OpenSea Monthly Trading Volume Exceeds $3.5 Billion

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The world’s largest Non-Fungible token (NFT) marketplace, OpenSea, has seen its monthly trade volume in Ether (ETH) exceed $3.5 billion for the first time ever, with just two weeks left in January 2022.

According to data from Dune Analytics, OpenSea has now surpassed the all-time high of $3.42 billion set in August 2021. It has establish a new all-time high, surpassing the $3.5 billion mark in Ether trading volume.

OpenSea’s record-high daily volume was on Sunday, according to Dune Analytics, where the marketplace saw its trading volume hit an all-time high of $261 million. Also to note, so far in January, OpenSea has broken $169 million in trading volume for each day.

Although the cryptocurrency market started off the new year with bears having the final say. The NFT marketplace has been on a bull run and it does not seem to be slowing down anytime soon.

– Nairametrics

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