Tag: Dune Analytics
OpenSea NFT Market Hits Record $3.5B In Monthly ETH Volume
NFT Platform OpenSea Hits Record $3.5B in Monthly Ethereum Volume
LooksRare on Track to Overtake OpenSea in Market Share
A new non-fungible token (NFT) marketplace LooksRare launched with a bang last week, transacting over $1 billion in sales after debuting only on January 10. Total sales figures are now more than 40 percent of leading NFT platform OpenSea’s entire sales volume for the past week, according to DappRadar. Interestingly, the latest NFT platform LooksRare achieved such a large sales volume with only a fraction of the users of OpenSea. For instance, on January 13, LooksRare’s sales volumes were more than five times higher than OpenSea, yet it did so with less than 3,000 users, compared to OpenSea’s 70,000. The platform’s incentive structure reveals how this has been possible. As part of the launch, LooksRare offered a free airdrop of LOOKS tokens to OpenSea users who transacted at least 3 ETH worth about $9,630 on the marketplace between June 16 and December 16, 2021. This tactic is known as a ‘vampire attack’ when one platform uses incentives to lure their top customers. LooksRare is the second platform to have utilized this tactic against OpenSea, the first being Infinity in October last year. The latest NFT platform arrives at a time of OpenSea’s continual success, but also frustration across the NFT community. For instance, OpenSea has been facing technical issues lately, including a period of extended downtime which CEO Devin Finzer described as ‘unacceptable.’ He further assured that the NFT platform will ramp up the hiring of engineers and customer service employees. I know how impactful outages are to the creators and communities who rely on OpenSea, and this morning’s extended outage was unacceptable. Here’s what happened, and what we’re doing to improve – fast: https://t.co/zo2eCLEBrU — Devin Finzer (dfinzer.eth) (@dfinzer) January 10, 2022 Despite this, OpenSea is currently on track for its best month to date in Ethereum trading volume. Currently, the platform’s ETH trading volume sits at $2.27 billion already, only one-third of the way into the month. Meanwhile, the best month to date was August 2021 with nearly $3.43 billion in ETH trading volume. The NFT market overall surged to more than $22 billion worth of trading volume in 2021, according to data from DappRadar. OpenSea led the market share with more than $15 billion of trading volume in 2021, according to data from Dune Analytics.
The post LooksRare on Track to Overtake OpenSea in Market Share appeared first on Cryptoknowmics-Crypto News and Media Platform.
Here’s how newbie NFT marketplace LooksRare overtook the OG OpenSea
January Proves Turbulent For Investors But NFT And GameFi Seems To Be Eating Good
OpenSea Rival Surges 55% in Just Four Days, Shattering $500,000,000 Market Cap
A new entrant into the non-fungible token (NFT) marketplace sector has seen its price and market cap explode this week. The OpenSea rival LooksRare launched on January 10th, and the project’s native asset LOOKS has already surged in price by nearly 55%. The token, which was listed by the exchange OKEx on Wednesday, is currently […]
The post OpenSea Rival Surges 55% in Just Four Days, Shattering $500,000,000 Market Cap appeared first on The Daily Hodl.
OpenSea Now Boasts Over 1 Million Active User Wallets On The Platform
OpenDAO Airdrops SOS on OpenSea Community
2021 was a great year for NFTs. It was one of the most talked-about topics in crypto that seeped into mainstream society and netted mentions in general entertainment programs such as SNL and Jimmy Fallon. In the NFT space, what catches the most number of eyeballs is usually the launch of a new NFT art […]
The post OpenDAO Airdrops SOS on OpenSea Community appeared first on Coin Bureau.
Almost Two Million Polygon NFTs Sold On OpenSea In December
The number of NFT sales that utilise Polygon’s layer 2 solution has steadily increased, stopping just a tad short of two million in December 2021. OpenSea enabled gasless NFT trading in 2021 The popular NFT marketplace OpenSea was integrated with Polygon in June 2021. This made it possible to mint and trade non-fungible tokens at […]
The post Almost Two Million Polygon NFTs Sold On OpenSea In December appeared first on CryptoCoin.News.
This NFT Collection Topped $1 Billion in Sales
January 5, 2022 / Unchained Daily / Laura Shin Daily Bits ✍️✍️✍️ The Yearn Finance community passed a proposal to tweak its[...]
The post This NFT Collection Topped $1 Billion in Sales appeared first on Unchained Podcast.