- The NFT Marketplace, OpenSea surpassed $1 billion in gross market volume.
- The co-founder and CEO of OpenSea, also tweeted about the platform daily transaction.
The largest NFT marketplace, OpenSea, surpassed $1 billion in gross market volume after a record few days.
A research analyst at Messari — the platform that provides the top research, news, metrics, and live data for crypto, first spotted the move.
Mason Nystrom who previously worked for ConsenSys tweeted Messari data about the first and largest NFT marketplace. The data shows that OpenSea surpassed over $1 billion in cumulative Non-Fungible Token volume.
OpenSea has officially surpassed $1 billion in gross market volume after a record few days.
More impressively @opensea facilitated $1 billion in volume in 2021 alone!
2018 – $473k
2019 – $8 million
2020 – $24 million
2021 (YTD) – $1.02 billion
Just absolutely insane growth. pic.twitter.com/loH0jw5cqr
— Mason Nystrom (@masonnystrom) August 2, 2021
Based on the data, the analyst said that OpenSea’s volume in 2021 alone is more than the volume in 2018, 2019, and 2020 combined. Because in 2018, OpenSea’s volume was $473k, in 2019, it increased to $8 million. And in 2020, it reached $24 million.
In addition, the data shows that non-fungible tokens seem to be bubbling again. The co-founder and CEO of OpenSea, Devin Finzer, also tweeted about the platform daily transaction. Finzer said that the platform processed over $95 million worth of transactions in two days.
More so, he estimates that OpenSea processed $21 million in volume for 2021. It appears that the marketplace is enjoying an increase in daily transaction value by more than 650 times since 2020.
According to DappRadar, OpenSea extends its lead over rival NFT marketplaces. SuperRare and Rarible currently serving daily volumes of $543,000 and $248,000, respectively.