Many once-popular collections like Bored Ape Yacht Club no longer generate monthly trading volumes in the tens of millions of dollars.
NFT community members hope the platform will reward its early users with a token airdrop.
Magic Eden led the NFT market in August with $122.47 million in trading volume, securing 36.7% market share.
A user has been drained of their non-fungible tokens, worth hundreds of thousands of dollars in a phishing scam on the Blur marketplace.
CoinGecko cited Magic Eden’s new Diamond reward program and its ongoing commitment to support creator royalties as the main catalysts.
Starknet’s Gaming Committee will look to bankroll game devs as the blockchain’s activity keeps sliding and NFT floor prices drop even as ETH rises.
Blast, a layer-2 blockchain that will go live in March, has garnered more than $225 million in staked assets since Monday, but many crypto investors remain skeptical.