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11 Best NFT Marketplaces in 2022 By Trading Volume

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Are you looking for the best NFT marketplaces by trade volume? You’re in the right place. We have handpicked one of the best NFT marketplaces

Best NFT Marketplaces in 2022 By Trading Volume

Are you looking for the best NFT marketplaces by trade volume? You’re in the right place. We have handpicked one of the best NFT marketplaces by their all-time trade volume.

The Trade Volume or Trading Volume in context of NFTs is Number of NFTs traded in a market during a given time.

NFT stands for Non-Fungible Token. It is a unique and non-interchangeable digital asset that represents real world objects like photos, paintings/arts, videos, music, games, domains, tweets, trading cards, collectibles, etc, that can be bought and sold online with supported cryptocurrencies like Ethereum, Polygon, TRON, Flow, WAX, etc.

NFT marketplace is a platform/website that allows people to discover, create, buy, sell and store NFTs(Non-fungible tokens).

The first NFT project was launched in 2015 on the Ethereum blockchain.

A blockchain is an unchangeable decentralized digital ledger or shared database consisting of blocks(records) that is used to record transactions across different computers.


READ ALSO: What are Stablecoins? and Everything You Need To Know


Best NFT Marketplaces


Factors to consider when choosing an NFT marketplace

There are two important considerations for choosing an NFT marketplace:

1. Kind of NFT(digital asset) you’re interested in buying, selling, or creating.

2. Type of cryptocurrency(digital token) supported on a marketplace.

Some marketplaces support more than one token whereas some marketplaces support only one token or proprietary token.

Below are the cryptocurrencies(digital tokens) supported in our listed NFT marketplaces. Some cryptocurrencies have the same name as blockchain platform like Polygon, Wave, etc.

ETH: ETH(Ethr) is the native cryptocurrency of Ethereum platform, a decentralized blockchain-based platform.

Polygon: Polygon is an Ethereum token that powers the Polygon Network, a platform/framework for connecting Ethereum compatible blockchain networks.

Ronin: Ronin is an Ethereum-linked sidechain built specifically for Blockchain games such as Axie Infinity.

Flow: Flow is a developer-friendly, decentralized and fast blockchain made for a new generation of games, apps, and the digital assets.

Solana: Solana is an extremely fast decentralized/public blockchain based on the Proof of History (PoH) and Proof of Stake (PoS) consensus. It is the big Ethereum competitor. A Proof of Stake is a mechanism used to validate cryptocurrency transactions.

WAX: WAX(Worldwide Asset eXchange) also known as King of NFTs, is a carbon-neutral blockchain based on Proof of Stake system. Its primary focus is to make e-commerce transactions efficient, easier, and safer.

Tezos: Tezos is a decentralized cryptocurrency and blockchain network based on Proof of Stake consensus. Its native cryptocurrency is tez denoted by XTZ.

BSC: BNC(Binance Smart Chain) is a blockchain network built for running the smart contract based applications. The Smart Contracts are programs stored on a blockchain that run when predetermined conditions are met.

Waves: Waves is a decentralized blockchain platform designed to create and launch custom crypto tokens, and build smart contracts.

AVAX: AVAX(Avalanche) is one of the fastest smart contracts blockchain platforms with low costs and eco-friendliness. AVAX is the native token of the Avalanche blockchain used for paying transaction fees.

TRON: TRON is an open-source, decentralized blockchain-based operating system with smart contracts and Proof of Stake as its consensus algorithm. TRX is its native cryptocurrency.

Note: Number of “Traders” and “Trade Volume” have been taken from the DappRadar.

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Best NFT Marketplaces in 2022 By Trading Volume

01. OpenSea

OpenSea is one of the first and largest NFT marketplace that primarily runs on the Ethereum blockchain. You can create, discover, collect and trade exclusive NFTs with great ease. Art, Music, Domain Names, Virtual Worlds, Trading Cards, Collectibles, Sports, & Utility are some of the main categories on OpenSea marketplace.

OpenSea marketplace.
 OpenSea marketplace.

You can explore Notable Drops, Top Collections, Trending NFTs, Browse by Category, Rankings, Stats, and much more. OpenSea is so flexible that people from other marketplaces like Foundation, Rarible, etc, can transfer their NFTs to OpenSea and trade there.

  • Most Expensive NFT Ever Sold On OpenSea: The NFT Punk 9998# from CryptoPunks Collection was sold for 124.46K ETH (532.41Million USD).
  • Supported Digital Tokens: ETH, Polygon
  • Collections: 1 million+
  • NFTs: 34 million+
  • Traders: 647,730+
  • All Time Trade Volume: $10.51 Billion+

02. Axie Infinity

Axie Infinity is an NFT-based online battling video game that uses Ethereum based cryptocurrencies AXS(Axie Infinity Shards) and SLP. It is one of the most expensive NFT collection.

