By Jamie Redman
Non-fungible token (NFT) sales have skyrocketed during the last 12 months and these digital images, worth millions of dollars, are swapped every day. According to statistics, the largest NFT marketplace is Opensea and a lot of NFTs are bought and sold on the platform.
Dune Analytics data indicates that as of Sunday, August 22, 2021, there are more than 245K unique Ethereum addresses that have leveraged Opensea at least once. The same Opensea dashboard data indicates that as of August 1, 2021, 965,477 NFTs were sold. Dappradar metrics show in 30 days, there were 149,907 traders using the Opensea market.
Last month’s data in terms of NFT trade volume shows that Opensea broke a record by capturing more than $1 billion in 30-day trade volume. In fact, at the time of writing, dappradar.com data shows that Opensea saw approximately $1.564 billion in 30-day volume.
Opensea’s competitors, in terms of 30-day trade volume, include Axie Infinity ($870M), Cryptopunks ($340M), NBA Top Shot ($23.56M), Rarible ($18.68M), and Sorare ($17.54M). While all-time metrics show that Opensea has processed $2.423 billion in trade volume, Axie Infinity recently crossed the billion-dollar region.
Today, all-time statistics (ATS) indicate that Axie Infinity has seen $1.545 billion in NFT trade volume. Below Axie Infinity’s ATS are NFT projects like Cryptopunks ($742M), NBA Top Shot ($659M), and Rarible ($191M) respectively.
Opensea’s growth has been massive in 2021 and the creators of the marketplace recently raised $100 million in a Series B funding round. The funding has made it so Opensea is now a unicorn blockchain firm in terms of valuation.
Opensea, however, is not the only NFT marketplace raising millions as Makersplace recently raised $30 million, NFT market Rarible raised over $14 million, Enjin raised $20 million, Mintable raised $13 million in a Series A, and there’s a slew of other NFT market competitors on the horizon.