NFT marketplace OpenSea's trade volumes have jumped since the start of the month
August 15, 2021, 3:31PM EDT
1 min read
Trading volumes on the a16z-backed NFT marketplace OpenSea have surged since the start of August.
The exchange has seen nearly $800 million in volume since the beginning of the month, according to data collected by The Block Research and shown in the chart below. In July, the marketplace saw $284.2 million in July volumes and $125.2 million during June.
Data published by DappRadar shows the extent of OpenSea's growth in recent days. According to the site, OpenSea saw roughly $10.8 million in trade volume and ~20,000 transactions.
By comparison, the marketplace posted $75 million in volume with nearly 80,000 transactions. Per DappRadar, OpenSea has done $1.17 billion (or 369,300 ETH) in volume in the past 30 days.
Last month, OpenSea raised a $100 million funding round led by a16z, valuing the firm at $1.5 billion.
The Block Research was commissioned by Forte to create “Blockchain-Based Gaming: A Primer” which provides a comprehensive introduction to how blockchain technology is being employed in video gaming experiences.
Adobe is introducing a Photoshop feature that allows users to prepare images as non-fungible tokens (NFTs), which will include content credentials that marketplaces like OpenSea can display on their websites for each asset.