Opensea, Axie Infinity Eclipse Competition as NFT Markets Saw over $356M in Monthly Value Transferred

OpenSea NFT Marketplace Trading Volume Hits Record High of 95M in 48 Hours
OpenSea NFT Marketplace Trading Volume Hits Record High of 95M in 48 Hours

Opensea, Axie Infinity Eclipse Competition as NFT Markets Saw over $356M in Monthly Value Transferred – At the time of writing, the most prominent non-fungible token project this week is Cryptopunks as statistics from nonfungible.com show the project has seen 1,018 sales worth over $166 million during the last week. Cryptopunks is followed by Art Blocks ($61M) and Meebits ($27M) and Superrare ($6.8M) respectively. Additionally, Cryptoarte ($3.5M), Hashmasks ($2.8M), and the Sandbox ($2M) have also contributed to the past week’s 67,538 NFT sales recorded on Saturday, August 7, 2021.

Seven day statistics from nonfungible
Seven-day statistics from nonfungible.com

According to NFT data stemming from Dune Analytics, the marketplace Opensea is the top NFT trading platform today. Opensea captures a massive 97% of the USD value transferred on a monthly basis between NFT markets like Foundation, Knownorigin, Makersplace, Opensea, Superrare, Rarible, and Asyncart.

Data shows the quantity of U.S. dollars transferred from these seven NFT marketplaces was around $356 million. When it comes to the average USD price per NFT on these marketplaces, Opensea and Superrare capture the highest values.

Foundation, Opensea, Rarible, Superrare Users Grow — Axie Infinity Nears Opensea’s $1.35B Volume

Opensea is also nearing close to 200K, as far as users over time are concerned. There are currently 196,906 registered users who have made at least one transaction using Opensea’s marketplace. Superrare’s count is smaller in comparison with only 3,417 registered collectors who have made a single transaction. While Foundation has around 7K, Rarible has over 60K users recorded over time.

NFT Markets Saw over 356M in Monthly Value Transferred
Metrics stemming from Dune Analytics, the marketplace Opensea is the top NFT trading platform today. Opensea captures a massive 97% of the USD value transferred on a monthly basis between seven NFT markets

Metrics stemming from Dune Analytics, the marketplace Opensea is the top NFT trading platform today. Opensea captures a massive 97% of the USD value transferred on a monthly basis between seven NFT markets.

Over the trailing 30 days, NFT sales have been through the roof, as monthly nonfungible.com stats show a grand total of $630 million over 55,815 active wallets. Stats further show 115,124 primary sales and just a hair under $100K in secondary sales over the last 30 days. Metrics from dappradar.com also show that Opensea is the top dog when it comes to all-time NFT volume. All-time volume shows $1.35 billion for Opensea, while Axie Infinity captured $1.086 billion in all-time volume.

NFT Markets Saw over 356M in Monthly Value Transferred2
All-time volume stats for the top 11 NFT projects today according to dappradar.com.

Axie Infinity is followed by Cryptopunks ($647.3M), NBA Top Shot ($638.6M), and Rarible ($182.58M) respectively. Sorare ($97.42M), Superrare ($87.42M), and Atomicmarket ($72.02M) hold the sixth, seventh, and eighth market positions.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Financial Watch. Every investment and trading move involves risk. You should conduct your own research when making a decision.




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