NFT marketplace OpenSea has seen strong trading volumes so far this month. A frenzy that puts it on track to set a new monthly record.
NFT marketplace OpenSea has seen very strong trading volumes so far this month. A frenzy that, at this pace, puts it on track to set a new monthly record., NFT trading on OpenSea in January has already exceeded $1.36 billion — just 10 days in. By comparison, the platform’s highest-ever monthly volume, recorded in August 2021 was $3.16 billion.
If the first 10 days of January are any indication, then OpenSea could be set for a new all-time high in terms of its monthly trading volume, not long after it raisedafter four months of falling activity — a trend that has continued into the new year. This was helped by the rise in demand for certain NFT collections, such as Bored Ape Yacht Club. This activity seems to have carried over, withOther collections have seen big sales too, with MoonPay acquiring aWhile some NFTs are seeing price rises, this cannot be said for the rest of the crypto market. The bulk of the crypto market has suffered double-digit losses since the start of the year.
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