As the popularity of Non-Fungible Tokens continues to grow, so does the need for marketplaces to buy and sell them. is the ultimate list of the top 10 best NFT marketplaces to buy or sell your own NFTs, based on our research. We hope you find this information helpful!
In terms of trading volume OpenSea is still arguably the largest NFT marketplace today. According to DappRadar’s 2022 industry report, OpenSea’s total transaction volume grew by 26.22% ($18.6 billion) in 2022 compared to the previous year. This is more than 10 times the annual transaction volume of X2Y2, which came in second.
The fact that OpenSea is the largest NFT marketplace is also evident in its wide variety of NFTs and supported blockchain ecosystems. Here users can buy and sell digital art NFTs, domain names, land in virtual worlds, collectible trading cards, game items, and so on.
Some NFTs available here are from popular projects like Bored Ape Yacht Club, The Sandbox, Otherdeeds for The Otherside, and of course, ENS Domains.
The NFT marketplace supports hundreds of projects across different blockchain platforms. OpenSea supports Ethereum, Polygon, Klatyn, Solana, Polygon, Avalanche, Arbitrum, Optimism, and BNB Chain, and it will add more platforms as well.
Anybody logging into the platform using Metamask or other Web3 wallets can create their own NFT without paying any gas fees. Creators can create their own NFT collection and the corresponding NFTs for free and without writing any code. Games and other blockchain projects that use their own smart contracts can also be added to OpenSea.
Selling NFTs on OpenSea can happen in several ways. Sellers can set a fixed price, let the price decline over time, or set up an auction with an end date.
Decentralized NFT marketplace X2Y2 was launched in February 2022 with a vampire attack on OpenSea. Unlike OpenSea, X2Y2 looks to provide a “truly decentralized” experience to its users. One of the practices to achieve the above idea is to share profits with its community by rewarding those who stake X2Y2 tokens.
The X2Y2 token is the governance and fee-sharing utility token that facilitates the X2Y2 ecosystem. In February, the marketplace airdropped 12% of the total token supply to OpenSea users who traded on the platform before January 1st, 2022.
Apart from trading NFTs on the marketplace, users can use their NFTs as collateral to borrow ETH from other lenders, which is called NFT Loan on X2Y2. Those blue-chip NFTs that have established brand awareness, such as BAYC, Doodles, CryptoPunks, etc., are often seen as ideal collateral.
Despite the NFT market activity declining month by month in 2022, Y2X2 has achieved impressive results in terms of on-chain metrics, thanks to its fee-sharing mechanism and innovation on NFTFi.
Historical activity on X2Y2. Source: DappRadar
3. Magic Eden
Magic Eden is the biggest Solana NFT marketplace and has expanded to Ethereum and Polygon. Its popularity stems from several reasons.
The Solana network itself is fast and has low gas fees, and with sales fee set to only 2% the marketplace became popular fast. This makes it a good choice for creators and traders, but that’s not where the real fun with Magic Eden begins.
What makes it special is its launchpad that allows newbie creators to create NFTs without prior development experience.
Not only is Magic Eden an excellent starting place for new creators, but collectors can also benefit from using this marketplace with the platform’s curated list of upcoming NFT launches.
Magic Eden expanded to Ethereum in September 2022. According to CEO Jack Lu, Magic Eden’s ecosystem will expand to other networks in the future, and Ethereum is just one of them. He talked about the amazing NFT community, collections, creators, and culture in the Ethernet ecosystem, which is a key motivation for Magic Eden to make it a top choice.
Historical activity Magic Eden. Source: DappRadar
An NFT marketplace running on Ethereum, LooksRare launched in early 2022 as a direct competitor to OpenSea.
There are a couple of advantages to using LooksRare. First, it’s much cheaper with its 2% sales fee. Second, every time you buy or sell an NFT using this marketplace, you’re rewarded with the LOOKS token.
It’s worth noting that 75% of the token is distributed to the community, and the revenue is decentralized. Additionally, you can stake this token and earn interest on your staked tokens, of course paid in LOOKS tokens.
Bonus points go for the LooksRare bidding system that allows you to bid on any collection and set the price yourself.
BloctoBay is a Flow NFT marketplace. Users can buy, sell, and discover exclusive Flow NFTs including NBA Top Shot, Dark Country, MotoGP Ignition, Vault by CNN, Ben Mauro’s Evolution, Starly, Chainmonsters, and more. It supports both web browser and native app experiences.
