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OpenSea has been dominating the NFT market sector because the start of 2022, with a market share of 89.7% as trading volumes reached a excessive of $5.19 billion in January. As of February 2023, the third largest NFT market was X2Y2 with a market share of simply 2.6%, adopted by former second place Magic Eden (2.1%), LooksRare (1.0%) and CryptoPunks (0.8%). OpenSea had only captured a market share of 36.5%, despite trading volume growing to $0.sixty nine billion in February, from $0.41 billion the month earlier than. The prime NFT marketplace is Blur, with a market share of 56.8% and a buying and selling volume reaching a excessive of $1.07 billion in February 2023.

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