Opensea Transaction Volume Continues to Decline

The trading volume of Opensea, one of the largest NFT platforms, continues to decline with the decline of cryptocurrencies.

According to data from data and analytics platform DappRadar, Opensea’s latest transaction 57% over a 30-day period experiencing a decline 464 million became dollars. 20 June in its history, in the daily period for a long time 10 million Only in Opensea, where transactions are not made under $ $3.5 million operation is done.

Nearly all NFT marketplace platforms volume 70% of It is thought that Opensea, which creates the company, has experienced a decline due to sales made over crypto money. Number of users in the last 30 days 5%the number of transactions 65% increase However, the decrease in the volume of the platform confirms this situation.

According to Dune Analytics data, Polygon (MATIC) transactions made through Opensea also experienced a big decrease in monthly transaction volume. In January 2022, in total $76 million this month only 6 million dollars transaction has been performed.

The decline in large collections also affects Opensea. last month Bored Ape Yacht Club, the most popular NFT collection, compared to the previous month. had experienced a 60% drop in sales value.

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