As more people move away from speculative asset classes, leading NFTs marketplace OpenSea continues to suffer a decline in its share by market volume and number of users. Furthering its 10-month decline streak, recent data from Dune Analytics showed that OpenSea Ethereum closed October with a severe drop in all of its key metrics. Are […]
Furthering its 10-month decline streak, recent data fromAre the glory days behind?
In contrast, data from Dune Analytics revealed that NFTs sales volume on OpenSea Polygon rallied by 100%. In October, total sales on Polygon-minted NFTs on OpenSea was $14 million, representing the highest sales volume in the past five months.Further to a decline in monthly trading volume, the total count of Ethereum-based NFTs sold on OpenSea fell by 16% in October. Per data from Dune Analytics, the count of NFTs sold on OpenSea Ethereum within the 31-day period totaled 1.12 million.
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