BloctoBay reached $428 million in trading volume in 2022, ranking 6th out of all markets tracked by DappRadar. The top five are the four trading marketplaces mentioned above, plus the CryptoPunk marketplace that only trades its own NFTs.
BloctoBay’s transaction volume surged by 983% compared to last year. This is due to the introduction of a number of new collections other than NBA TopShot into the marketplace, diversifying the choices available to users.
Before you explore BloctoBay, you will first have to connect with your Blocto wallet. The wallet supports multiple blockchains such as Flow, Ethereum, Tron and more to come.
6. Immutable X Market
This is a gas-free marketplace for NFTs on the Immutable X blockchain. Users can buy and sell NFTs without paying any gas fees.
Immutable as an Ethereum’s Layer-2 solution focuses on building a high-throughput and cost-effective infrastructure for Web3 games. Now, Immutable X has evolved into a vibrant gaming blockchain, home to some of the popular games, such as Gods Unchained and Guild of Guardians. Furthermore, Illuvium, one of the most anticipated games, also chose Immutable as the network for running its game.
With that in mind, it is easy to understand why Immutable X Marketplace has become one of the most visible NFT marketplaces, as users can trade a large variety of digital assets created on the Immutable X network here. Above all, the marketplace taps into the blockchain-wide NFT order book, creating healthy competition among NFT marketplaces on Immutable X.
Blur is a special NFT marketplace because it is for professional traders. This is also reflected in its interface design, which employs a simple design and dark tones to highlight data, information, and quick actions.
This new NFT marketplace is backed by a number of crypto investors and opinion leaders, including Pink 6529, Cozomo Medici (Snoop Dogg), dhof (the creator of Vine and Loot), and others. After raising $11 million from these investors for the funding capital, it officially went live on 19 October 2022.
Blur does not target general users. Interestingly, despite targeting a niche market, the platform’s users have astonishing “purchasing power”. In the last 30 days, the number of unique active wallets on Blur is only about 1/6 of OpenSea’s, but the former generated $163.1 million in transactions and the latter $279 million USD.
8. Theta Drop
Theta Drop is an NFT marketplace on the Theta Network, a purpose-built, eco friendly blockchain for media and entertainment. Creating and transacting NFTs on the Theta Network costs a fraction of a penny and is 100 times faster than Ethereum, according to its website.
Theta Drop is a real-time NFT marketplace, which is its biggest selling point. It means that the marketplace incorporates live streaming during auctions and NFT drops, which aims to increase creator-fan engagement and tie-ins with live television and cable broadcasts to millions of global viewers.
Because of these unique features, Theta Drop has secured numerous collaborations with well-known IPs and celebrities, including American Idol, World Poker Tour, Katy Perry and more.
Solanart was the first NFT marketplace that launched on Solana. While it’s no longer number one on the network, it still offers a lot.
The fee is 3%, but creators are free to decide on the amount of creator’s fees that are included in the selling price of the NFTs.
Another excellent feature of this marketplace is the price history that allows collectors to see the performance of the collection over its lifetime. It might be helpful if you want to check if the NFT you’re planning to buy will make for a good investment.
Solanart has also introduced a loan feature. Users lock an NFT as a guarantee when they need to borrow SOL. Even though used as collateral, the NFT will remain in users’ wallet so they can still enjoy benefits like airdrops.
The amount users can borrow is up to 40% of the floor value and they have 14 days to repay the loan.
10. Atomic Hub
There’s a variety of NFT marketplaces for the Wax blockchain, but there’s only one true leader, and that’s Atomic Hub. This marketplace lists all the Wax projects and allows everybody to trade their assets against the WAX token.
Native to the Wax blockchain means that trading doesn’t require any gas fees, which is one of the reasons why the marketplace is growing tremendously. This allows users to trade assets with a $0.25 value.
In addition, it’s fairly easy to create your own NFT collection on Atomic Hub. Without paying any gas fees, users can create their own collection simply by clicking “NFT Creator” in the top menu. Every collection can be filled with NFTs from a similar theme, and creators can use ‘schemas’ to standardize the data behind these NFTs.
NFTs are unique digital items on the blockchain, and they can, for example, be a collectible card, artwork, and also a piece of virtual real estate, or a sword inside a video game.
There are NFT marketplaces to buy and sell your own non-fungible tokens or digital assets, and they come in all kinds of shapes and sizes.