Opensea’s All-Time NFT Sales Volume Crosses $20 Billion

Data indicates the non-fungible token (NFT) marketplace Opensea has crossed $20 cardinal successful all-time sales. The starring NFT marketplace has seen much than 1.2 cardinal traders leverage the level since the market’s inception successful 2017.

1.2 Million Opensea Traders and $20 Billion successful Sales Volume

Metrics amusement that the NFT marketplace Opensea has surpassed $20 cardinal successful all-time income volume, according to dappradar.com. The NFT marketplace was created 5 years agone by the entrepreneurs Devin Finzer and Alex Atallah.

Opensea allows users to merchantability NFTs astatine a fixed terms and they tin besides leverage the auction method to merchantability their non-fungible tokens. When the marketplace started successful 2017, Ethereum was the blockchain of prime but precocious Opensea has added enactment for the layer-two (L2) Polygon blockchain network.

Dune Analytics data shows that Opensea’s transaction number and USD measurement has accrued implicit the past 30 days. At the clip of writing, dappradar.com metrics bespeak 30-day income person risen by 35.17%.

While Opensea is the starring NFT marketplace today, the caller entrant Looksrare has been a competitor. Data shows that the NFT marketplace Looksrare’s all-time measurement is $14.68 billion, but Lookrare’s commercialized measurement is considered contestable.

Looksrare’s income figures person been adjusted connected analytics web portals arsenic the marketplace has been reportedly “hit by washtrading.”

Opensea has a slew of competitors similar Rarible, Magic Eden, Atomic Market, Superrare.co, Foundation, Digitaleyes Market, and more. However, Magic Eden, processing the highest fig of income retired of the aforementioned NFT markets, has lone seen $582.31 cardinal successful all-time sales.

Axie Infinity, connected the different hand, has processed $4.08 cardinal successful all-time sales, ranking the task 3rd successful presumption of magnitude of NFT sales, down Opensea and Looksrare.

Prior to the $20 cardinal successful all-time sales, Opensea acquired Dharma Labs and successful January the institution raised $300 million, propelling the firm’s valuation to $13.3 billion.

What bash you deliberation astir Opensea’s income measurement crossing the $20 cardinal mark? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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