Recently, the crypto space has been gripped by the "points" meta, and NFT trading platforms on Ethereum, Solana, and Bitcoin are actively embracing this trend, aiming to capture the attention of traders worldwide. Questions arise about whether these points will be converted into tokens or airdrops and whether the NFT market can return to its former glory. Magic Eden, an NFT marketplace, is attempting to attract users with loyalty models akin to points, which can yield tokens or other rewards. The Ethereum-based market Blur has pioneered the use of points, significantly increasing its popularity among users.

Solana's trading platform, Tensor, also adopted a points-based loyalty model and surpassed Magic Eden last year, although it has yet to release its crypto token. Magic Eden has launched its Diamonds system, starting with Solana and planning to expand to Bitcoin, Polygon, and Ethereum, in an attempt to catch up with Tensor. While Magic Eden briefly saw a surge of activity on Solana, Tensor continues to control a significant portion of the market.

Blur dominates the market, occupying about 42% of the market share in the last week, primarily due to the Ethereum network. Tensor and Magic Eden follow, with a large portion of Magic Eden's volume coming from Bitcoin Ordinals. OpenSea, which lacks a points accrual system, ranks fourth, primarily on Ethereum and Polygon. Magic Eden is gearing up for a significant breakthrough on Ethereum with the launch of a new trading platform in partnership with Bored Ape Yacht Club and Yuga Labs, which could change the market dynamics.