This weekend, the non-fungible token (NFT) marketplace Opensea surpassed $10 billion in all-time 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 Marketplace is $ 872 per NFT.
Opensea Cracks $10 Billion in All-Time Sales
NFTs have become very popular in 2021 and the trend continues toward the end of the year. Most recently, Bitcoin.com News covered the NFT industry and market action data compiled by nonfungible.com. The report had shown 2021’s third quarter broke records surpassing the NFT metrics recorded in Q1 and Q2. Today, the leading NFT Marketplace Opensea hit a record milestone exceeding $ 10 billion in all-time NFT sales.
Opensea is the largest NFT market in terms of all-time settlement and the second largest NFT project is Axie Infinity. Axie Infinity recorded unprecedented $ 2.99 billion in sales and recently launched an NFT Marketplace. Axie Infinity sales is 29.90% of Opensea’s all-time sales and the NFT game built on Ethereum has seen 1,031,704 traders.
Opensea’s $ 10 billion in revenue follows the company’s $ 100 million fundraising in late July. The venture capital firm Andreessen Horowitz led the Series B round and investors such as Kevin Durant, Ashton Kutcher, and Tobi Lutke participated as well. The capital increase also propelled Opensea into the category of unicorn companies.
Following the funding, however, Opensea’s management dismissed an employee after the crypto community accused the employee of insider trading. Four days later, the Opensea marketplace launched its smartphone application so that users can access the NFT market from their mobile phones.
Polygon-Based Opensea Action Increases — Top Traders Collect Art Blocks, BAYC
In addition to Opensea’s Ethereum network support, the NFT marketplace also leverages Polygon as well. While August was an all-time high for Polygon-based Opensea transactions, the past two months have remained stable. The highest number of monthly active traders using Polygon-based Opensea transactions is September, according to Dune Analytics stats.
While Opensea has seen $ 10.25 billion settled, the average price of Openea over its lifespan is $ 872 per NFT, according to metrics from dappradar.com. At the time of writing, Opensea’s top 500 traders according to Dune Analytics, trade the Art Blocks collection the most, which is followed by the Bored Ape Yacht Club (BAYC). Art Blocks and BAYC are followed by Cool Cats, Bored Ape Kennel Club (BAKC) and Cryptotoadz.
