The non-fungible token (NFT) market is experiencing a dynamic shift as the second quarter of 2025 comes to a close. National sales are down just a bit since the first quarter. Beneath the surface, individual marketplaces are locked in a cutthroat race for supremacy, and certain NFT categories are surging. OpenSea may have retained its crown as the overall top platform in June, but Blur is quickly climbing to become the new superstar contender. Competitors — including on other platforms, like Magic Eden, as well as competing collections like CryptoPunks — are claiming sizable chunks of market share.
OpenSea Leads the Pack in June
OpenSea remains the reigning leader of the NFT marketplace, further establishing itself as the premier marketplace for digital asset adventurers. A significant portion of OpenSea's trading volume, approximately 75%, comes from Ethereum-based NFTs, demonstrating the platform's strength within the Ethereum ecosystem. This degree of dominance illustrates OpenSea’s prowess to appeal to both creators and collectors in the expanding NFT universe.
The platform’s intuitive designs, versatile marketplace, and diverse ecosystem of NFTs have propelled it into continued success. Additionally, OpenSea’s strong infrastructure and reputation in the space make its leading position in the market even more secure.
Blur Emerges as a Strong Contender
Blur has quickly climbed to become the second-leading NFT marketplace by volume as of the second quarter of 2025. In fact, over the past 90 days, the platform saw an astounding $159 million in trading sales volume. This milestone represents only 2% of their overall market share. This remarkable expansion is a clear sign of Blur’s growing momentum among NFT traders and collectors alike.
Blur’s success isn’t just luck—it’s a combination of its innovative features and its focus on providing the best possible trading experience. The platform’s user-centric approach to NFT trading is something that has clearly resonated with its millions of users. Consequently, it’s been able to monopolize over 90% of the market.
Market Fluctuations and Key Players
During the second quarter of 2025, the NFT market experienced a huge drop. Trading volumes and platform rankings changed drastically over the course of this time, too. In April 2025, the market had a high trading sales volume of $377 million, then quickly dropped to $56 million. That’s when the market really started to show its incredible resilience. During the last week of June 2025, NFT sales skyrocketed over 10% to over $125 million.
In Q2, Magic Eden solidified its position as the third-largest NFT marketplace. What’s more, it did an astounding $117 million in trading sales! CryptoPunks proved to be the fourth-most popular platform on the market. According to their yearend release, they achieved a $60 million trading sales volume and gained 8.71% of the overall market share. Together the five largest NFT marketplaces generated a total of $697 million in trading sales volume.
Immutable-based NFTs, which are primarily gaming-related, have experienced an increase in their weekly trading sales volume recently, suggesting increasing interest in this submarket of NFTs. According to this trend, we could be witnessing a significant shift in the market focus towards blockchain-based gaming and virtual assets.
