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OpenSea NFT Marketplace Trading Volume Tops $3.5 Billion Since Start of January

OpenSea NFT Marketplace Trading Volume Tops $3.5 Billion Since Start of January

From January 1, the trading volume of the non-fungible token (NFT) marketplace OpenSea reached $3.52 billion, according to Dune Analytics. The metric surpassed established maximum set in August 2021.

Trading volume of OpenSea by month. Data: Dune Analytics.

The previous OpenSea record was $3.42 billion. In December, the figure reached $3.24 billion.

As there are two weeks left in January, the trading volume for the month is likely to exceed the current level.

According to Dune Analytics, OpenSea also reached a record number of active users. For the partial January, the figure exceeded 365 thousand, and in December it stood at 362 thousand.

OpenSea active users by month. Data: Dune Analytics.

Earlier, the number of OpenSea users who had made at least one trade surpassed 1 million.

In January, OpenSea closed a Series C financing round for $300 million. The platform’s valuation reached $13.3 billion.

In early 2022, the NFT marketplace LooksRare launched. The developers carried out a ‘vampire attack’, distributing the native LOOKS token among OpenSea users.

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