The trading volume of NFT tokens on the “OpenSea” platform reaches an all-time high
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Answer The trading volume of NFT tokens on the “OpenSea” platform reaches an all-time high
It’s been less than a week since the start of the new year, but traders on the openSea token trading platform have already started setting new records.
OpenSea starts the year off strong:
According for data Published, the trading volume of the “OpenSea” platform has increased significantly since the first day of the year.
Over the past three days, the platform has recorded over $700 million in sales.
This number puts it in an unprecedented turnover.
Figures and data indicate that this surge in trading may not be related to the renewed speculative frenzy surrounding the “Bored Ape Yacht Club (BAYC)” and “Mutant Ape Yacht Club (MAYC)” tokens.Read:Grayscale now has $10 billion worth of Ethereum under its management
January 3rd was a historic day for the “OpenSea” platform as it was the most traded day.
The company recorded a huge volume of trades, worth $255.8 million, in 24 hours, according to the Dune Analytics platform.
Interestingly, there are indications that this could be an all-time high for the platform in 24 hours.
In December, OpenSea’s monthly trading volume exceeded $3.24 billion and was just 5.3% down from the platform’s highest figure in August of $3.42 billion.
Lots of frenzy surrounding NFT:
While there could be many factors driving OpenSea’s continued rise in trading volumes, it’s impossible to ignore the recent frenzy surrounding “BAYC” and “MAYC,” among other projects designed by NFT notable Yuga.
Of course, this NFT was mentioned only because of the prominent position occupied by these projects of great demand and huge sales.
For example, MAYC tokens took first place in the rankings of all NFT projects when viewed in terms of weekly trading volume in secondary markets at $93.2 million, according to data from CryptoSlam.Read:Tanzania prepares to launch its central bank digital currency CBDC
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