OpenSea trading volume set for record month despite crypto market retreat

OpenSea trading volume set for record month despite crypto market retreat


The world’s leading NFT marketplace OpenSea is poised to break its own record for monthly sales on Ethereum as daily volumes are surging.

OpenSea’s $2.1 billion in trading volume of nonfungible tokens (NFT) through Jan. 10 is more than half the total trading volume for the entirety of August 2021, the highest month on record. Volume reached nearly $3.5 billion in that month, according to Dune Analytics.

The marketplace is currently on pace to top $6 billion in trading volume for January should the current trend continue.

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Current trading volume on OpenSea has been driven by the new PhantaBear collection, which recorded 17,124.79 ETH ($53 million) in sales over the past seven days. Bored Ape Yacht Club is a close second place with 16,657.78 ($51.5 million).

Jay Chou

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