OpenSea Saw $1.22 B in Trading Volume in the Last 30 Days

by in Blockchain News

OpenSea $1 B trading volume

Popular NFT platform OpenSea set records in the previous 30 days.

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On August 17, the market’s co-founder and CEO Devin Finzer informed the community that the platform's trading volume surged to $1 M this month.

At the beginning of the month, the indicator reached $95 M in two days, which was already more than the total trading volume of 2020.

Data provided by a dapp analysis DappRadar show that in the last 30 days, OpenSea'scolume of trades went up to $1.2 B (387,100 Ethers). This means an increase of around 933%.

One of the reasons for the growth is that along with famous CryptoPunks, there are new NFT collections in the face of Pudgy Penguins and Bored Ape Yacht Club seeing high demand.

Search interest in OpenSea also set new record highs.

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The NFT marketplace was founded in 2017. On July 20, the company revealed raising $100 M in Series B round. Thus, its valuation surged over $1.5 billion.