# Major NFT Marketplace Overview

By [Intswap](https://paragraph.com/@intswap) · 2023-03-24

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In the past few years, dozens of #NFT marketplaces targeting different user groups have emerged, aiming to build communities around themselves with their own unique characteristics.

👀Let’s take a look at the comparison of the 6 major NFT marketplaces👇

### Opensea

Opensea is currently the largest and most popular NFT Marketplace , and one of the only NFT marketplaces with a dedicated mobile app. However, there are three main problems :

1️⃣Opensea has a low degree of decentralization and does not issue tokens to give back to the community.

2️⃣ The handling fee of the OpenSea platform is much higher than that of mainstream trading platforms in the market.

3️⃣ Opensea does not solve the liquidity dilemma of NFT.

### Looksrare

The transaction volume of LooksRare once surpassed Opensea and became the biggest competitor of Opensea. Although its function is the same as that of Opensea, looksrare is mainly based on its mature token economic model, pioneered NFT transaction mining and provides zero royalty transactions.So can Looksrare really surpass Opensea? In fact, Looksrare does not seem to solve the NFT liquidity problem, and there are a lot of wash trading, which brings more noise to the development of the industry.

### X2Y2

X2Y2 claims to come from the community and serve the community. About 80% of the platform tokens are distributed to the community. The innovation lies in the rewards for NFT list orders, as well as 0% fee NFT loan services with lower platform transaction fees.Due to NFT-listing rewards, X2Y2, like looksrare, has a large wash trading volume,which makes it difficult for beginners to assess the real market value and demand of NFT.

### Element

Element is an NFT Marketplace for cross-chain aggregation. With smooth user experience, Element has dominated on the BSC chain. However, Eelement’s homogeneity is too high and its innovation is insufficient, so it has not been able to carve up a small share in the Ethereum market.Beyond that, element‘s tokenomics, gov system and necessary info haven’t been fully announced, resulting in less community trust.

### Blur

Blur, as an aggregator NFT trading platform with real-time trading, one of the biggest advantages is the transaction speed. Meanwhile, 0% platform fees and incentive royalties (the higher royalty , the more blur airdrops you get) are also friendly. The disadvantages of Blur is also obvious. The high gas fee brought by fast speed, and whether Blur’s economic model of 0% platform fees is sustainable.

### Sudoswap

Sudoswap is an NFT DEX based on the AMM trading protocol, which aims to the NFT liquidity problem. Simultaneously, users can establish mining pools, provide liquidity for their own NFT, and control the pricing of the fund pool by themselves.0 royalties seems also very user-friendly.However, Sudoswap’s transaction model cannot reflect the difference in NFT rarity, and its application scenarios are relatively limited. It is only suitable for some long-tail projects or NFT with a high degree of homogeneity.

The NFT platform war has started, who are there any cooler cases ?

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*Originally published on [Intswap](https://paragraph.com/@intswap/major-nft-marketplace-overview)*
