OpenSea NFT Marketplace Trading Volume Exceeds $3B

by in Cryptocurrency News


Over the past 30 days, the NFT-centric OpenSea platform has had a trading volume of $ 3.11 billion. During the month, the marketplace recorded more than 195,000 unique users who made 2.22 million transactions.

According to Dune Analytics, in August the marketplace's trading volume exceeded the previous month's by more than 800%. Its users sold 1.6 million NFTs on the platform, which is 3.5 times more than in July.

Delphi Digital analysts have noted the dominant position of OpenSea. According to them, in August, the marketplace occupied 95% of the NFT market. On Sunday, August 29, the daily volume of the platform renewed its all-time high above $ 300 million. Over the month, the number of its unique users more than doubled.

The dynamic growth in trading volume is taking place against the backdrop of the excitement around the CryptoPunks and Bored Ape Yacht Club projects. The company behind the creation of the latter, Yuga Labs, earned $ 96 million in just one hour at the launch of the spin-off on August 28.

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To date, the minimum price of the Mutant Apes token has more than doubled the cost of issuing. Bored Ape Yacht Club and Mutant Ape Yacht Club occupy third and fourth places in the OpenSea rankings in terms of monthly trading volume, respectively.

The CryptoPunks project is in the first place with an indicator of 219,336 ETH, the second - Art Blocks Curated.

Earlier, the Visa payment system bought NFT CryptoPunk for $ 150,000. The deal immediately affected the activity of users - within an hour after the announcement, the developer of tokens Larva Labs sold more than 60 NFTs. The value of each lot exceeded $200,000.