According to the data NFT sales platform Opensea has managed to exceed the $20 billion threshold as a total sales volume of all time. 1.2 million traders have traded on the platform, which is the world’s largest NFT market, since 2017.
NFT Platform Opensea Crosses A New Milestone: 1.2 Million Traders, $20 Billion Sales Volume
According to the data provided by Dappradar, the NFT market Opensea has managed to surpass the $20 billion threshold in total sales volume. Opensea was founded five years ago by entrepreneurs Devin Finzer and Alex Atallah.
On the platform, users can sell their NFTs at a certain price, and they can also use the auction method. When the platform was first established, it was only known as Blockchain. Ethereum recently rolled out from layer-2 solutions polygon network has also joined the supported Blockchains.
Dune Analytics data shows that Opensea’s transaction count and dollar volume have increased in the last 30 days. Meanwhile, Dappradar indicators recorded a 35.17% increase in 30-day sales volume.
Although Opensea is currently the leader in the NFT market, Looksrare platform, which has just entered the market, seems to be a trouble for Opensea. Although the total volume of the Looksrare platform has been announced as 14.68 billion dollars so far, this value is considered to be controversial.
Before the $20 billion volume threshold was exceeded, Opensea acquired Dharma Labs and managed to raise $300 million in its investment round in January. The company’s value is thought to be around $13.3 billion.