OpenSea increases NFT dominance by $10B cumulative volume

Despite OpenSea’s huge lead in cumulative settlement volume OpenSea is second by user base and total trades.
OpenSea is the first marketplace to accept non-fungible tokens (NFT) trades. It has processed more than $10.3 billion in transactions since December 2017, according to Dapp Radar, a NFT data aggregator. The platform has also processed $1.85 billion in the past 30 days. Axie Infinity, a booming NFT game, ranks second in terms of lifetime volume. It has processed $3 billion worth NFT transactions since March 2018, compared to OpenSea’s 637,000. Axie Infinity, a booming NFT game, ranks second in terms of lifetime volume, with more than one million transactions on the platform since June 2018. This is despite OpenSea’s dominance by settlement value. Secondary sales on the Ethereum blockchain topped $2.2Billion last month. Related: Solana secondary NFT sale reach half a Billion dollars in three months Despite OpenSea’s dominance in the NFT sector’s NFT sector, a growing number of NFT investors are focusing on other blockchains with lower transaction fees.

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