Tops Archives - Cryptoupdateclub https://cryptoupdateclub.com/tag/tops/ This is an update crypto news site Thu, 25 Apr 2024 13:11:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://i0.wp.com/cryptoupdateclub.com/wp-content/uploads/2023/07/cropped-266791401_106202115249122_202987425778170429_n.png?fit=32%2C32&ssl=1 Tops Archives - Cryptoupdateclub https://cryptoupdateclub.com/tag/tops/ 32 32 221437728 Turkey tops the world in stablecoin buying share vs. GDP https://cryptoupdateclub.com/turkey-tops-the-world-in-stablecoin-buying-share-vs-gdp/2024/04/25/ https://cryptoupdateclub.com/turkey-tops-the-world-in-stablecoin-buying-share-vs-gdp/2024/04/25/#respond Thu, 25 Apr 2024 13:11:59 +0000 https://cryptoupdateclub.com/turkey-tops-the-world-in-stablecoin-buying-share-vs-gdp/2024/04/25/ Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.

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Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis.

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]]> https://cryptoupdateclub.com/turkey-tops-the-world-in-stablecoin-buying-share-vs-gdp/2024/04/25/feed/ 0 12072 OKX NFT platform tops Blur and OpenSea in daily trading volume https://cryptoupdateclub.com/okx-nft-platform-tops-blur-and-opensea-in-daily-trading-volume/2023/12/18/ https://cryptoupdateclub.com/okx-nft-platform-tops-blur-and-opensea-in-daily-trading-volume/2023/12/18/#respond Mon, 18 Dec 2023 13:16:24 +0000 https://cryptoupdateclub.com/okx-nft-platform-tops-blur-and-opensea-in-daily-trading-volume/2023/12/18/ Crypto exchange OKX’s nonfungible token (NFT) arm surpassed the 24-hour trading volume of other prominent NFT marketplaces...

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Crypto exchange OKX’s nonfungible token (NFT) arm surpassed the 24-hour trading volume of other prominent NFT marketplaces like OpenSea, Blur and Magic Eden. 

On Dec. 18, the OKX NFT marketplace recorded a daily trading volume of around $50 million at around 10:00 am UTC, according to decentralized applications (DApp) data tracker DappRadar. 

At the time of writing, the platform’s trading volume has dropped to $35 million. However, OKX’s NFT arm is still ahead of its competitors Blur, Magic Eden and OpenSea, which have a combined 24-hour trading volume of around $24 million. 

24-hour NFT trading volume by marketplace. Source: DappRadar

The NFT marketplaces’ trading volume surged as the platform offered Bitcoin Ordinals trading. Data from NFT tracker CryptoSlam shows that the Bitcoin network had a massive week, with a sales volume of $367 million, surpassing Ethereum and Solana, which had $91 million in their weekly trading volume. 

The shift in sales volume for Bitcoin NFTs came as early as Dec. 12. On that date, the Bitcoin network had a daily NFT sales volume of $24 million, followed by Ethereum with around $16 million and Solana with $6 million.

Related: Daily gas spent on EVM inscriptions surges to record high of $8M

Apart from Bitcoin Ordinals, the broader NFT space has also experienced a comeback, with the space’s collective volume nearing $1 billion in November. During that month, the average value of NFT transactions surged by 114%, going from $126 to $270, suggesting that users are more willing to perform higher-value trades than in the previous months. 

Magazine: Ordinals turned Bitcoin into a worse version of Ethereum: Can we fix it?