The world is less than a week into the new year, but traders on the NFTs trading platform OpenSea are already getting the job done.
OpenSea kicks off the new year strong
According to available data, the trading volume of the platform has recorded a significant increase since the first day of the year.
To be precise, over the past three days, the platform has recorded over $700 million in revenue. This number ranks it in line for an unprecedented month of sales.
On January 2, opensea’s trading volume reached $240 million, a record high. The trading volume in December again exceeded 3 billion US dollars. The main reason is the re-popularity of BAYC & MAYC.
– Wu Blockchain (@WuBlockchain) January 3, 2022
A market review indicates that this increase in trading may not be related to the new speculative frenzy surrounding two yacht clubs: Bored Ape Yacht Club (BAYC) and Yacht Club Mutant Ape boat (MAYC).
The breakdown of the platform’s outstanding performance since the start of the year shows that yesterday, January 3, was the best day to celebrate. The company recorded a whopping $255.8 million in volume in the 24-hour data space made available to the public by rchen8 on Dune Analytics.
Interestingly, there are signs that this could be the platform’s all-time high within 24 hours. However, while this assertion seems interesting, many popular viewers, including Wu Blockchain, share the same opinion. The previous data has a different state. A post by rchen8 on Dune Analytics shows that August 29 saw an all-time high (ATH) of $322 million.
In December, OpenSea’s monthly transaction volume hit $3.24 billion and was just 5.3% down from the platform’s August ATH of $3.42 billion.
Much frenzy surrounding the NFT of apes and mutants
While many factors can be attributed to OpenSea’s continued increase in transaction volume, it is impossible to weaken the role of the recent frenzy surrounding BAYC and MAYC NFT, among projects. Another designed by the famous Yuga Labs.
This is due to the prominent position these projects hold on the platform. For example, MAYC tops the charts of all NFT projects when viewed from the prism of their seven-day volume on the secondary markets at $93.2 million, according to Cointelegraph. data from CryptoSlam. BAYC NFTs followed closely with a trading volume of $88.4 million.