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10 Top NFT Marketplaces by Volume in 2022

10 Top NFT Marketplaces by Volume in 2022

There are a lot of NFT marketplaces, and many of them have a specific focus or niche – from art to music to entire virtual worlds. NFT Marketplaces are the gateway to participate in the purchase and sale of these digital assets.

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10 Top NFT Marketplaces by Volume in 2022s

Here are the top 10 NFT marketplaces by volume in 2022

OpenSea

OpenSea has been the dominant decentralized platform for users looking to mint, buy, sell and trade nonfungible tokens (NFT). 

The world’s largest NFT platform has surpassed the $10 billion mark to hit an all-time high, when it comes to lifetime trade volume.

OpenSea recently exceeded $3.5 billion in its monthly trade volume in Ether (ETH), breaking all previous records. But it has a record of crossing $10.35 billion in total trade volume. 

Axie Infinity Market

Axie Marketplace is the online shop for the crypto P2E game, Axie Infinity.

It is one of the most expensive top NFT marketplaces in gaming categories and the crypto space as well.

On Axie Marketplace, players can buy new Axies, as well as entire lands and other items, as NFTs for use within the game.  

Axie Infinity tokens (called Axie Shards) are built on the Ethereum blockchain. As such, they can be bought and sold on a variety of other NFT marketplaces, as well as on some cryptocurrency exchanges such as Coinbase Global

According to Dapp Radar, Axie infinity’s total trade volume is at an all-time high of $3.06 billion 

CryptoPunks

Larva Labs is best known for the viral CryptoPunks NFT project. They were originally given away for free back in 2017, but some CryptoPunks have sold for millions of dollars since then.

Larva Labs’ CryptoPunks NFTs are sold out, but they can be bid on and bought from various third-party marketplaces.

According to Dapp Radar, CryptoPunk’s total trade volume is at an all-time high of $1.59 billion.

NBA Top Shot Marketplace

NBA Top Shot is the men’s and Women’s National Basketball Association’s view into the NFT world. On its marketplace, collectible moments – video clips, play highlights and art can be purchased from the world’s premier basketball leagues.

The NBA built it as a closed marketplace, this means that it’s only possible to buy and sell on the platform.

According to Dapp Radar, the NBA Top Shot total trade volume is at an all-time high of $726.55 million.

Solanart

Solanart is the first and largest fully-fledged NFT marketplace on Solana. It provides quick and easy access to digital collectibles. Exploration, buying, and selling of NFTs are supported on the platform.

According to Dapp Radar, Solanart’s total trade volume is at an all-time high of $518.23 million

Rarible

Rarible is another known marketplace for all sorts of NFTs, similar to OpenSea. Art, videos, collectibles, and music can be bought, sold, or created on the platform.

However, unlike OpenSea, there is the need to use the marketplace’s token, Rarible, to buy and sell on the platform. 

According to DapRadar, Rarible’s total trading volume currently stands at over $250 million.

Nifty Gateway

Nifty gateway is one of the elite NFT marketplaces that specializes on Minting NFTs than it does listing them. 

Nifty has a record of selling the most expensive NFT bundle of a creator named PAK, which cost about $91.8 million.

Nifty Gateway has also facilitated the sale of some of the most popular digital artists such as Beeple and singer/musician Grimes. It’s best recognized as an art curation platform powered by the crypto exchange Gemini.

A recent valuation put the company between the range of $774 million to $1.2 billion.

Magic Eden 

Magic Eden is currently the top NFT marketplace on the Solana network, and according to DappRadar, it is ranked among the top 10 NFT marketplaces with $267.14 million in trading volume since its launch in mid-September 2021. 

According to DappRadar, Magic Eden makes over 4.5 million transactions on a monthly basis.

SuperRare

Similar to Rarible, SuperRare is also building a marketplace for digital creators. The site hosts a collection of art, videos, and 3D images, and collectors can purchase artworks using Ethereum.

SuperRare recently announced its token of the same name based on the Ethereum blockchain. The tokens will be used to find and curate new talent for the marketplace. Like Rarible, SuperRare NFTs can also be bought and sold on OpenSea.

It has a market cap of $142 million and a daily trading volume of $24 million

Foundation

Foundation is a collection of different types of NFTs. It is built on and supports the Ethereum blockchain network.

The Ethereum-based NFTs can also be listed on various marketplaces. Foundation has a reputation for being one of the best places to mint an NFT due to its easier minting process and the convenience of service it offers.

Since the marketplace’s launch in early 2021, Foundation has sold more than $100 million worth of NFTs.  

Artists are invited to the platform by the Foundation community, and buyers simply need a crypto wallet funded with Ethereum to start making purchases.

And there you have them: the 10 top NFT marketplaces by volume in 2022. Think there are other marketplaces that should have made the list instead? Do let us know in the comments section below. Your questions and thoughts are most welcome. Thanks for your time!

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