• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Saturday, June 28, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Top 5 Most Popular NFT Marketplaces Built on Ethereum – May 2022

Paul Brabus by Paul Brabus
May 6, 2022
in Featured
Reading Time: 6 mins read
0
NFTs on screen. A non-fungible token (NFT) is a unique digital asset that represents ownership of real-world items like art, video clips, music, and more
15
SHARES
Share on TwitterShare on Facebook

Ethereum remains the most popular blockchain on the market for launching dApps, DeFi, blockchain games, and NFT marketplaces. Despite its high fees, Ethereum is one of the most battle-tested blockchains available, making it one of the safest and most secure options for developers and users. Today we look at the top five NFT marketplaces on Ethereum, ranked by 30-day trading volume, lowest to highest.

#5 OpenPFP – $40 million

Launched on March 28th, 2022, OpenPFP is a massive Ethereum NFT marketplace built by the top-rated Metaverse crypto coin Radio Caca.

openpfp nft marketplace collections

OpenPFP enables the integration of its USM (The United States of Mars) Metaverse, which introduces 100 out-of-the-box galleries for PFP/NFT projects, NFT collectors, artists, and DAO communities to display their art and host community parties.

As an Ethereum-based NFT marketplace, OpenPFP features legendary collections like the Bored Ape Yacht Club, Mutant Ape Yacht Club, Terraforms, etc. It also features the Metamon collection for Radio Caca’s play-to-earn Metamon game, which we recommend checking out.

Radio Caca is one of the most significant Metaverse crypto coins by market cap, currently valued at over $300 million with a 24-hour trading volume of $27.7 million. OpenPFP is off to a fantastic start, making it to the top five most popular Ethereum-based NFT marketplaces by trading volume, speaking to the tremendous long-term potential of this marketplace.

#4 X2Y2 – $183 million

Launching in January 2022, X2Y2‘s vision is to build a genuinely decentralized NFT market and give it back to the community. X2Y2 is looking to create a better alternative to OpenSea, challenging its monopoly.

x2y2 nft marketplace home screenshot

X2Y2 is looking to solve issues like the top marketplaces focusing on whales, not people, the lack of transparency, and the abundance of wash trading, which inflates the stats of collections and marketplaces in general.

The relatively new marketplace featured an Airdrop for its token, issued to all OpenSea users, essentially initiating a Vampire Attack looking to incentivize existing users to switch to the alternative market. In addition, X2Y2 limited staking rewards to try and curb wash trading and incentivize an honest ecosystem.

With a 30-day trading volume of $183 million, X2Y2 is the fourth-most traded NFT marketplace on the Ethereum blockchain. We recommend checking it out if you’re looking for a user-centric alternative to OpenSea.

#3 LooksRare – $423 million

Launched in January 2022, LooksRare is another alternative to OpenSea that caught traction earlier this year. LooksRare is a community-first NFT marketplace that provides rewards for users buying/selling NFTs.

looksrare nft marketplace home screenshot

The marketplace features its native token LOOKS, which can be staked for a significant APY of up to 101%, and compounded for up to 148% APY. The marketplace enables users to earn a share of daily trading fees with WETH in the form of LOOKS, incentivizing users’ activity on the market.

One selling point for LooksRare is its much lower fees. The trading fees are 20% lower than OpenSea, and the additional rewards users earn by trading with LooksRare make it a viable alternative to the most popular marketplace on Ethereum.

In addition, it’s worth noting that LooksRare isn’t a fork of OpenSea, as its smart contracts are custom-built within a modular system enabling new features to be rolled out over time. It also integrates brand-new on-chain standards like EIP-712 and ERC-2981, supporting the most robust and up-to-date NFTs.

LOOKS is the primary utility asset on the platform, currently trading at $1.39 with a market capitalization of over $592 million, speaking to the tremendous potential and support for LooksRare. We recommend checking out the platform if you’re looking for an alternative to OpenSea with lower fees and superb design.

#2 Gem – $581 million

Launching in January 2022, Gem is another recently-released NFT marketplace, currently the second-most traded market on Ethereum, with a 30-day trading volume of over $581 million.

gem nft marketplace aggregator homepage

Gem is an NFT aggregator, incorporating some of the most popular NFT marketplaces like OpenSea, LooksRare, and X2Y2. OpenSea recently acquired them in April 2022. Gem bundles together listings from various marketplaces to purchase in one go.

Due to aggregating the various collections, Gem effectively reduces the overall gas fees users have to pay for each purchase, solving many liquidity issues with traditional NFT markets.

Some of Gem’s most notable features include significant gas savings, a discover page, a bulk buy/sell page, multi-token payments, and more. Suppose you’re an NFT collector that purchases several NFTs at a time. In that case, we recommend utilizing Gem as it can save you a considerable amount of fees and time searching collections on various markets.

#1 OpenSea – $3.11 billion

Launched in December 2017, the largest NFT marketplace is none other than OpenSea, a staple in the NFT community and a platform that most cryptocurrency enthusiasts know. With a 30-day trading volume magnitudes higher than any other NFT market out right now, OpenSea is the whale on this list.

opensea nft marketplace homepage

OpenSea is a pioneer in NFT marketplaces and was the first market to go mainstream, setting the stage for others to follow both on the Ethereum blockchain and other smart-contract enabled chains.

OpenSea is also the most active NFT marketplace in cryptocurrency, with the most popular collections like BAYC, MAYC, and Otherdeed for Otherside listed first on its platform.

There are hundreds of NFTs sold every hour, and if you’re looking to get your foot in the door with NFTs, the first place you should visit is OpenSea. In addition, OpenSea integrates with Polygon, reducing the gas fees for users significantly. However, keep in mind that you still need to move your ETH to the MATIC chain to take advantage of the low fees.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or NFTs.


Also Read:

Top 3 Solana-based Blockchain Games to Play in May 2022

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse news!

Image Source: rokastenys/123RF

Tags: NFTs
Previous Post

Why Is Bitcoin, Ethereum, XRP, Solana Price Dropping Right Now?

Next Post

Top 3 Metaverse Crypto Coins to Buy Below $2 – May 2022

Related Posts

Featured

XRP Jumps as Ripple Wins Legal Fight

June 28, 2025
Featured

Dogecoin Price Faces Breakdown

June 20, 2025
Featured

CZ Warns of Deepfake Scams

June 20, 2025
Featured

Trump Earns $57M from Crypto Venture

June 14, 2025
Featured

Zhao DEX Could Challenge HyperLiquid

June 8, 2025
Featured

Trump vs Elon Musk: Dogecoin Tumbles on Market Fear

June 7, 2025

Press Releases

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next
News

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

by Alex Mercer
June 24, 2025

Introduction If you blinked, you might’ve missed Jupiter’s brief moment in the spotlight. The DAO behind the once-buzzy token has...

Read more
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier