OpenSea, a non-fungible token (NFT) marketplace platform, has continued to amaze in the new year, with increased usage and trade metrics. The number of active users on the site has hit a new high for the NFT behemoth.
On Thursday, January 13, 2022, data from Dune Analytics revealed that OpenSea has surpassed one million active user wallets on the network.
The achievement is the latest sign of OpenSea’s sustained progress in the early days of 2022, after a year of unprecedented expansion.
Thursday’s announcement comes on the heels of claims that the platform has witnessed over $2 billion in trading volume since the beginning of 2022 and is on track to set a new monthly trading volume record.
Devin Finzer, the firm’s co-founder, stated earlier in January 2022 that OpenSea had received $300 million in a Series C fundraising round.
This increased OpenSea’s market capitalization to $13.3 billion, significantly increasing from $1.5 billion in July 2021.
The kind of NFT-related activity that has marked the early days of the year, with popular sets like CryptoPunks and Bored Ape Yacht Club continuing to draw tremendous interest, is consistent with OpenSea’s barnstorming start to 2022.
While OpenSea’s supremacy remains unrivaled, upstarts like LooksRare may threaten the platform. The latter just established its marketplace and offered customers an airdrop.