NFT marketplace OpenSea’s trade volumes have jumped since the start of the month

Aug 15, 2021 | The Block News | 0 comments

nft-marketplace-opensea’s-trade-volumes-have-jumped-since-the-start-of-the-month

Trading volumes on the a16z-backed NFT marketplace OpenSea have surged since the start of August.

The exchange has seen nearly $800 million in volume since the beginning of the month, according to data collected by The Block Research and shown in the chart below. In July, the marketplace saw $284.2 million in July volumes and $125.2 million during June.

Data published by DappRadar shows the extent of OpenSea’s growth in recent days. According to the site, OpenSea saw roughly $10.8 million in trade volume and ~20,000 transactions. 

By comparison, the marketplace posted $75 million in volume with nearly 80,000 transactions. Per DappRadar, OpenSea has done $1.17 billion (or 369,300 ETH) in volume in the past 30 days. 

Last month, OpenSea raised a $100 million funding round led by a16z, valuing the firm at $1.5 billion. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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