Despite the chaos in the overall crypto market, the NFT sector appears to be marching strong. The OG NFT marketplace, for one, has fetched a new record.
The popular NFT auction marketplace, OpenSea, has surpassed the $3.5 billion mark in monthly Ethereum trading volume.on January 17, OpenSea has already clocked in $3.52 billion in terms of monthly Ethereum trading volume, even with two more weeks to go until the conclusion of this month. The platform’s daily trading volume has oscillated between $169-$261 million throughout January.
With the latest milestone, it surged past the previous all-time high of $3.42 billion in August 2021. During the same month, OpenSea’s monthly fees on Ethereum also touched a new high of $236 million. Notably, OpenSea’s monthly trading volume figures on Etheruem went downhill over the next few months, eventually falling to $2.37 billion in November. However, the subsequent month saw a substantial recovery with $3.24 billion in sales.
Meanwhile, the new ATH demonstrates renewed optimism and growth in OpenSea after a blockbuster 2021. As a result, it is now hauling in over $207 million in fees this month and may soon catch up with the aforestated high reached five months ago.Over the past couple of months, OpenSea has emerged as an already established brand with a significant level of popularity.
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