OpenSea is the world’s largest NFT marketplace and has broken its monthly transaction volume record. Although there are 12 days remaining until the end of their monthly volume, it currently stands at $3.88 billion. OpenSea NFT trading volume is rising in the second quarter of 2022, with April volume hitting $3.2 billion, according to Business2Community. This is an almost 30% increase on March. OpenSea previously broke the daily volume record by reaching $261 million on January 9th. This month, OpenSea has 30,000 more monthly dealers than the previous month. The overall growth in OpenSea dealers since July 2021 has not been affected.
However, the transaction volume has decreased significantly due to the number of NFTs that have been sold. This means that some NFTs’ prices have increased significantly in the past few months. However, it is worth asking what happens to other NFTs. Do they own HODLing, or are they? Collecting? Are you able to collect these parts?
OpenSea’s monthly increase can be correlated to the success of other NFT projects. These included Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Doodles as well as CryptoPunks, PhantaBear, PhantaBear, Doodles, CryptoPunks and PhantaBear.
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