Axies are fantasy creatures which are digitized as NFTs. Players can buy, sell, trade, raise and breed axies to battle each other and earn digital tokens. A new player has to buy at least 3 axies to begin playing.

  • Most Expensive NFT Ever Sold On Axie Infinity: The NFT “Angel” was sold for 300 ETH
  • Daily Active Players: 2,50,000+
  • Supported Digital Tokens: ETH, Ronin
  • Traders: 1,112,667+
  • All Time Trade Volume: $3.18 Billion+

03. CryptoPunks – Larva Labs

CryptoPunks is one of the earliest NFTs on Ethereum blockchain. The CryptoPunks are 10,000 uniquely generated 24 x 24 character images stored on Ethereum blockchain. Characters include guys, girls, apes, zombies, aliens, etc.

All 10,000 Punks have been owned by people. In order to own a Punk you have to purchase it from someone. You can buy, bid on, and offer Punks for sale.

You can identify the status of each Punk from its background. Punks with red background are available for sale, Punks with blue background are not available for sale, and Punks with purple background have an active bid on them. You can find the attributes and status of a Punk on its profile page.

  • Most Expensive NFT Ever Sold Of CryptoPunks: The NFT CryptoPunk #9998, a Female Punk with wild white hair, black lipstick and green clown eyes was sold for 124.46K ETH (532.41Million USD) on OpenSea NFT marketplace.
  • Supported Digital Token: ETH
  • Traders: 5,257+
  • All Time Trade Volume: $1.65 Billion+

04. NBA Top Shot

NBA Top Shot is the first digital collectible that’s licensed by NBA(National Basketball Association) on FLOW blockchain. The epic real-life NBA highlights of incredible players are turned into digital trading cards which are called Moments.

There are around 500,000 collectors who have purchased a pack from NBA Top Shot. Each pack contains different Moments.

MBA Top Shot allows you to build a collection of your favorite NBA players. Once you build the NBA Top Shot collection show off the highlights that matters you the most. Challenges and Showcase Challenges are the best ways to earn Moment and pack rewards.

NBA Top Shot has 4 collectible tiers i.e Common Tier, Rare Tier, Legendary Tier, Platinum Ice Ultimate Tier, and Genesis Ultimate Tier. First 3 Tiers are available in Packs whereas the last 2 Tiers are available through auction.

A Set contains group of moments with similar characteristics. Every moment and set belong to a series like Series 1, Series 2, etc. A Series features moments from specific time period like 2019 to 2020. All the sets are closed when a series ends. If a set is closed new players can’t be added.

Each set is associated with one of the 4 collectible Tiers. A Legendary Set will contain only Legendary Moments whereas a Common Set will contain only Common Moments.

  • Most Expensive NFT Ever Sold On NBA Top Shot: In August 26, 2021 a Moment LEBRON JAMES was sold for $230,023. Its Set was “2020 NBA Finals” and Series was “Legendary”.
  • Supported Digital Token: FLOW
  • Traders: 474,780+
  • Trade Volume: $728.76 Million+

05. Solanart

Solanart is the first complete NFT marketplace on Solana blockchain. You can discover, explore, buy, and sell NFTs from 117 different NFT Collections and artists. Each Collection in Solanart marketplace shows Filters(Price Range, Attributes, Background, etc), Number of NFTs, Number of Owners, Floor Price, Volume Traded, and more…

Degenerate Ape Academy, Aurory, SolPunks, Galactic Gecko Space Garage, Bold Badgers Squad, Frakt, Meerkat Millionaires Country Club, Infinity Labs, Sollamas, are some of the top NFT Collections in Solanart.

  • Supported Digital Token: Solana
  • Traders: 136,929+
  • All Time Trade Volume: $524.77 Million+

06. Rarible

Rarible is a large NFT marketplace with wide range of collections, and categories. You can easily discover, create, sell, and collect NFTs. It contains Top Collections filtered by day, week and month, Hot Bids, Top Sellers filtered by day, week, and month, Live Auctions, Hot Collections, Explore, and Activity.

Some of the top collections in Rarible NFT marketplace are: BoredApeYachtClub, MutantApeYachtClub, Doodles, Art Blocks Factory, Jungle Freaks, Parallel, Cryptoadz, Cool Cats, KaijuKingz, CyberKongz, Sandbox’s LANDs, SHIBOSHIS, HeadDAO.

