OpenSea is on track to set a new ATH in terms of monthly trading volume with already $2 billion worth of NFTs changing hands in January.
NFT marketplace giant OpenSea is recording impressive numbers a few days into 2022, with the platform’s trading volume already at a whopping $2 billion.from Dune Analytics showed that the leading marketplace’s average daily trading volume so far in 2022 is over $260 million. While the monthly volume recorded in January has already surpassed $2 billion, the figure is yet to cross the all-time high of over $3.5 billion reached back in August 2021.
Meanwhile, with the volume recorded just ten days into 2022, there is a possibility that January’s monthly volume could set a new ATH. The latest development comes shortly after OpenSeaThe fresh injection of capital brought OpenSea’s valuation to over $13 billion, an astronomical rise from $1.5 billion recorded in July 2021. According to the platform, the $300 million will be used to achieve targeted objectives, including investment in the NFT ecosystem and robust product development.
There continues to be an increasing demand for various NFT collections, one of them being the popular Bored Ape Yacht Club . As earlier reported byThe milestone was not entirely surprising, seeing as a number of celebrities bought various Bored Apes. NBA star Stephen Curry