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OpenSea starts the year on a high note as NFT trading volume surges By BTC Peers


OpenSea kicks off the new year in a positive note, as NFT volume rises.

OpenSea, the leading NFT platform and marketplace OpenSea continues to build on its position as the biggest digital collection site. Only a few short days into 2022, the platform already has more than $700 million in sales. This puts it on pace to set yet another record month.

Thanks to a renewed frenzy for Yuga Labs’ Bore Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) NFTs, OpenSea is closing in on the $1 billion mark. According to data posted by “rchen8” on Dune Analytics, January 3 has so far been the biggest day of the year for the NFT marketplace, having seen a whopping 24-hour volume of $255.8 million.

Although some prominent figures in the crypto space such as Wu Blockchain have stated that the January 3 volume is a record high for OpenSea, previous data from rchen8 suggests that the platform’s best day was on August 29 when it saw an all-time high of $322 million.

Bored Apes are the new CryptoPunksYuga’s BAYC and MAYC NFTs have begun the year of a very high note. The data shows that MAYC, with $93.2 million in sales, is the most successful NFT project. With $88.4million in weekly volume, BAYC NFTs follow closely. The CryptoPunks collection, which is highly sought-after, currently ranks 5th with $30.6 million in weekly volume.

OpenSea reports that the current lowest price BAYC NFT is 67ETH, or $250,000. MAYC NFTs, on the other hand, have a floor of $59,000.

The rally for MAYC NFTs (BAYC) can be attributed to pop-culture celebrities like Eminem and comedian Dave Chappelle.

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