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NFT Marketplace OpenSea Hits $10 Billion in Total Volume

Amy Liu

Summary: NFT platform OpenSea has today officially traded over $10 billion in volume for the first time since opening its doors four years ago, according to decrypt. OpenSea is the first NFT marketplace to be established on the Ethereum blockchain, and its trading volume has shot up in the past year alongside the boom in non-fungible ...

NFT platform OpenSea has today officially traded over $10 billion in volume for the first time since opening its doors four years ago, according to decrypt. OpenSea is the first NFT marketplace to be established on the Ethereum blockchain, and its trading volume has shot up in the past year alongside the boom in non-fungible tokens (NFTs). In August, the platform’s total volume was just $1 billion. 

Many of the most famous NFT series, such as Bored Ape Yacht Club, frequently trade hands on OpenSea, while the platform has also hosted multi-million-dollar sales. Compared with other major platforms, OpenSea is way ahead in trading volume.

By Amy Liu

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