Magic Eden has exceeded Blur to become the top NFT marketplace, showcasing a major transformation in digital asset exchanges. Despite Blur's previous dominance in Ethereum-based NFTs, Magic Eden's trading volume in April 2024 surpassed Blur by $108 million. This surge was driven by Magic Eden's expansion into Bitcoin Ordinals and attractive rewards programs for traders and collectors.

According to DappRadar’s Dapp Industry Report for April 2024, the majority of Magic Eden's trading volume (70%) now originates from Bitcoin Ordinals, underscoring the popularity of this new asset type in the NFT industry.

With the emergence of Runestone, a remarkable Bitcoin Ordinals creation, the market has witnessed exceptional growth, even surpassing the renowned Bored Ape Yacht Club in trading activities.

The report highlighted notable shifts in the NFT market, revealing a 13% decline in total trading volume to $1.35 billion in April. However, sales increased by 20%, largely due to the surging popularity of Runestone, which has surpassed the Bored Ape Yacht Club in terms of trading volume.

Bitcoin collections experienced a significant 32% rise in trading volume, reaching $675 million, positioning Bitcoin as the blockchain with the highest trading volume, followed by Ethereum. Furthermore, the Blast chain is gaining traction among traders seeking to accrue airdrop points through Blur's latest deployment.

In summary, the triumph of Magic Eden indicates a promising future for NFT enthusiasts and investors, with new prospects and advancements emerging continuously.