According to the statistics of the blockchain data website dappradar.com yesterday, the monthly transaction volume of Opensea, the world's largest NFT market, has reached 1.564 billion US dollars. Opensea’s transaction volume has increased by 542% from the previous month, and according to historical statistics, the total transaction volume of the NFT market has exceeded 2.7 billion US dollars.
NFT is the abbreviation of None Fungible Token, that is, non-homogeneous tokens. In the past 12 months, the sales of NFT works around the world have soared. The daily transaction volume of NFT works represented by digital images has reached several million US dollars, and Opensea is the largest market for NFT transactions in the world.
Dune Analytics data shows that as of last Sunday, more than 245,000 single Ethereum wallet addresses worldwide have used Opensea at least once. Similarly, Opensea dashboard data shows that as of August 1 this year, the platform has sold 965,477 NFT works. The Dappradar indicator also proves that nearly 150,000 traders traded with Opensea within 30 days.
Last month's NFT transaction volume data shows that Opensea has broken historical records: 30-day transaction volume exceeded $1 billion. In fact, Dappradar.com's data yesterday showed that its 30-day trading volume reached 1.564 billion US dollars.
In terms of transaction quota, the most popular NFT is still the top chain game Axie Infinity. Historical Statistics (ATS) shows that Axie Infinity's NFT transaction volume reached $1.545 billion. The transaction volume of NFT ancestor project Cryptopunks reached 742 million U.S. dollars, while NBA Top Shot had 659 million U.S. dollars.
According to data from Dune Analytics, OpenSea’s transaction volume reached US$194 million on August 23, an increase of 55.2% from the previous day (US$125 million). OpenSea's transaction volume has exceeded 100 million US dollars for three consecutive days, and the transaction record is still being refreshed. For example, the floor price of Meebits, the third NFT project of Larva Labs, the team behind CryptoPunks, has risen from 2.7 ETH to 3.5 ETH today.
According to data from Cryptoslam, in the last 24 hours, the sales of Meebits increased by 471.08%, and the sales amounted to nearly 5 million US dollars.
The crazy NFT transaction volume has also made OpenSea one of the hottest applications on the Ethereum public chain. According to data from Ultrasound.money, since the implementation of EIP-1559, the number of ETH destroyed by the Ethereum network has exceeded 81,000, of which the number of ETH destroyed by OpenSea has officially exceeded 10,000, currently worth about 33 million U.S. dollars, and is currently the most destroyed Dapp .
The development of Opensea this year has been eye-catching. Recently, the company raised US$100 million in its B round of financing. However, many people in the industry believe that OpenSea should first solve its infringement problems before it can truly release the potential of its blockchain unicorn company. Last week, "Pepe the Frog" meme creator Matt Furie demanded that a frog-themed NFT project worth more than $4 million be removed from OpenSea because it violated its copyright.
