OpenSea starts the year on a high note as NFT trading volume surges By BTC Peers
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.
Opensea recorded a record-breaking January 2nd trading volume at 240,000,000 U.S. Dollars. In December, the trading volume surpassed US$3Billion. The main reason is the popularity of BAYC & MAYC again.
— Wu Blockchain (@WuBlockchain) January 3, 2022
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.
BREAKING! @DaveChappelle purchased @BoredApeYC#8343 for 99 Ethereum ($371,343.06).
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for loss or damages resulting from reliance on data including charts, buy/sell signals, and quotes. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.