NFT Market Looksrare tops Opensea’s 24-hour sales with $385 million


A new market for non-fungible tokens (NFTs) called Looksrare surpassed Opensea in daily trading volume on Wednesday. Statistics show that 3,264 Looksrare traders made $385.39 million in sales on the last day, as the market’s daily volume increased by 1,461%.

Looksrare NFT marketplace ranks #1 in daily NFT trading volume

There is a new Ethereum-based NFT marketplace called looks rare On the last day, it has exceeded open sea Volume at 24 hours. Of course, Opensea is the largest NFT marketplace in terms of historical transaction volume, with total sales of $14.68 billion. Looksrare, the NFT marketplace, is new and has yet to handle billions of dollars in sales.

NFT Market Looksrare tops Opensea's 24-hour sales with $385 million
NFT market statistics from Dappradar.com and Dune Analytics were recorded on Wednesday, January 12, 2022 at 7:00AM EST.

However, 24-hour statistics show that Looksrare’s Daily and hourly volumes On January 12, 2022, it has surpassed Opensea’s sales. Looksrare’s sales of $385.39 million were among 3,241 traders, down from Opensea’s 59,500 traders on Wednesday. Opensea had 24-hour sales of $109.78 million as of Wednesday at 7:00AM (EST).

Although the market is new, the name has buzz on social media After the market beat Opensea’s daily trading volume. “A tragedy of complacency. Like Mexico in its heyday, Opensea may have succumbed to their inertia and felt comfortable with their established dominance,” the Twitter account said.Sakatweet.

NFT Market Looksrare tops Opensea's 24-hour sales with $385 million
Dune Analytics stats on 12/01/22. Looksrare’s volume started surging on Tuesday, and the trend continued into Wednesday’s trading session.

People also created graphs on Dune Analytics that highlighted the trading volume between the two NFT platforms. For example, a user creates a “Looksrare VS Opensea” A set of charts that analyze daily and hourly volume between two NFT markets. Other Dune Analytics users have create Visualize charts to analyze Looksrare’s sales.

One reason for Looksrare’s surge in popularity is that the project Airdrop LOOK tokens Anyone who has spent up to 3 ETH on Opensea.Although there are several airdropped tokens unofficial For Opensea users, the leading NFT marketplace does not have an official native token.

Dappradar.com’s NFT market data Represents Looksrare’s average sales of $108,000 per unit at the time of writing. Meanwhile, other top NFT markets today include Solana’s Magic Eden with $9.48 million in sales and Mobox with $1.29 million in sales. Looksrare saw the biggest increase in sales over a 24-hour period, while Mobox saw an 87.08% increase.

tags in this story

airdrop, daily trading volume, data, see token, looks rare, Magic Eden, market, Mobile phone box (MBOX), nft, non-fungible token, open sea, Solana

What do you think of NFT marketplace Looksrare? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is Head of News for Bitcoin.com News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.




Image Source: Shutterstock, Pixabay, Wiki Commons, Opensea, Looksrare,

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