OpenSea monthly volumes top $5B as NFTs continue to mainstream
Blue-chip NFTs are rallying week-after-week, closing out a strong start to 2022, but what is driving these collections to pump? In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX and Mutant Ape Yacht Club have seen significant increases in floor prices and total sales volume. Over the last seven days alone, all four projects have generated an estimated $365.9 million in value, according to data from OpenSea. While the crypto market is steadily recovering from its lengthy bloodbath, nonfungible token (NFT) marketplaces like LooksRare and OpenSea have consistently generated about....
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Monthly volumes on OpenSea have declined in comparison with January’s record-breaking start, but select NFT collections are still seeing their floor prices soar. Despite a number of attempted vampire attacks, nonfungible tokens (NFTs) continue to have a strong run on OpenSea, with the number of unique users and transactions increasing. However, the NFT market’s overall volume is falling behind last month’s figure of nearly $3 billion. While there are NFT projects readying to hit the secondary market, it seems the sector, as a whole, is navigating the next move regarding utility and the....
Ethereum’s latest price decrease was fueled by increased altcoin inflows to cryptocurrency exchanges. Experts attribute the drop in Ethereum’s price to direct transfers from the NFT marketplace OpenSea. OpenSea Transaction Volume Dangerous For Ethereum According to Etherscan data, OpenSea has been unloading thousands of ETH on the market in the last few weeks. Similarly, NFT creators on the platform have profited, according to the statistics. The volume of NFT trading on OpenSea continues to climb in January. Since the start of 2022, OpenSea, the largest NFT marketplace, has....
The NFT market observes a wild month as trading volume shoots up and OpenSea marketplace posts record-breaking numbers. NFT Marketplace OpenSea Records $1.68 Billion In Monthly Trading Volume As per data from Dappsradar, the non-fungible token marketplace has recorded monthly numbers unlike ever before as trading volume on the platform jumps almost 580% over the […]
Data shows that OpenSea has generated more than $700 million in sales so far this year putting the NFT marketplace on track for another record month. NFT trading volumes on OpenSea are surging in January amid a renewed speculative frenzy on Yuga Labs’ Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC). According to data posted by “rchen8” on Dune Analytics, OpenSea has generated more than $700 million worth of trading volume since the start of 2022, with Jan. 3 being the biggest day of the year with a whopping $255.8 million worth of 24-hour volume.While popular onlookers as Wu....
Scammers appear to be taking advantage of an OpenSea bug in order to purchase valuable NFTs at a considerably cheaper price than their current listing. Several researchers and developers have detailed the ongoing problem, with some claiming that specific NFTs worth hundreds of thousands of dollars have been stolen by exploiting the platform’s bug. OpenSea […]