The popularity of OpenSea’s popular marketplace has seen trading volumes for nonfungible tokens (NFTs), increase in January due to renewed speculation on Yuga Labs “Bored Ape Yacht Club (BAYC), and “Mutant Ape Yacht Club (MAYC), projects (MAYC). According to Rchen8 data from Dune Analytics OpenSea generated over $700,000,000 in trade volume since 2022. Monday, January 3rd, saw a staggering $255.8M in 24 hour activity.

Wu Blockchain and other observers claim that Monday’s volume was an all-time record for OpenSea. However, Rchen8 data on Dune Analytics earlier shows that $322 million was the highest ever (ATH) for this token on August 29th. OpenSea’s December 2021 monthly volume was $3.24Billion, which is 5.3% below the august 2021 record of $3.42Billion. The record-breaking trading volume of $700 million on NFT Marketplace in January’s first four days could soon be broken if this pace continues.

OpenSea freezes $2.2M worth of stolen Bored Apes after NFT Theft

CryptoSlam reports that the MAYC NFTs are currently the most valuable in terms of volume per day on secondary markets. They have $93.2 million and $88.4 millions respectively. The MAYC and BAYC NFT projects also earned $189.7 and $182.6 millions in the past 30 days respectively. They are the third and fourth highest-valued NFT collections, at the time.

In the past 24 hours, the MAYC generated $18.7million in secondary volume while the BAYC produced $14 million. OpenSea reports that the floor price of BAYC NFTs currently stands at 67 Ether (ETH), which is $250,000. Mayc NFTs, on the other hand, are selling at 15.87 Ether, or $59,000. Eminem and Dave Chappelle are two of the pop-culture stars who have reported having purchased BAYC NFTs this month for six figures.

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