Last month, NFT trading platform OpenSea reached its highest level of monthly active users since mid-2023, Golden Finance reported. According to Dune Analytics, the platform had 467,322 users make at least one transaction in May, a number that is on par with levels from mid-2022 to early 2023. The number of active users in June is likely to be the same or even higher than in May, and the number has now reached 236,091.
Despite a rebound in user interest on OpenSea, the monthly trading volume of the NFT platform remains well below the levels seen before the NFT market slump in 2021 and early 2022. Although last month’s trading volume was $81 million, it peaked at over $5 billion in January 2022.
The surge in the number of active users may be attributed to the official launch of OS2 on May 29, as well as users’ expectations of potential rewards. This beta version is only open to Gemesis NFT holders (94,757 NFT collectibles created by OpenSea in April 2023) and focuses on testing new features.
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