In September 2021, the OKX exchange made an announcement about the launch of its own NFT service.
Along with this, the OKX administration also announced that users would be able to trade digital collections without any transaction fees.
Within a few months, the OKX NFT marketplace gained significant recognition and was included in the list of the largest platforms for transactions with tokenized artworks. Recently, the platform has been recording an average daily trading volume of over $50 million.
According to DappRadar, OKX NFT has emerged as the top platform for NFT trading, surpassing Blur and OpenSea. While Blur and OpenSea record daily trading volumes of $13.21 million and $3.25 million respectively, OKX NFT’s trading volume has soared to over $50 million.
The sudden surge in popularity of OKX NFT can be attributed to the launch of NFT transactions for BTC Ordinals, a collection of tokenized assets on the Bitcoin network.
This has led to a significant increase in daily NFT trading volume on the leading blockchain, reaching $305.44 million from December 10 to 17.
