OpenSea trading volume surges
Amazing start to the year
Trading volumes on OpenSea, the world’s most popular NFT marketplace, has been surging over the past few days.
According to data posted by Rchen8 on Dune Analytics, OpenSea has generated over $700 million worth of trading volume since the start of 2022. On Monday, trading volume surged to an impressive $255.8 million, making it the biggest day of the year so far.
Bored Ape Yacht Club and Mutant Ape Yacht are two projects that have played a big part in OpenSea’s volume skyrocketing. At the time of writing, MAYC is currently the top-ranked NFT project in terms of seven-day volume on secondary markets at $94.1 million. BAYC is close behind in second place with $89.3M.
While it’s already looking like 2022 could be an even better year for OpenSea, it won’t be easy. In 2021, OpenSea saw a colossal trading volume of $14 billion, a significant rise from its 2020 performance of $21.7 million.
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