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NFT Projects Soar Despite OpenSea’s Drop in Volume

OpenSea struggles to keep its record but NFT projects have seen a rapid increase.

The year 2021 was marked by significant milestones and outstanding accomplishments for OpenSea, with the marketplace surpassing $14 billion in transaction volume.

OpenSea, the world’s leading NFT platform, didn’t take long to break its own monthly transaction volume record.

Dune Analytics revealed in January 2022 that the OpenSea network reached the highest monthly transaction volume ever.

According to the on-chain data platform, transaction volume in January 2022 was around $5 billion, while it reportedly topped $2 billion in December 2022. The precise amount is $4,795,721,595,90746.

However, the last month turned out poorly for OpenSea.

OpenSea Takes a Hit

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