OpenSea trading volume set for record month despite crypto market retreat

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The market may be down, but NFTs are up. OpenSea is set to break its record for trading volume as it is on pace to exceed $6 billion by the end of the month.

shows the “Doodles” collection as the leader in sales across all NFT marketplaces, with nearly $56 million in sales over the past seven days. It currently ranks third in trading volume on OpenSea.

Other key factors contributing to the record pace for OpenSea, according to Dune Analytics, include the number of active users, which at 260,369 is rapidly approaching the all-time high of 362,679 tallied last month. OpenSea has shown that there is still a tremendous amount of room to fill for NFT marketplaces, as trading volumes have remained high for over six months straight and surpassed $4 billion globally over the past 30 days. In light of that, alternative marketplaces such as the new

 

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