OpenSea: Assessing the contribution of these NFTs towards the latest market surge

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OpenSea recorded almost double in sales volume over other top NFT marketplaces in the last seven days according to the latest Nansen report. The leading NFT marketplace, OpenSea’s trading volume within the aforementioned period was cumulatively $52 million. As compared to marketplaces, such as MagicEden, LooksRare, and X2Y2, it was without-a-doubt hands-down domination. 1/ What […]

Based on the NFT data, BAYC recorded $7.81 million within the period. These 84 transactions took place among 53 buyers and 67 sellers. The record was a 29.90% increase up until the time of this writing. However, BAYC was not the only collection that had a significant uptick.

Mostly, ETH NFTs had a superb performance. Sorare ranked second with a $5.83 million sales volume. Additionally, there was more interest in the Sorare collection than others. This meant that the it contributed more to the OpenSea performance than the top-ranked collection. This was because Sorare had over 89,000 transactions and over 18,000 buyers.. According to CryptoSlam, the “set inside the skyscraper” collection performance over the last seven days was a whopping 1,343,724.39% increase.

Despite the monumental rise, YuGiYN was only able to garner the #8 spot across the whole NFT ecosystem. Although the push down might be due to the declining activity of the collections’ traders.While the seven-day increase was impressive, it was not the same case with the performance in the last 24 hours. CryptoSlam showed that NFT transactions on the Ethereum chain declined 15.66%. As a result, the wider NFT market indicated a negative sentiment.

 

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