• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

In just two days, the OpenSea NFT exchange reached a trading volume of 95 million bucks, five occasions increased than that of the complete 12 months 2020

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The volume of trading on OpenSea’s blockchain trading platform has improved as CryptoPunks’ NFTs have been trading at an unprecedented charge.

In just 2 days, the OpenSea NFT exchange reached a trading volume of 95 million dollars, 5 times higher than that of the full year 2020
In just two days, the OpenSea NFT exchange reached a trading volume of 95 million bucks, five occasions increased than that of the complete 12 months 2020

OpenSea, a well known market place for NFT companies, recorded about $ 95 million in trading volume in excess of the weekend, practically 5 occasions a lot more than in 2020.

Related articles

Higher Education Chatbots: Your Ultimate Guide to Enhanced Student and Faculty Services

April 4, 2024
Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023

The CryptoPunk Explosion

“In 2020, OpenSea has a total transaction volume of approximately $ 21 million. In the last two days, we have hit $ 95 million. NFT’s growth curve is insane, ”OpenSea CEO Devin Finzer bragged on his individual Twitter final August.

In 2020, OpenSea produced somewhere around $ 21 million in complete transaction volume.

In the previous two days, we have produced $ 95 million.

The development curve for NFTs is insane.

– Devin Finzer (dfinzer.eth) (@dfinzer) 2 August 2021

While these are incredibly extraordinary numbers, this new record hardly comes as a shock to a cryptocurrency firm that went unicorn following raising an supplemental $ a hundred million via a Series B funding round just a couple of weeks in the past.

This good results has place OpenSea on the exact same web page as huge names like SpaceX, Stripe, Revolut, and other mainstream businesses.

OpenSea’s substantial trading volume comes amid a booming NFT market place.

July was a crazy month for #NFT.🔥@offshore it accomplished product sales of $ 325 million and offered 458k NFTs, each of which double the past ATH. Bullish

(Charts through @ richardchen39) pic.twitter.com/0QZP0mgpgz

– Rusty Bill (@Rusty_Bill) 1 August 2021

These one of a kind tokens, which act as proprietary digital certificates, are turning into more and more well known with collectors, several of whom are inclined to spend hundreds of thousands of bucks.

Notably, OpenSea’s hottest record in transaction volume was recorded by CryptoPunks, 1 of the 1st collections of pixel avatars in NFT format, which improved by a lot more than 50% amongst enormous purchases. Three Arrows Capital, a substantial investment fund, is explained to be behind this selling price hit.

It seems that Three Arrows Capital is the whale behind cryptopunk 88 and twelve market place purchases.
Now they have a hundred cryptopunks following having to pay @Mining_DAO five ETH to execute each and every set of transactions in a single block so that they are not frontrun. @ kyled116 @zhusu congratulations, it really is substantial. pic.twitter.com/UdncgwbpB5

– Michael Tant (@ MichaelTantthree) July 31, 2021

According to OpenSea rankings, CryptoPunks has been the hottest item on the platform in excess of the previous week.

The complete trading volume of these NFTs on the platform has been all over 49,200 Ethereum (all over $ 128 million at existing costs) in excess of the previous 7 days.

Other NFT tasks have followed suit, with Art Blocks Curated also reaching all over $ 35 million in trading volume on OpenSea final week. Followed by Bored Ape Yacht Club ($ sixteen.six million), Art Blocks Playground ($ eleven.five million) and The Vogu Collective ($ 9.six million).

List of the most expensive NFTs in history
List of the most highly-priced NFTs in background

NFT millionaires

OpenSea is not the only beneficiary of the NFT craze.

The frenzied boom of the NFT wave has produced some customers really, really wealthy, in accordance to new NFT rankings launched by blockchain analytics company Nansen final week.

The information demonstrates that a key NFT collector named Pranksy is at present the highest earning in the discipline with one,573 Ethereum ($ three.64 million) in earnings to date. In complete, this particular person invested about $ four.three million on a lot more than 9,300 NFTs from 86 distinctive collections and later on offered two,350 for a complete of $ seven.94 million.

Only time will inform if this trend continues. For now, nonetheless, the niche presents a lot of enjoyment in Bitcoin’s continuing summertime crash.

In the report on the cryptocurrency market place in Vietnam carried out by Kyros Ventures, a lot more than half of the respondents explained they have been nevertheless puzzled about regardless of whether or not to invest in NFT. This group explained that most of them nevertheless do not recognize the worth of the NFT and are nevertheless in the procedure of deliberation.

kyros-report-nft-3

This partly demonstrates that the NFT market place is nevertheless in its infancy and can absolutely get significant inflows of income if NFT has several items that are closer to most crypto traders. . A new piece of land will normally have a lot of possibilities for traders.

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: daysdollarsExchangefullHighermillionNFTOpenSeareachedtimestradingVolumeyear
Share76Tweet48

Related Posts

Coinbase Acknowledges TaskUs Data Breach Four Months Later

by shark
June 3, 2025
0

Coinbase discloses a data breach involving TaskUs employees in India, impacting financial markets and raising security concerns.

Bitcoin Faces Volatility After 8% Correction and Leverage Flush

by shark
June 3, 2025
0

Bitcoin correction triggers market volatility. Key figures and global factors influence derivatives and risk assets.

Classover Raises $500M for Solana-Centric Treasury Strategy

by shark
June 3, 2025
0

Classover Holdings signs a funding agreement with Solana, highlighting a major move in integrating blockchain finance into corporate strategies.

Aptos Labs CEO to Testify on Digital Assets

by shark
June 3, 2025
0

Aptos Labs CEO Avery Ching to testify at U.S. House hearing on digital assets, signaling significant regulatory insight.

Ethereum Foundation Restructures for Enhanced Network Scaling

by shark
June 3, 2025
0

Ethereum Foundation reorganizes to prioritize scaling, blobs, and UX enhancements amid market shifts.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Powell’s Inflation Comments Stir Uncertainty—Yet Qubetics, Algorand, and Filecoin Remain the Top Coins to Join Today
  • Coinbase Acknowledges TaskUs Data Breach Four Months Later
  • Arctic Pablo, Artificial Liquid Intelligence, and Shiba Inu Updates: Top Meme Coins to Invest in This Week
  • Bitcoin Faces Volatility After 8% Correction and Leverage Flush
  • Classover Raises $500M for Solana-Centric Treasury Strategy
  • Aptos Labs CEO to Testify on Digital Assets
  • Ethereum Foundation Restructures for Enhanced Network Scaling
  • Sberbank Introduces Bitcoin Bonds Amid Regulatory Shift
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7