This weekend, the Opensea non-fungible token (NFT) market exceeded $ 10 billion in historic sales. Statistics show that 629,867 traders contributed to the $ 10 billion in sales and the average selling price since the launch of the NFT market is $ 872 per NFT.
Opensea crosses the $ 10 billion mark in all-time sales
NFTs became very popular in 2021 and the trend continues into this end of the year. Recently, Bitcoin.com News covered NFT industry and market share data compiled by nonfungible.com. The report had shown that the third quarter of 2021 broke records surpassing NFT measurements recorded in the first and second quarters. Today the main marketplace NFT Opensea hit a record milestone surpassing $ 10 billion in all-time NFT sales.
Opensea is the largest settlement NFT market of all time and the second largest NFT project is Axie Infinity. Axie Infinity posted unprecedented $ 2.99 billion in sales and recently launched an NFT Marketplace. Axie Infinity sales represent 29.90% of Opensea’s overall revenue and the Ethereum-built NFT game saw 1,031,704 traders pass.
Opensea’s $ 10 billion revenue follows fundraising by 100 million of the company’s dollars at the end of July. Venture capital firm Andreessen Horowitz led the Series B funding round in which investors such as Kevin Durant, Ashton Kutcher and Tobi Lutke also participated. The capital increase also propelled Opensea into the category of unicorn companies.
After the funding, however, Opensea management fired an employee after the crypto community accused him of insider trading. Four days later, the Opensea marketplace launched its smartphone app so that users can access the NFT marketplace using their mobile phone.
Increase in Opensea share based on Polygon: top traders collect Art Blocks and BAYC
In addition to supporting Opensea’s Ethereum network, the NFT Marketplace also operates Polygon. OpenSea’s monthly volume on Ethereum has been declining month-to-month since August. While August was an all-time high for Polygon-based Opensea transactions, the past two months have remained stable. That said, September saw the highest number of monthly active traders using Polygon-based Opensea trades, according to statistics from Dune Analytics.
According to the metrics of dappradar.com, Although Openea has settled $ 10.25 billion, the average price of OpenSea over its lifecycle is $ 872 per NFT. At the time of writing this article, the Top 500 Traders in Openea according to Dune Analytics exchange the collection the most Art Blocks, followed by the Bored Ape Yacht Club (BAYC). Art Blocks and BAYC are followed by Cool Cats, Bored Ape Kennel Club (BAKC) and Cryptotoadz.
It should be remembered that Opensea has just made a real feat, surpassing $ 10 billion in sales of all time. However, we suggest you stay on Cointribune so as not to miss any news on NFT and get answers to all your questions about the crypto universe!
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