Are Aggregators The Next Big Thing For NFTs?

NFT marketplace aggregators are platforms that offer access to collections from different NFT marketplaces all in one platform.

Image courtesy of 123rf. via The Tokenist

NFT marketplace aggregators have processed over $1.956 billion in trading volume in 2022. Moreover, these platforms have registered around $78 million in trading volume over the past month alone, with NFT marketplace Blur accounting for most of that volume. 

What are NFT Aggregators?

NFT marketplaces are platforms where NFTs are minted and listed for sale. These platforms play a vital role in the emerging NFT sector, allowing creators to easily create and promote their projects without needing technical knowledge. 

Furthermore, NFT marketplaces allow investors to trade and flip digital collectibles. However, as NFTs can be minted on various blockchains, they can also be listed for sale on various marketplaces depending on the creator’s preference. 

Currently, there are over 200 NFT marketplaces, each with its own users and creators. This makes it often hard for NFT traders to navigate various marketplaces and find promising projects. This is where NFT aggregators come into play. 

NFT aggregators gather listings from multiple marketplaces and platforms in one place. This allows NFT traders to access various collections that are based on different marketplaces from one simplified interface. 

There are multiple benefits to NFT aggregators. For one, they offer access to all NFT collections from one simplified interface. Moreover, they improve search efficiency, allow for bulk purchases, and offer personalized recommendations. 

Blur, Gem, and Genie are the three most popular NFT marketplace aggregators currently. All these platforms display listings from major marketplaces, including OpenSea, LooksRare, SuperRare, X2Y2, NFT20, NFTX, and others. 

NFT Aggregators Gathered Momentum in 2022

NFT marketplace aggregators continue to attract more users who wish to access NFT collections from different NFT marketplaces all in one platform. These platforms have processed over $1.956 billion in trading volume in 2022 with around 206,000 users, according to a Dune Analytics Dashboard. 

Moreover, NFT aggregators have registered around $78 million in trading volume over the past month alone and around $22.8 over the past week. Blur, Gem, and Reservoir have been responsible for over 90% of that volume, registering around $58 million, $12 million, and $2 million in trading volume over the past month, respectively.


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Disclaimer: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or ...

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