Blockchain

In the NFT boom, OpenSea transaction volume has soared by 76,240% year-to-date

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Transaction volume on the peer-to-peer non-fungible token (NFT) market Outside sea In 2021, it has increased by more than 12,000%.

Dapp radar data show The total revenue of OpenSea smart contracts increased from USD 73,556 on January 1 to USD 56.07 million on August 11. At the same time, the number of market users increased from 315 to 14,520 during the same period, an increase of 4,423%.

OpenSea historical events. Source: DappRadar

The main part of the surge in OpenSea transaction volume appeared after June. Earlier this month, the funds to enter the market for smart contracts were only 3.6 million U.S. dollars. But by August 8, it had soared to over US$71.238 million.

In addition, on the average of the first 30 days alone, OpenSea processed 1.18 million transactions, valued at US$1.06 billion. According to Messari, as of August 2, the cumulative trading volume of the market year-to-date was $1.02 billion.

NFT boom

Earlier this year, in the surprising boom in the NFT field, OpenSea’s cheerful performance surfaced.

Investors bought millions of dollars worth of unique digital collections, whether it’s photos, emojis, music albums, basketball highlights, collages, tweets, videos, and more. In March, Mike Winkelmann, famous for his professional incarnation Beeple, Sold NFT for $70 million, A series of digital collectible sales began in markets such as OpenSea and Rarible.

In some cases, the asking price of a blockchain-based NFT Paintings representing Picasso and Monet Match the price of physical artwork. Recently, CryptoPunks has attracted the most investment in the NFT field, achieving nearly $207 million in sales in just one week.

Axie Infinity, a blockchain-based gaming platform, can realize the sale, purchase and reproduction of digital pets (again, NFT), Witnessed a record 6,500% revenue growth By the end of July. And Stoner Cats is an animated show about cats who smoke marijuana. Sell ​​its NFT collection Approximately 9 million U.S. dollars.

Sales are rising, but an active wallet is important

The research platform Dune Analytics pointed out that the total sales of NFTs increased from US$13.7 million in the first half of 2020 to US$2.5 billion in the first half of 2021.

Open sea The average daily fee income in 2021 is $4.2 million, Which is about 7% higher than Uniswap, a decentralized trading service. In June, it announced a record $150 million in crypto collectible sales.

OpenSea NFT sales in recent months.Source: OpenSea, CryptoArt, Dune Analysis

Data from NunFungible.com shows that the first and second quarters of 2021 witnessed the NFT boom, with approximately 60,000 new wallets interacting with NFT.

Data tracking service famous In May and June alone, more than 45,000 new wallets participated in the crypto collection service. It added that despite the decline in sales in April and early May, the number of active NFT wallets increased from 3,107 (January to February 2021) to 6,418 (March to April 2021).

related: Is NFT used for money laundering?Yes, they are, Mr. Whale claims

“This shows that a large number of new users are interested in NFT at the beginning of the hype in 2021, and then remain active in the next few months,” the NonFungible report wrote, adding:

“It is of course always interesting to observe the dollar indicator, but a deeper observation of the number of active wallets, especially the number of new wallets, can give a more accurate indication of the state of the NFT market.”

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