OpenSea extends NFT dominance with $10B cumulative volume
Despite OpenSea’s massive lead in cumulative settlement volume, popular NFT game Axie Infinity ranks first by user base and total number of trades. OpenSea has become the first nonfungible token (NFT) marketplace to process 11-figures worth of NFT trades.According to NFT data aggregator Dapp Radar, the pioneering marketplace has hosted more than $10.3 billion worth of transactions since launching in December 2017.The platform has seen exponential growth this year, with the platform having processed $2.5 billion worth of trades for the entirety of the first half of 2021.Since the beginning....
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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 […]
The largest NFT marketplace is facing headwinds from its competition as OpenSea sees its market share slip whilst its rivals gain significant ground. Opensea’s dominance begins to waiverNonfungible token (NFT) marketplace Opensea has seen its competitors chomping at its ankles this year as they gain market share — turning the market from a “monopoly” into an “oligopoly," a new report states. Binance Market Pulse released on Oct. 20 says there has been a slow and steady change in market leadership, noting that while OpenSea is still the dominant marketplace in terms of users and volume,....
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....
The nonfungible token marketplace processed 1.18 million transactions worth $1.06 billion in the last 30 days alone. Trading volumes on peer-to-peer nonfungible token (NFT) marketplace OpenSea have surged by over 12,000% in 2021.DappRadar data shows that the total incoming value to OpenSea’s smart contracts increased to $56.07 million on Wednesday compared to $73,556 on Jan. 1. Meanwhile, the marketplace’s user count increased from 315 to 14,520 in the same period — a 4,423% increase.OpenSea historical activity. Source: DappRadarA major portion of OpenSea’s trading volume spike happened....
The largest non-fungible token (NFT) marketplace by trade volume, Opensea, has announced the company has let 20% of its staff go after CEO Devin Finzer said the layoffs were due to a combination of “crypto winter and broad macroeconomic instability.” Opensea’s decision follows the startup surpassing $31 billion in all-time NFT sales volume, and the company adding a variety of new support features.
Opensea CEO Reveals Company Layoffs
Opensea joins the growing list of crypto asset companies announcing layoffs this year, as the crypto market downturn has....