Top 5 Most Popular And Widely Used NFT Marketplaces

1. Introduction

Non-Fungible Tokens (NFTs) have become an integral part of the crypto world. To trade NFTs, users rely on NFT marketplaces—platforms for buying, selling, and exchanging unique digital assets. Here are the top 5 NFT marketplaces favored and widely used by the community.

2. OpenSea

OpenSea is the first and largest NFT marketplace on Ethereum, allowing users to list, exchange, and trade NFTs based on smart contracts. OpenSea supports multiple blockchains, including Ethereum, Polygon, Klaytn, and Solana. The platform fee is 2.5% for sellers; however, since February 18, 2023, OpenSea temporarily reduced it to 0% to compete with Blur. Over the past year, OpenSea's trading volume averaged $3 billion per month, equivalent to $100 million per day. The total accumulated revenue of OpenSea has nearly reached $2.8 billion.

3. Rarible

Rarible is a decentralized NFT marketplace that allows users to create, buy, and sell NFTs on Ethereum, Polygon, Flow, and Tezos networks. Rarible focuses on social aspects, enabling users to follow each other like on social networks. Holders of the RARI token have governance rights and can vote on system policy changes.

4. Binance NFT

Binance NFT is the NFT platform of the Binance exchange, integrated within the Binance ecosystem. Leveraging Binance's massive user base, Binance NFT quickly became one of the leading marketplaces in terms of liquidity. The trading fee is only 1% per NFT transaction.

5. SuperRare

SuperRare is an NFT marketplace specializing in unique NFTs, often owned and developed by artists. NFTs on SuperRare are typically limited edition, with low supply and high value.

6. NBA Top Shot

NBA Top Shot is an NFT marketplace focusing on iconic moments from NBA games. Users can buy and sell highlight videos as NFTs, creating a unique collectible market for basketball fans.