  • Supported Digital Token: ETH
  • Traders: 84,019+
  • All Time Trade Volume: $265.03 Million+

07. AtomicMarket

AtomicMarket is a shared liquidity NFT market smart contract which can be used by any NFT marketplace/website to sell and buy AtomicAssets NFTs. Here shared liquidity means the NFTs or digital assets listed on one market also show on all other markets. AtomicHub, NeftyBlocks, NFTHive, Waxstash, chainchampss are top NFT marketplaces on WAX blockchain.

AtomicAssets is a standard for NFTs on the EOSIO blockchain technology. Anyone can utilize this standard to create, tokenize, buy, sell and digital assets on AtomicAssets marketplace.

  • Supported Digital Token: WAX
  • Traders: 804,221+
  • All Time Trade Volume: $214.86 Million+

08. SuperRare

SuperRare is a peer-to-peer network(marketplace) built on Ethereum where you can collect and trade unique digital art works. Each digital art is authentically created by artists in the SuperRare network, and tokenized as crypto-collectible digital item that one can own/buy and trade.

One can find Live Auctions, Featured Releases, Trending Artists, Top Collectors, Market Stats, etc, on SuperRare marketplace.

  • Supported Token: ETH
  • Traders: 5,202+
  • All Time Trade Volume: $179.42 Million+

09. Foundation

Foundation is an invite-only NFT marketplace for creators and collectors, built on the Ethereum blockchain. The “Invite-only” means that a creator must be invited by a registered creator/member of Foundation who has already sold at least 1 NFT there. In other platforms like OpenSea you don’t need any invitation to be eligible for creating NFTs.

Bidding on Foundation marketplace is open for all collectors, they don’t need any “invitation requirement”. Currently Foundation offers 3 types of NFTs i.e Images, Videos, and 3d Artwork. There are over 100,000+ NFTs for sale on Foundation marketplace.

To re-sold your NFTs on other marketplace you can transfer your NFTs from Foundation to other marketplaces like OpenSea, Rarible, etc. On Foundation marketplace you can find Featured NFT, Trending Auctions, Collections, Featured Artworks, Featured Creators, and more..

  • Most Expensive NFT Ever Sold On Foundation: The NFT “Stay Free” was sold for 2,224 ETH($9,585,729.12) on April 17, 2021.
  • Supported Digital Token: ETH
  • Traders: 21,603+
  • All Time Trade Volume: $105.24 Million+

10. DigitalEyes

DigitalEyes is the first open NFT marketplace on Solana blockchain. You can create, collect and trade NFTs in different categories. The Collections are divided in two categories i.e Unverified Collection and Verified Collection.

Some of the top collections are Aurory, Degenerate Ape Academy, Frakt, Galactic Gecko Space Garage, Meerkat Millionaires Country Club, Pesky Penguins, Solana Monkey Business, and Solarians.

  • Supported Digital Tokens: Solana
  • Traders: 60,615+
  • All Time Trade Volume: $101.61 Million+

11. Solana Monkey Business

Solana Monkey Business also known as SMB, is an NFT marketplace on Solana blockchain. It contains a collection of 5000 unique randomly generated characters called SolanaMonkeys with traits/attributes and rarity system. Their data is stored in a permanent decentralized data storage called Arweave.

Each of the SolanaMonkey in the Collection is generated from over 99 possible traits/attributes spread over six different layers. A SolanaMonkey has its Type i.e Skeleton, Solana, Alien, Purple, etc, and Attributes such as Color, Ears, Mouth, Hat, Eyes and Clothes.

The rarity system assigns the price/value to an NFT(SolanaMonkey) in the collection based on its rarity. In this system each trait is given a score/percentage which is called “trait rarity score”. The NFT’s overall rarity score is the sum of all its traits rarity score.

Let’s say the price of SMB #3996 is 1000 SOL whereas the price of SMB #2524 is 218 SOL. You can see that there is a big price difference between the two NFTs. It means that SMB #3996 is more “Rarer” NFT than the SMB #2524 in the collection.

  • Most Expensive NFT Ever Sold On Solana Monkey Business: The SMB #1355 was sold for 13027 SOL($2,920,434). A SolanaMonkey with skeleton type body, orange clothes and crown hat.
  • Supported Digital Token: Solana
  • Traders: 3,478+
  • All Time Trade Volume: $91.34 Million+

So these were some of the best NFT marketplaces by trade volume. If you like this post then don’t forget to share with other people. Share your feedback in the comments section below.

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KIDIGITALI - Freelancing and Digital Marketing: 11 Best NFT Marketplaces in 2022 By Trading Volume
11 Best NFT Marketplaces in 2022 By Trading Volume
Are you looking for the best NFT marketplaces by trade volume? You’re in the right place. We have handpicked one of the best NFT marketplaces
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