Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
OpenSea, the leading NFT marketplace, has experienced a notable decline in trading volume and liquidity over the past year. At its peak, the platform recorded daily trading volumes of $1.5 billion, but this figure has dwindled to just a few million. Recently, however, there are signs of recovery, with trading volumes surpassing $100 million following speculation about the introduction of a new token. Industry observers express optimism about OpenSea's future, anticipating a potential comeback as interest in NFTs resurfaces.
Trading on Opensea is the most fun I’ve ever had in crypto. Many feel the same. Feels like they’re queued up for a huge comeback https://t.co/GCLGhO1yHm
Opensea was doing $1.5 BILLION in volume in a day at their peak… and down to only a few million during the last year… back over $100 mil after they hinted at a token
OpenSea volume finally looks like it's waking up a little bit after seven months of being almost nonexistent. Here's how the next six months will look: - Speculation of a token leads to increased volume, which leads to increased prices on NFTs, which leads to increased volume… https://t.co/vMG2tIR72u