OpenSea, a non-fungible token (NFT) marketplace platform, has continued to amaze in the new year, with increased usage and trade metrics. The number of active users on the site has reached a new high for the NFT behemoth.
On Thursday, January 13, 2022, data from Dune Analytics. It reveals that OpenSea surpasses one million active user wallets on the platform.
The achievement is the latest sign of OpenSea’s sustained progress in the early days of 2022. That’s, following a year of unprecedented expansion.
Thursday’s news comes on the heels of claims that the platform has witnessed over $2 billion in trading volume since the start of 2022. Then, and is on track to set a new monthly trading volume high.
Devin Finzer, the company’s co-founder, stated earlier in January 2022 that OpenSea had raised $300 million in a Series C fundraising round.
This increased OpenSea’s market capitalization to $13.3 billion, a significant increase from $1.5 billion in July 2021.
The kind of NFT-related activity that has marked the early days of the year. That’s, with popular collections like CryptoPunks and Bored Ape Yacht Club continuing to draw tremendous interest. It is consistent with OpenSea’s barnstorming start to 2022.
While OpenSea’s dominance remains unrivaled, upstarts such as LooksRare may pose a threat to the platform. The latter recently established its marketplace and offered users an airdrop.
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