OpenSea's NFT trading volumes are on a tear right now 🚀 January is well on track to break the all-time high monthly record set in August 2021 📈
Even though the crypto markets might be experiencing a bit of a lull right now, demand for non-fungible tokens remains in rude health.
Figures from Dune Analytics show monthly trading volume on OpenSea, the world's biggest NFT marketplace, has hitThat's impressive considering that 2022 is just 11 days old — and means OpenSea is well on track to break records, eclipsing the highest-ever trading volume ofAll of this comes as competition continues to heat up in the world of NFTs, with a number of big brands announcing plans to establish their own marketplaces.
We're also seeing a continual shift when it comes to which NFT collections are the most popular. Bored Ape Yacht Club has been unseated from the top spot by PhantaBear, a project endorsed by Asian popstar Jay Chou.minutes — with each collectible offering distinctive perks and members-only benefits.
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