• About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team
Tech News, Magazine & Review WordPress Theme 2017
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis
No Result
View All Result
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis
No Result
View All Result
CurrentCryptocurrencyNews
No Result
View All Result

OpenSea NFT Marketplace Crosses $3.5B in Monthly Ether Trading Volume

Christofer Wright by Christofer Wright
January 18, 2022
Home Cryptocurrency News

The NFT market is overflowing with business as the OpenSea marketplace sets a new record for the daily trading volume. The platform recently recorded 261 million dollars worth of trade in one day. OpenSea has noted an average of 169 million dollars in daily trading volume across January.

The latest record took the marketplace’s monthly Ether trading volume across 3.5 billion dollars. According to this popular Ethereum price prediction, it has the potential of reaching a level of $7500.

This is the first time OpenSea has crossed 3.5 billion dollars in daily trading volume for Ether. As per Dune Analytics, OpenSea previously achieved similar numbers in August 2021 when the platform recorded 3.42 billion dollars in Ether trading volume.

The month still has two weeks left, offering a great opportunity for the marketplace to hit a new record. The most prevalent reason behind the surge looks to be the value increase in BAYC (Bored Ape Yacht Club)and its subsidiaries BAKC (Bored Ape Kennel Club) and MAYC (Mutant Ape Yacht Club).

BAYC is known for its celebrity owners and is currently the most renowned NFT collection on the OpenSea marketplace. It holds over 14,306 Ether, amounting to 47 million dollars in the past 24 hours. The platform also released a 300 million dollars Series C finance round earlier this month.

Names like Coatue and Paradigm led the round, which brings OpenSea’s valuation to 13.3 billion dollars. However, OpenSea is not the only growing marketplace in the market as names like LooksRare are garnering viable traction as well. In other news, a 22-year old student from Indonesia became a millionaire by selling selfies as NFTs on OpenSea. 

Christofer Wright

Christofer Wright

Christofer Wright is an experienced news writer and holds a journalism degree. Presently he is working as a sub-editor at Current Cryptocurrency News. He leads a team of news writers and regularly contributes his knowledge and ideas for news writing. In his free time, he even writes some featured articles regarding cryptocurrency market updates & latest happenings.

Next Post
PlotX Secures $5 Million in Funding Grant Led by Polygon

PlotX Secures $5 Million in Funding Grant Led by Polygon

Recommended.

SafeMoon to Launch Custom NFT Called Naughty Naut

SafeMoon to Launch Custom NFT Called Naughty Naut

January 11, 2022
VeChain: From A Supply Chain Perspective

VeChain: From A Supply Chain Perspective

April 6, 2021

Trending.

AVAX Outperforms The Global Crypto Market, Increases Its Staking Rate to 50%

AVAX Outperforms The Global Crypto Market, Increases Its Staking Rate to 50%

March 14, 2022
Wipro and Uniper join hands to build Blockchain-based Platform For Energy Sector

Wipro and Uniper join hands to build Blockchain-based Platform For Energy Sector

August 21, 2020
Is SafeMoon a Profitable and Best Investment?

Is SafeMoon a Profitable and Best Investment?

March 2, 2022
Deepdotweb Operator in Prison Denied Earning of $15M from Illegal Darknet Links

Deepdotweb Operator in Prison Denied Earning of $15M from Illegal Darknet Links

March 17, 2020
Bitcoin Cash Solves Retail Blockchain Transactions Problems

Bitcoin Cash Solves Retail Blockchain Transactions Problems

March 10, 2022
CurrentCryptocurrencyNews

CurrentCryptocurrencyNews is your one-stop news source for everything related to cryptocurrencies. You can read the latest news headlines for 24/7 on any screen. In addition to that, we provide latest news stories including fundamental and technical analysis. So, our main aim is to help crypto enthusiasts to grow according to current trends.

Email: john@currentcryptocurrencynews.com

Follow Us

Cryptocurrency Updates

This App Could Help You Invest Wisely In Cryptocurrency
Cryptocurrency News

This App Could Help You Invest Wisely In Cryptocurrency

by John Roberts
March 17, 2020

Categories

  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis

Recent Updates

Teller & Chainlink to Develop Undercollaterzalized DeFi Lending

Teller & Chainlink to Develop Undercollaterzalized DeFi Lending

September 19, 2022
Can You Make Real Money From Playing Crypto Dice?

Can You Make Real Money From Playing Crypto Dice?

May 10, 2022
Fantom Launches USDB Stablecoin

Fantom Launches USDB Stablecoin

April 1, 2022
  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

Copyright © 2023. CurrentCryptocurrencyNews. All Rights Reserved.

No Result
View All Result
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis

Copyright © 2023. CurrentCryptocurrencyNews. All Rights Reserved.