OpenSea regains NFT market lead as rivals fall behind in user activity

NFT sales volumes reached $1.5 billion in the first quarter of 2025, a 61% decline compared to the same period in 2024.

Non-fungible token (NFT) marketplace OpenSea has regained its position as the leading platform for digital collectible trading, even as overall market activity declined.

Data tracker NFTScan shows that OpenSea has held the top spot in NFT marketplaces’ trading volume for the last 30 days. According to the data site, OpenSea holds over 40% of the market’s trading volume, while Blur, its largest competitor, is at 23%. Meanwhile, the NFT platform Magic Eden has a 7.69% market share, while OKX NFTs have a 5% market share. 

The data tracker also shows that in the last month, almost 70% of the wallets transacting with NFTs engaged with OpenSea. The data shows that over 610,000 wallets opted to use OpenSea over its competitors. In the last three months, the data shows OpenSea had over 2.1 million wallets engaging with its platform. 

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