OpenSea hits $10 billion trading volume

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OpenSea hits $10 billion trading volume

You read it right: OpenSea has touched a volume of $10 billion. With this, the NFT trading platform once again shows its dominance within the world of NFTs. The NFTs of the popular blockchain game Axie Infinity leads the platform when it comes to largest trading volume.

OpenSea leading the world of NFTs

So the 11 numbers have been hit on OpenSea, and all in NFT transactions. Very indicative of the development that NFTs have gone through in the past year. Whereas 1 year ago most people had probably never heard of NFTs, today you can’t really ignore them anymore.

OpenSea was founded in December of the year 2017, so it has already made $10.3 billion in transactions since 2017. The statistics clearly show that NFTs are growing tremendously. Indeed, in the first six months of 2021, $2.5 billion worth of NFTs were traded through OpenSea, while $1.85 billion worth of NFTs have already been traded in the past 30 days. So the NFT market seems to keep growing.

In third place of highest volume are the Crypto Punks of Larva Labs. They already accounted for $1.59 billion in transactions between 5,236 different users.

OpenSea makes particular use of the Ethereum blockchain, as it accounts for 97% of the volume through the platform. However, NFTs on other blockchains are becoming increasingly popular. For example, we have recently seen many NFTs on the Solana network.

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Disclaimer: Trading and investing in cryptocurrencies (also called digital or virtual currencies, altcoins) involves a substantial risk of loss and is not suitable for every investor. You are solely responsible for the risk and financial resources you use to trade crypto. The content on this website is primarily for informational purposes and does not constitute financial advice.

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