OpenSea's daily volume is exceeding its 2020 total
Nonfungible tokens appear to be bubbling again, with marketplace OpenSea now processing more volume daily than it did for the entirety of 2020. Leading NFT marketplace, OpenSea, is now processing more transactions daily than it did during the entirety of 2020. On Aug. 2, Devin Finzer, the co-founder and CEO of OpenSea, tweeted that the platform had processed $95 million worth of transactions in two days. Finzer estimates that OpenSea processed $21 million in volume for the entirety of 2021, a the marketplace appears to have enjoyed an increase in daily transaction value by more than 650....
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The market for nonfungible tokens appears to be reviving, with OpenSea already handling more volume daily than it did in the entire year of 2020. OpenSea Trading Volume Soars Over the weekend, OpenSea, a prominent marketplace for non-fungible tokens (NFTs), generated approximately $55 million in trade volume, about five times more than the entire year […]
OpenSea closed out over $1.3 billion in sales in the last seven days, yet the number of daily active users on the platform dropped by more than 30%. While it seems OpenSea is keeping pace with January’s total volume of $5 billion by generating over $1.3 billion in total volume the last 7 days, the number of active users has decreased by more than 30% according to data from Dune Analytics.Are we beginning to see a lull in trader activity as a sign of an impending market pullback or are investors and collectors taking their trading activity elsewhere? OpenSea daily active users. Source: Dune....
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....
NFT bear market, confirmed. At least according to the latest OpenSea daily volumes, which hit a 15-month low on yesterday’s trading volume. Let’s evaluate where things stand in this bear market, and what lies ahead for NFTs as we close out the year. OpenSea’s Recent Headwinds Sundays can be notoriously slow in crypto (for a […]
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....