OpenSea, a distinguished non-fungible token (NFT) market, noticed a major drop within the variety of NFTs offered in February, hitting a three-year low.
Knowledge supplied by Dune Analytics reveals that solely 29 NFTs have been traded on the platform within the 199,000-day interval, a outstanding 33% drop from January’s whole of 297,000. This determine represents the bottom month-to-month quantity since Might 2021. The lower might probably be resulting from a lower in lively customers of the platform throughout this era.
In February, OpenSea registered 103,000 customers who made a minimum of one sale transaction, which represents an 18% lower from 125,000 customers in January and marks the bottom month-to-month variety of customers since July 2021. Curiously, regardless of the drop within the variety of NFTs offered, the quantity of gross sales elevated by 5%.
Knowledge reveals that OpenSea NFT gross sales quantity for February reached $153.03 million, a two-month excessive. Consequently, month-to-month charges obtained from major transactions and license charges noticed a rise of three%. Platform charges totaled $3.2 million over the 29-day interval, whereas royalties generated totaled $3.5 million.
In distinction, knowledge from DappRadar reveals that aggregator and NFT market Blur’s buying and selling quantity has declined by 16% up to now month. Regardless of this decline, nevertheless, Blur’s transaction quantity has surpassed $500 million, surpassing OpenSea’s by a major 306%. Moreover, whereas OpenSea noticed a decline in lively customers, Blur noticed development. Based on DappRadar knowledge, the variety of NFT merchants on Blur elevated by 13% in a 30-day interval, with 60,000 merchants making 237,000 transactions to promote NFTs.
