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5 NFT marketplaces that could topple OpenSea in 2022 -Breaking

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OpenSea was the leading decentralized platform that users used to buy, trade and sell non-fungible tokens. OpenSea serves more of an NFT gallery than it does as a platform. VerifiedAccording to Dune Analytics data, December 2021 saw a volume of $3.25 Billion. From December 2020 through December 2021, that volume increased by an astounding 90,968%.

OpenSea is no stranger to controversy and criticism. There are plenty of perils, pitfalls and dangers.. Most notably, its former head of product, Nate Chastain, was found using insider information to front-run and profit from selling the platform’s front page NFTs.

OpenSea has monthly active traders. Source: Dune Analytics
Volume of monthly sales (primary and secondary). Source: Dune Analytics
OpenSea on-chain data. Source: DappRadar
Magic Eden on-chain data. Source: DappRadar