In January, OpenSea, the world's largest NFT marketplace, set a new monthly trade volume record for Ethereum. According to data from Dune Analytics, NFT trading on the Ethereum blockchain surpassed $3.5 billion just around halfway through the month.
OpenSea has made $169 million in sales every day since January 1. January 9 was the most successful day on the market, with $261 million in trading volume.
January's $4.62 billion leap shattered OpenSea's previous all-time high of $3.42 billion, which was set in August 2017. It also had another major milestone in December when it surpassed Tron developer Justin Sun’s blockchain based game CryptoKitties in terms of active users.
Three of the top five decentralized application on Ethereum are related to trading virtual items, including Etheremon, Axie Infinity, and Decentraland. Second place goes to CryptoKitties in December with $3 million in daily volume according to Dune Analytics.
The most successful NFTs on OpenSea include Golem, CryptoKitties, and Auctus. In the past 24 hours, more than $400 million in transactions have been recorded on OpenSea from over 50 different NFT ecosystems.
OpenSea has also been integrating with decentralized exchanges such as KyberNetwork and Bancor, which allow users to trade assets directly from their wallets without placing any trust in a third party.
One of the most popular pieces on OpenSea is the digital asset “Kaiju” for Ethereum-based blockchain game Legends of Nex, which has reached more than $3 million in sales over the past month.
OpenSea is the largest decentralized application (dApp) for trading virtual goods on the Ethereum blockchain, and typically break their monthly records by increasing tenfold each year. The top five NFTs traded this month were Golem, CryptoKitties, Auctus, CryptoStrikers and Spells of Genesis.The top five dApps on Ethereum by transaction volume: Etheremon, Axie Infinity, Decentraland, Legends of Nex and Hyper Dragons. Each week on OpenSea we see NFTs trade $10 million+ worth of items.