OpenSea Enters 2022 with New All Time High of $260 Million

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NFT trading megalith, OpenSea, has hit the new year at ferocious speed, with a record-breaking trading volume on just the second day of 2022. On January 2nd alone, the platform saw over $260 million worth of digital memorabilia change hands.

This staggering performance is hot off the back of a successful December that witnessed over $3 billion traded on the platform, and is in a large part driven by the success of the Bored Apes and its many side projects. With the likes of Eminem, Britney Spears, and Dave Chappelle all reported to have made Ape purchases recently.

According to the army of analysts picking over the figures, the BAYC and MAYC collections saw $91 million and $84 million in trades over the last 7 days, and continue to set new records as they position themselves to take on the new year. With a BAYC blockchain game and a native utility token in the works, it’s onwards and upwards for the Bored Apes.

On January 2nd, opensea’s trading volume was as high as 240 million U.S. dollars, a record high. The trading volume in December again exceeded US$3 billion. The main reason is the popularity of BAYC & MAYC again.

— Wu Blockchain (@WuBlockchain) January 3, 2022

Despite all this however, not all are in agreement as to this record-breaking figure, with some analysts arguing that OpenSea reached its true ATH back on August 29, when the boffins over at Dune Analytics put the figure at $322 million. Regardless of this, it is likely that both figures will be eclipsed in the near future.

Source: https://nftplazas.com/opensea-all-time-high-260-million/

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