OpenSea Volume Hits Lowest Since June 2021 With $303m in OctoberOpenSea sees their trading volume decline 13% to $303 million, its lowest level since June 2021, as other NFT marketplaces take a slice of its revenue.
The secondary NFT marketplace is experiencing low volumes despite onboarding collections from Ethereum layer-two solution Arbitrum in Sep. 2022.
OpenSea’s trading volume is down 94% since hitting an all-time high of $4.86 billion in Jan. 2022. Data from Dune Analytics also shows a decline of about 86% in the ETH trading volume since the beginning of the year. OpenSea supports NFTs from multiple blockchains, including Ethereum, Solana, Avalanche, and Klatyn. Layer-two solution Arbitrum recently announced that its NFTs would be listed on OpenSea
META & NFT WORLD
