On-chain data shows that OpenSea recorded nearly $52 million in seven-day trading volume last week - more than twice the volume traded on other major marketplaces. Solana marketplace MagicEden recorded about $10.4 million in traded volume for the same period, closely followed by X2Y2 at around $9.8 million in volume.
The cumulative volume of other marketplaces like LookRare, SudoSwap, Solanart, Joepegs, Element, Treasury, and 0x was less than $8 million. The volume of these platforms combined only represents roughly 15.3% of OpenSea’s.
Azuki, unlike other digital collectibles, saw a significant spike in sales volume due to the launch of PBT (Physical Backed Token) - an Ethereum token that binds real objects to the blockchain. Following the release, the sales volume surged by nearly 1,168% and registered more than $2 million in sales.