8 months ago
Date: 21 Jun 2022 - 04:00

Data from DappRadar suggests that trading volume on OpenSea is down 57 across all networks over the past 30 days. The total volume comes to just 785 million in the past month after having several months with well over 1 billion in NFT sales.Source DappRadarThe analytics tool shows that there has however been an increase in both users and the number of transactions suggesting that more NFTs are being sold at a lower price. Transactions are up 69 while users are up 6.5. Interestingly when you break the transactions down across Ethereum Polygon and Solana we see that Ethereum has seen an increase of just 0.5 at 1.6M transactions but the newly added Solana has brought an additional 951K.To get a historical look at the monthly volume a Dune dashboard created by Richard Chen a General Partner at crypto investment firm 1confirmationshows the previous months data in graphical form.Source DuneWorryingly the volume of Polygon sales was just 6.4 million down from a high of 79 million in January 2022.Source DuneSolana performed better with 37 million in total volume. However neither Solana nor Polygon came close to Ethereums ninefigure sum.Source Dune Total website traffic for OpenSea has also been trending down since March with a 15 decline from April to May. The site had 67 million visitors in May which is still 30 times greater than competitor Rarible.NFT collector Penguin.eth commented that 8220This opensea volume is pretty horrifyingly bad ngl.8221 Treeverse developer Loopify also remarked that 8220this chart looks awful.8221 In more bad news for the NFT platform NFTstatistics.eth reported that users may be accepting bids below their market price.The past 3 days have had the highest percentage of OpenSea volume in WETH in the past year. WETH trades happen when sellers accept bids below their asking price. pic.twitter.comWWwWgmMSr9mdash NFTstatistics.eth punk9059 June 13 2022Meanwhile the total volume on Solanabased Magic Eden was reported at 162 million in NFT sales for the same period. The total raw onchain volume on Magic Eden is now close to OpenSea however that may include funds unrelated directly to NFT sales. Further Magic Eden NFT sales volume is down just 53 compared to OpenSeas 195.Source DappRadarThe post OpenSea sees its lowest monthly trading volume since July 21 as it falls 195 appeared first on CryptoSlate.

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USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
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101.49 $ 0 % 33.28 Billion $
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