Magic Eden Leads March NFT Market with a Record-breaking $756.5 Million Transaction Volume, as Blur Loses Market Dominance for the First Time

According to the latest Q1 2024 market report released by CoinGecko, Magic Eden has emerged as the leader in the NFT market with a trading volume of $756.5 million in March, marking a growth of 194.4%. This surpasses Blur’s trading volume of $530.4 million. CoinGecko attributes this achievement to the innovative reward program launched by Magic Eden and its collaboration with Yuga Labs to maintain creator royalties. This is the first time since December last year that Blur has lost its market leadership position.