OpeanSea Transaction Volume Shows That NFTs Are Not Slowing, Here Are Some Pr...
We’ve only been in the new year for a few days, and OpenSea is proving to be NFT’s open sea. On the second day of 2022, the NFT marketplace, which features some of the biggest blockchain-based collectibles from Bored Apes to CryptoPunks, announced $243 million in sales. The figure went up significantly during new year’s eve. The company made $170 million on January 1 and $124 million on December 31. Opensea Sales Increased 646x In 2021, Cruises Into 2022 OpenSea ended 2021 with a total trading volume of nearly $14 billion. According to data from Token Terminal, the top....
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On-chain data shows the Bitcoin transaction volume has plunged to a 3-year low, a sign that may not be positive for the cryptocurrency. Bitcoin Transaction Volume Has Continued To Be Low Recently According to data from the on-chain analytics firm Santiment, the BTC transaction volume has seen a decline of 90% since the peak in […]
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 Bitcoin Transaction Volume is Dropping. Bitcoin transaction volume is dropping. Yesterday the transaction volume dropped to the lowest since 2011. Only 69,152 BTC were traded. What does it mean? Looking at the data, taken from Blockchain, we can see a clear decline in Bitcoin volume since November/December of 2013, when the Bitcoin volume was at 345,628 BTC with a peak in the middle of March with 441,337 BTC. Looking at the same volume chart, but this time showing volume in USD, the transaction volume yesterday was at just over $30 Million. We must be aware of the drop in Bitcoin price....
The NFT sector has seen exponential growth, tripling in transactions since January and pushing through the market crash this month. The popularity of non-fungible tokens, or NFTs, shows little sign of slowing down, despite the extraordinary marketwide crash that wiped more than $1 trillion off the crypto market cap.According to a report by decentralized app marketplace DappRadar, the average number of NFT sales rose almost 300%, from 21,815 per day in January, to 82,373 in May (so far). This number rose even higher as crypto prices started to plummet on May 12, with sales surging to almost....
Bitcoin trading volume is shifting to new exchanges, data shows. Following the decision by major China-based exchanges to end the practice of no-fee trading (at the request of the country's central bank), their lesser-known competitors have begun to claim the top spots in terms of transaction activity. In the aftermath of the big exchanges adding trading fees – BTC100 and CHBTC – two China-based marketplaces, have climbed to the number one and number two spots in trading volume, according to CoinMarketCap figures and the companies' websites. BTC100, which came out on top, enjoyed more than....