OpenSea’s daily volume is exceeding its 2022 total
OpenSea'southward daily volume is exceeding its 2020 total
Nonfungible tokens announced to be bubbling again, with market place OpenSea now processing more book daily than it did for the entirety of 2020.
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Leading nonfungible token (NFT) marketplace OpenSea is now processing more transactions daily than it did during the entirety of 2020.
On Monday, Devin Finzer, co-founder and CEO of OpenSea, tweeted that the platform had candy $95 million worth of transactions in 2 days.
Finzer estimates that OpenSea processed $21 1000000 in book for the entirety of 2021, equally the marketplace appears to have enjoyed an increase in daily transaction value by more than than 650 times since 2020.
— Devin Finzer (dfinzer.eth) (@dfinzer) August two, 2021In 2020, OpenSea did about $21M in total transaction volume.
In the last 2 days, we did $95M.
The growth curve for NFTs is insane.
DappRadar data shows that OpenSea is extending its pb over rival NFT marketplaces, with SuperRare and Rarible currently representing daily volumes of $543,000 and $248,000, respectively.
While Rarible outperformed OpenSea in 2020, with the platform hosting more than $24 one thousand thousand worth of book concluding year, OpenSea at present represents 150 times the amount of Rarible's volume. Despite sliding down the leaderboard, Rarible's daily volume has nearly quadrupled since 2020.
Co-ordinate to data from Dune Analytics, SupeRare processed around $six meg in transactions last yr, equating to roughly $16,400 daily on boilerplate. Every bit such, SupeRare's book has increased by more than 33 times since 2020.
The NFT sector saw meteoric growth at the beginning of this year earlier topping out in May, with Cointelegraph reporting in early on June that total NFT sales had already declined by ninety% from the market top.
Despite the marketplace tapering off in June, NFT sales still topped $2.5 billion in the offset half of 2021.
According to data from DappRadar, OpenSea is currently leading the NFT sector past book, followed by popular decentralized applications Axie Infinity and CryptoPunks. The surging play-to-earn game, Axie, represents $27.12 one thousand thousand worth of daily transaction book, while more $5.5 1000000 worth of CryptoPunks has changed hands in the terminal 24 hours.
Related: NFTs can be a good pathway to draw women into crypto, says Lavinia Osbourne
OpenSea recently attained unicorn status after endmost a $100-million Serial B funding circular at a $1.five-billion valuation on July xx.
As part of the funding round, the platform announced plans to launch a "gas-costless" market place on Polygon in add-on to a deployment on Dapper Lab's NFT-focussed Flow blockchain.
Source: https://cointelegraph.com/news/opensea-s-daily-volume-is-exceeding-its-2020-total
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