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For a long time, OpenSea has been the number one NFT marketplace. From home to top collections like the Bored Ape Yacht Club to perhaps the most prestigious market in the field, high seas took the supremacy.
But now there may be a bit of competition in the marketplace thanks to upcoming NFT marketplace Sudoswap. 10% of OpenSea daily trading volume.
This result by sudo swap It is important not only because the market is new, but also because it offers unique capabilities to customers. For example, sudoAMM is fully on-chain. This means marketplace users can access the same liquidity as the platform by using Ethereum.
Then there are the low fees they charge for their transactions. A typical marketplace charges a fee of around 7.5% of the transaction value, Sudoswap charges only 0.5%This means sellers can keep more profit than usual.
Finally, there is the cost of gas bills that Sudoswap helps save users. Bulk deals for his NFTs on Sudoswap are up to 40% cheaper compared to competitors. With all these perks available to customers, it is no surprise that the market has amassed such trading volume in such a short period of time.
Learn more about other cool NFT marketplaces >> here
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
