NFT Summer: From Opensea’s eye-catching data to see why people have entered NFT

The summer of 2021 is really NFT Summer.

In the past week, the NFT market seems to be experiencing a Fomo.

NFT Fomo

Last week, NFT Fomo was reflected in the Moments of Golden Financial Journalists. The reporter found that no less than 5 friends bought a certain CryptoPunk and used the purchased CryptoPunk image as their WeChat avatar. Other well-known individuals and institutions are also accelerating admission.

The following are just some of the news from the NFT industry last week:

On August 23, Visa announced its entry into the NFT field and bought a female avatar in the CryptoPunks series, CryptoPunk 7610, for $ 150,000. Visa also released a white paper on NFT to help other companies understand NFT and explore the field. The person in charge of Visa’s cryptocurrency also stated that CryptoPunk 7610 will not be the only NFT the company buys, and will continue to buy more NFTs.

On August 25, Budweiser changed its Twitter profile picture to “Tom Sachs Rocket Factory” NFT works, and purchased the ENS domain name beer.eth for 30 ETH .

On August 29th, NBA star Stephen Curry bought a Bored Ape NFT wearing a coarse-grained suit for 55 ETH (approximately US$180,000), and updated his Twitter profile picture to this NFT picture. Curry has won three NBA championships as a point guard for the Golden State Warriors.

On August 29, the Bored Ape Yacht Club project took advantage of the popularity of the NFT market and continued to issue 10,000 Mutant Apes with an issue price of 3 ETH and a total of 30,000 ETH.

On August 29th, Gitcoin founder Kevin Owocki and Gitcoin DAO manager Austin Griffith launched the NFT series Moonshot Bots, which raised more than 1.88 million US dollars and will be used to fund public welfare Web3 projects.

On August 29, Mask Network tweeted that it had purchased CryptoPunk 6128 and deposited this NFT asset in MaskDAO.

On August 29th, the famous pyrotechnic artist Cai Guoqiang announced that it will release 99 limited edition NFTs called “Fried Yourself” on the TR Lab platform at 9 a.m. Beijing time on September 3rd. Each limited edition will be priced at $999.

On August 30, the Japanese e-commerce platform Rakuten announced its entry into the NFT field. The NFT platform Rakuten NFT is expected to be launched in the spring of 2022.

On August 30, Ninth City announced its official entry into the NFT field. NFTSTAR Singapore Pte. Ltd., its wholly-owned subsidiary in Singapore, launched the NFT trading and community platform NFTSTAR, which is expected to be officially launched in the fourth quarter of this year.

According to The Block data, the NFT market trading volume in August hit a record high, breaking the previous peak in March. Among them, OpenSea dominates the NFT market, and the NFT transaction volume on Opensea accounts for nearly 97% of the total NFT transaction volume.

According to the Opensea trading rankings, the NFT trading volume on Opensea comes from CryptoPunks, Art Blocks , Bored Apes Yacht Club, Mutant Apes, 0N1 Force, Parallel Alpha, Pudgy Penguins, etc.

OpenSea dazzling data

Why are so many organizations so Fomo to NFT? Opensea’s explosion in August may provide the answer.

We can intuitively see the outbreak of OpenSea from the data analysis created by user rchen8 on Dune.

1. Opense transaction volume in August jumped nearly 10 times compared with last month

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As of August 30, 2021, Opense’s August transaction volume reached US$3.057 billion, and the transaction volume in July 2021 was US$326 million. In just one month, the transaction volume jumped nearly 10 times.

As can be seen from the above figure, Opense’s transaction volume began to grow in June, with a transaction volume of 150 million U.S. dollars in June, a doubled to 326 million U.S. dollars in July, and a nearly 10-fold increase in August. It is indeed NFT summer.

2. Opensea earns $200 million a month

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The income in July was only 21.86 million U.S. dollars

3. Starting from August 21, the daily trading volume exceeded 100 million US dollars

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Entering late August, the daily trading volume exceeded 100 million U.S. dollars. On August 29, the daily trading volume surpassed 300 million U.S. dollars.

4. 1.5 million NFT transactions in August

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More than 200,000 active users in August

X6D7xZHKPTPE1XquqqeJnhUNNh2Gmzzcdimruk9V.png

6. More than half of the 318,000 total active users  came from July and August

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As of the end of June, the number of Opensea users was 140,000, that is to say, more than half of the trading users came from July and August .

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/nft-summer-from-openseas-eye-catching-data-to-see-why-people-have-entered-nft/
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