OpenSea’s daily volume exceeds its total volume in 2020

The leading market for NFT, OpenSea is currently processing more daily transactions than in all of 2020.

On August 2nd, Devin Finzer, co-founder and CEO of OpenSea, tweeted this the platform had processed $ 95 million in transactions in two days.

Finzer estimates that OpenSea processed a volume of US $ 21 million for the full year 2021 The market appears to have seen a more than 650x increase in the value of daily transactions since 2020.

OpenSea’s daily volume exceeds its total volume in 2020
OpenSea’s daily volume exceeds its total volume in 2020

Data from DappRadar Shows OpenSea Gains Leadership Over Competing NFT Markets; SuperRare and Rarible currently represent a daily volume of $ 543,000 and $ 248,000, respectively..

Although Rarible outperformed OpenSea in 2020 as the platform hosted more than $ 24 million in volume last year, OpenSea now represents 150 times the volume of Rarible. Despite the relegation in the overall standings Rarible’s daily volume has nearly quadrupled since 2020.

According to data from Dune Analytics, SupeRare processed roughly $ 6 million in transactions last yearwhich averages about $ 16,400 per day. A) yes The volume of SupeRare has increased more than 33 times since 2020.

The NFT sector saw meteoric growth earlier this year before peaking in May, and Cointelegraph reported in early June that total NFT sales were already down 90% from the market high.

Despite the market decline in June NFT sales still topped $ 2.5 billion in the first half of 2021.

According to data from DAppRader, OpenSea currently leads the NFT industry by volume, followed by the popular DApps Axie Infinity and CryptoPunks. The booming game Axie generates $ 27.12 million in daily transaction volume, while more than $ 5.5 million in CryptoPunks have changed hands in the past 24 hours.

OpenSea recently achieved unicorn status after closing a Series B financing round $ 100 million at a valuation of $ 1.5 billion on July 20.

As part of the financing round The platform announced plans to launch a “no gas” market on Polygon, as well as a deployment on Dapper Lab’s Flow blockchain focused on NFTs..

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