OpenSea, the world’s leading NFT marketplace, exceeded its new monthly transaction volume record. The company gained this incredible success yesterday, and there are still 12 days left until the end of the month. At the time of writing, the monthly volume is $3.88 billion.
In addition to monthly volume, OpenSea exceeded the daily volume record, reaching $261 million on January 9th. Also, there are 30,000 more monthly dealers at this time compared to the total of the previous month. All in all, the growth of the whole number of OpenSea dealers has not decreased since July 2021.
Anyway, given the total number of sold NFTs, there is a significant reduction in transaction volume. This indicates that the prices of some NFTs have risen greatly over the previous few months. On the other hand, one has to ask what about other NFTs? Are they the owners of HODLing? Collecting? Or is there no more need for those parts anymore?
The monthly increase in OpenSea can surly be connected to different best-selling NFT projects. This involved MAYC, BAYC, Doodles, CryptoPunks, PhantaBear and so on.
OpenSea has definitely had its fair share of bad reviews and publicity, plus many competitors trying to get the top spot. However, the company remains at the top. Anyhow, OpenSea keeps on to grow its service delivery. For example, the recent acquisition of Dharma Labs, opens up a wealth of new opportunities.