{"id":314675,"date":"2021-08-03T06:51:36","date_gmt":"2021-08-03T03:51:36","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/openseas-daily-volume-is-exceeding-its-2020-total\/"},"modified":"2021-08-03T06:51:36","modified_gmt":"2021-08-03T03:51:36","slug":"openseas-daily-volume-is-exceeding-its-2020-total","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/openseas-daily-volume-is-exceeding-its-2020-total\/","title":{"rendered":"# OpenSea\u2019s daily volume is exceeding its 2020 total"},"content":{"rendered":"<p>&#8220;<strong># OpenSea\u2019s daily volume is exceeding its 2020 total <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvYzU4NWQxZDMtYjZlZS00ZTI3LWEzYzQtYmJjNDc5MDJmMmI2LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>\n<p>Leading nonfungible token (NFT) marketplace OpenSea is now processing more transactions daily than it did during the entirety of 2020. <\/p>\n<p>On Monday, Devin Finzer, co-founder and CEO of OpenSea, tweeted that the platform had processed $95 million worth of transactions in two days. <\/p>\n<p>Finzer estimates that OpenSea processed $21 million in volume for the entirety of 2021, as the marketplace <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to have enjoyed an increase in daily transaction value by more than 650 times since 2020.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">In 2020, OpenSea did about $21M in total transaction volume.<\/p>\n<p>In the last two days, we did $95M.<\/p>\n<p>The growth curve for NFTs is insane.<\/p>\n<p>\u2014 Devin Finzer (dfinzer.eth) (@dfinzer) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/dfinzer\/status\/1422016457290956800?ref_src=twsrc%5Etfw\">August 2, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>DappRadar data shows that OpenSea is extending its lead over rival NFT marketplaces, with SuperRare and Rarible currently representing daily volumes of $543,000 and $248,000, respectively. <\/p>\n<p>While Rarible outperformed OpenSea in 2020, with the platform <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/rarible.medium.com\/rarible-2020-a-year-in-review-e980e54f28a5#:~:text=%248%2C5%20million%20in%20monthly%20sales%20volume\">hosting<\/a> more than $24 million worth of volume last year, OpenSea now represents 150 times the amount of Rarible\u2019s volume. Despite sliding down the leaderboard, Rarible\u2019s daily volume has nearly quadrupled since 2020.<\/p>\n<p>According to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/duneanalytics.com\/rchen8\/superrare_4\">data<\/a> from Dune Analytics, SupeRare processed around $6 million in transactions last year, equating to roughly $16,400 daily on average. As such, SupeRare\u2019s volume has increased by more than 33 times since 2020.<\/p>\n<p>The NFT sector saw meteoric growth at the beginning of this year before topping out in May, with Cointelegraph reporting in early June that total NFT sales had already declined by 90% from the market peak. <\/p>\n<p>Despite the market tapering off in June, NFT sales still topped $2.5 billion in the first half of 2021.<\/p>\n<p>According to data from DappRadar, OpenSea is currently <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/nft\/marketplaces\">leading<\/a> the NFT sector by volume, followed by popular decentralized applications Axie Infinity and CryptoPunks.\u00a0The surging play-to-earn <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a>, Axie, represents $27.12 million worth of daily transaction volume, while more than $5.5 million worth of CryptoPunks has changed hands in the last 24 hours.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>NFTs can be a good pathway to draw women into crypto, says Lavinia Osbourne<\/em><\/strong><\/p>\n<p>OpenSea recently attained unicorn status after closing a $100-million <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> B funding round at a $1.5-billion valuation on July 20. <\/p>\n<p>As part of the funding round, the platform announced plans to launch a \u201cgas-free\u201d marketplace on Polygon in addition to a deployment on Dapper Lab\u2019s NFT-focussed Flow blockchain.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/opensea-s-daily-volume-is-exceeding-its-2020-total\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# OpenSea\u2019s daily volume is exceeding its 2020 total &#8221; Leading nonfungible token (NFT) marketplace OpenSea is now processing more transactions daily than it did during the entirety of 2020. On Monday, Devin Finzer, co-founder and CEO of OpenSea, tweeted that the platform had processed $95 million worth of transactions in two days. Finzer estimates&#8230;<\/p>\n","protected":false},"author":1,"featured_media":314676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDgvYzU4NWQxZDMtYjZlZS00ZTI3LWEzYzQtYmJjNDc5MDJmMmI2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[95118,117,86389],"class_list":["post-314675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-nft","tag-business","tag-marketplace"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/314675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=314675"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/314675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/314676"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=314675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=314675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=314675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}