OpenSea surpasses $3.5B in trading volume
Setting a new ATH
With still two more weeks left in January, NFT marketplace OpenSea has recorded a new all-time high in monthly Ethereum trading volume.
According to data from Dune Analytics, OpenSea has now surpassed both the previous all-time of $3.42 billion recorded in August last year and the $3.24 billion in sales in December.
So far in January, OpenSea has broken $169 million in trading volume every day, with the platform's largest single-day volume of $261 million recorded on January 9.
The price increase in Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) has played a big part in the surge. In addition, earlier this month, OpenSea announced a $300 million Series C funding round led by venture capital firms Paradigm and Coatue, bringing its valuation to $13.3B billion.
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