OpenSea’s Daily Transaction Volume Is Now Bigger Than Its 2020 Total

Leading non-fungible token (NFT) marketplace OpenSea is now processing more transaction volume daily than it did in the entire year 2020.

Devin Finzer, co-founder and CEO of OpenSea, tweeted that the platform processed transactions worth $95 Million in only two (!) days.

In the entirety of 2020, OpenSea processed transactions worth an estimated $20 Million in total. That equals an increase in daily transaction value by about 650 times since last year.

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OpenSea is by far the biggest NFT marketplace in terms of daily transaction volume, with other marketplaces like SuperRare or Rarible only representing daily volumes of respectively $543,000 and $248,000.

While Rarible outperformed OpenSea in 2020 with a total volume of $24 Million, OpenSea now represents 150 times the amount of Rarible’s volume. Overall, Rarible still almost quadrupled its daily transaction volume since 2020.

SuperRare processed around $6 Million in transactions last year (about $16,400 daily on average). Since then, the platform’s daily volume has increased by more than 33 times.

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