As we near the end of the year, NFTs will continue to be very popular. According to the reports, NFT metrics in 2021’s third quarter broke records, surpassing those recorded in Q1 and Q2. Now, Opensea, the leading NFT marketplace, has exceeded $10 billion in NFT sales.
In terms of the all-time settlement, Opensea is the largest NFT market, and Axie Infinity is the second largest. Axie Infinity has generated $2.99 billion in sales over the years and recently launched an NFT marketplace. Opensea’s all-time sales of Axie Infinity is 29.90%, and the Ethereum-based NFT game has seen 1,031,704 traders.
Opensea’s $10 billion in sales followed its $100 million capital raising at the end of July. Andreessen Horowitz led the Series B round, which included investors like Kevin Durant, Ashton Kutcher, and Tobi Lutke. Also as a result of the capital raise, Opensea has entered the unicorn company category.
After the funding, however, Opensea’s management fired an employee after the crypto community accused him of insider trading. Opensea launched its smartphone application four days later so users could access the NFT market using their mobile phones.
Opensea’s Ethereum network is supported by the NFT marketplace, as well as Polygon. Since August, Opensea volume on Ethereum has been declining month over month. In August, Polygon-based Opensea transactions reached an all-time high, but the last two months have been steady. According to Dune Analytics statistics, September has the highest number of active traders using Polygon-based Opensea transactions.
Opensea has been settled for $10.25 billion, but the average price per NFT over its lifetime is $872, according to dappradar.com metrics. As of the time of writing, according to Dune Analytics, Opensea’s top 500 traders trade Art Blocks the most, followed by Bored Ape Yacht Club (BAYC). Art Blocks and BAYC are followed by Cool Cats, Bored Ape Kennel Club (BAKC), and Cryptotoadz.