Tuesday, June 6, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
BitScoop
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
BitScoop
No Result
View All Result
Home Crypto Exchanges

OpenSea sees its lowest month-to-month buying and selling quantity since July 21 because it falls 195%

by BitScoop
June 21, 2022
in Crypto Exchanges
Reading Time: 5 mins read
A A
0
OpenSea sees its lowest month-to-month buying and selling quantity since July 21 because it falls 195%
Share on FacebookShare on Twitter

[ad_1]

👋 Wish to work with us? CryptoSlate is hiring for a handful of positions!

Information from DappRadar means that buying and selling quantity on OpenSea is down 57% throughout all networks over the previous 30 days. The overall quantity comes to simply $785 million up to now month after having a number of months with properly over $1 billion in NFT gross sales.

dappradar
Supply: DappRadar

The analytics device exhibits that there has nonetheless been a rise in each customers and the variety of transactions suggesting that extra NFTs are being bought at a lower cost. Transactions are up 69% whereas customers are up 6.5%. Curiously, whenever you break the transactions down throughout Ethereum, Polygon, and Solana we see that Ethereum has seen a rise of simply 0.5% at 1.6M transactions however the newly added Solana has introduced a further 951K.

To get a historic take a look at the month-to-month quantity a Dune dashboard created by Richard Chen, a Basic Associate at crypto funding agency 1confirmation, exhibits the earlier months’ knowledge in graphical type.

opensea volume eth
Supply: Dune

Worryingly, the amount of Polygon gross sales was simply $6.4 million down from a excessive of $79 million in January 2022.

opensea polygon volume
Supply: Dune

Solana carried out higher with $37 million in complete quantity. Nonetheless, neither Solana nor Polygon got here near Ethereums nine-figure sum.

solana opensea volume
Supply: Dune

Complete web site site visitors for OpenSea has additionally been trending down since March with a 15% decline from April to Might. The positioning had 67 million guests in Might which continues to be 30 instances larger than competitor Rarible.

NFT collector Penguin.eth commented that “This @opensea quantity is fairly horrifyingly unhealthy ngl.” Treeverse developer Loopify additionally remarked that “this chart appears to be like terrible.” In additional unhealthy information for the NFT platform, NFTstatistics.eth reported that customers could also be accepting bids beneath their market value.

The previous 3 days have had the best proportion of OpenSea quantity in WETH up to now 12 months.

WETH trades occur when sellers settle for bids beneath their asking value. pic.twitter.com/WWwWgmMSr9

— NFTstatistics.eth (@punk9059) June 13, 2022

In the meantime, the entire quantity on Solana-based Magic Eden was reported at $162 million in NFT gross sales for a similar interval. The overall uncooked on-chain quantity on Magic Eden is now near OpenSea nonetheless which will embrace funds unrelated on to NFT gross sales. Additional, Magic Eden NFT gross sales quantity is down simply 53% in comparison with OpenSea’s 195%.

magic eden
Supply: DappRadar

Get an Edge on the Crypto Market 👇

Grow to be a member of CryptoSlate Edge and entry our unique Discord group, extra unique content material and evaluation.

On-chain evaluation

Worth snapshots

Extra context

Be part of now for $19/month Discover all advantages



[ad_2]

Source link

Related articles

Yuga Labs concludes $16M TwelveFold auction

Yuga Labs concludes $16M TwelveFold auction

March 7, 2023
Gary Gensler’s connection to Binance uncovered in explosive WSJ report

Gary Gensler’s connection to Binance uncovered in explosive WSJ report

March 6, 2023
Tags: altcoinsbitcoin pricebitcoin updatesbitscoopcrypto newscrypto updatesFallsJulylatest bitcoin newsLowestmonthlyOpenSeaSeesTradingVolume
Share76Tweet47
Previous Post

CryptoPunks Now the Most Buying and selling NFT Assortment amid Rising Ground Value

Next Post

How To Use Bybit In The USA: Greatest Bybit VPN (2022)

Related Posts

Yuga Labs concludes $16M TwelveFold auction

Yuga Labs concludes $16M TwelveFold auction

by BitScoop
March 7, 2023
0

Ad Yuga Labs’ TwelveFold auction, which saw the company sell its first collection of Bitcoin ordinals, has concluded on March...

Gary Gensler’s connection to Binance uncovered in explosive WSJ report

Gary Gensler’s connection to Binance uncovered in explosive WSJ report

by BitScoop
March 6, 2023
0

Ad Explosive new revelations published by the Wall Street Journal claim that Binance and Binance U.S. are more intertwined than...

Polygon’s technical lead explains what to expect from zkEVM

Polygon’s technical lead explains what to expect from zkEVM

by BitScoop
March 5, 2023
0

Ad The Ethereum ecosystem is set to witness one of the hottest blockchain trends this year, with numerous companies eager...

Silvergate to return $9.85M deposit to BlockFi

Silvergate to return $9.85M deposit to BlockFi

by BitScoop
March 3, 2023
0

Ad Silvergate Bank has been ordered to return $9.85 million to BlockFi as part of the latter firm’s ongoing bankruptcy...

How Hong Kong’s stricter crypto regulations aim to boost investor confidence

How Hong Kong’s stricter crypto regulations aim to boost investor confidence

by BitScoop
March 3, 2023
0

Ad The following is a guest post from Anndy Lian.Hong Kong has been a major financial hub for many years,...

Load More
Next Post
How To Use Bybit In The USA: Greatest Bybit VPN (2022)

How To Use Bybit In The USA: Greatest Bybit VPN (2022)

Prime Instruments to Stay Nameless within the Crypto Market

Prime Instruments to Stay Nameless within the Crypto Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
BNB Faucet – The Full Guide to BNB Testnet Faucets

BNB Faucet – The Full Guide to BNB Testnet Faucets

January 12, 2023
The 2023 Guide to Avalanche’s Fuji Testnet & Avalanche Faucets

The 2023 Guide to Avalanche’s Fuji Testnet & Avalanche Faucets

January 10, 2023
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

March 7, 2023
Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

March 7, 2023
Facebook Twitter LinkedIn Tumblr
BitScoop

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Bitscoop

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.