains exactly 10,000 pixelated tokens. Originally created by one company, it is now managed by a major market player.

CryptoPunks soared by 665% this week — a sign of how active traders are now. The platform provides secure trading of original assets.

LooksRare: rewards for activity

LooksRare was launched in 2022 as a decentralized alternative. It operates on Ethereum and has its own token LOOKS, which rewards users for buying and selling NFTs. It is the first platform to focus on community rewards.

The idea is simple — the more you trade, the more you earn. This attracts active speculators and collectors.

Alternative platforms

Besides the top players, there are other NFT platforms for specialized trading. Some exchanges also offer built-in NFT markets with low fees and easy integration.

How to choose your platform

Your choice depends on your strategy:

• Beginners — Rarible or Mintable ( simplicity and low entry barriers )
• Active traders — Blur or Tensor ( advanced tools )
• Solana enthusiasts — Magic Eden or Tensor ( specialization )
• Collectors — SuperRare or OpenSea ( quality and variety )

Conclusion

The NFT market is experiencing a second renaissance. Over the week, volumes grew by $179 million, and collections like Punks show huge growth potential. Each NFT platform offers its own advantages. OpenSea remains the versatile choice, Magic Eden dominates on Solana, Blur and Tensor are geared toward professionals. Choose based on where you want to trade and what tools you need. The main thing is to start acting while the market is hot.