- OpenSea Ethereum and OpenSea Polygon noticed declines in gross sales quantity, whole NFTs traded, and the variety of merchants.
- The overall market noticed a 9% progress in gross sales quantity.
With $246 million recorded in NFTs gross sales quantity to this point this month, information from Dune Analytics confirmed that Ethereum-based NFTs recorded their lowest gross sales on OpenSea because the 12 months began.
As extra customers transfer away from speculative asset lessons, OpenSea, the main NFTs market, continues to see a decline in its market quantity and customers rely.
Hassle in paradise
Per information from Dune Analytics, Ethereum-based NFTs value $246 million have been traded on OpenSea this month. This determine represented a 23% decline from the $319 million recorded as gross sales quantity for Ethereum NFTs on {the marketplace} in October and a 94% drop from the $4 billion recorded in January.
Supply: Dune Analytics
In response to information from CryptoSlam, the gross sales quantity for Ethereum-based NFTs throughout all marketplaces to this point this month totaled $364 million. This meant that gross sales on OpenSea alone accounted for over 80% of whole gross sales made.
Supply: CryptoSlam
For Polygon-based NFTs on OpenSea, information from Dune Analytics revealed that gross sales quantity totaled $6.35 million to this point this month. This was a 55% decline from the $14 million recorded in October. In October, gross sales quantity for Polygon-minted NFTs rallied by 100%.
Supply: Dune Analytics
Moreover, this month, 716,443 Ethereum-minted NFTs have been traded on OpenSea. In October, the rely of Ethereum-based NFTs bought on OpenSea totaled 1.12 million.
This represented a 28% drop inside the 30-day interval, information from Dune Analytics revealed. In January, the whole variety of NFTs bought on OpenSea Ethereum was 2.28 million.
Supply: Dune Analytics
Likewise, the rely of Polygon-based NFTs bought on OpenSea to this point this month has fallen by 8%. Per information from Dune Analytics, this stood at 281,000. In October, the whole rely of Polygon-minted NFTs bought on OpenSea rallied by 110% on a month-over-month foundation.
Supply: Dune Analytics
With fewer folks all in favour of profile-picture NFTs (PFPs), the rely of month-to-month NFTs merchants on OpenSea Ethereum has fallen by 16%. Because the month began, 280 merchants have traded Ethereum-based NFTs on OpenSea. In October, 335,000 merchants used the platform.
Curiously, on OpenSea Polygon, the rely of merchants went up by 27%. These merchants, nonetheless, traded fewer NFTs, therefore the autumn in whole NFTs traded and whole gross sales quantity.
Supply: Dune Analytics
In response to NFTGo, gross sales quantity throughout the complete NFTs ecosystem rallied by 9% within the final 30 days. Curiously, normal market capitalization fell by 1% inside the similar interval.
