OpenSea Pro’s weekly trading volume has now exceeded that of Blur, its closest competitor.
The NFT market has experienced an unprecedented surge in interest and demand over the past year, with digital art and collectibles selling for millions of dollars. As the market grows, competition among marketplaces has intensified, with each vying to attract the best artists, collectors, and investors.
OpenSea Pro, which launched in 2020, has quickly established itself as the go-to marketplace for NFTs, with a user-friendly interface, robust security features, and an extensive collection of digital assets. The platform’s popularity has exploded in recent months, as more and more investors and collectors flock to the site to snap up the latest releases.
One of the key drivers of OpenSea Pro’s success has been its ability to attract high-profile artists and brands to its platform. In recent months, the marketplace has hosted auctions featuring works by major artists such as Damien Hirst and Banksy, as well as collaborations with brands such as Adidas and Gucci.
In addition to its impressive roster of artists and brands, OpenSea Pro has also attracted a growing number of individual collectors and investors. The platform’s weekly trading volume now exceeds that of Blur, with over $600 million in NFT sales over the past month alone.
OpenSea Pro’s success has been reflected in the number of unique addresses using the platform. According to Dune Analytics, the number of unique addresses on OpenSea Pro has surged to over 600,000, compared to just over 200,000 on Blur.
The growth of OpenSea Pro and the wider NFT market has been fueled by a range of factors, including the growing mainstream acceptance of cryptocurrency, the rise of social media influencers promoting digital art, and the emergence of new use cases for NFTs, such as gaming and virtual real estate.
As the NFT market continues to evolve, OpenSea Pro is well positioned to maintain its dominance. The platform’s focus on user experience, security, and high-quality assets has set it apart from its competitors, and its ability to attract high-profile artists and brands has cemented its position as the leading NFT marketplace.
OpenSea Pro has overtaken its rival Blur in a key metric as volumes and addresses surge. The platform’s success is a testament to its focus on user experience, security, and high-quality assets, as well as its ability to attract high-profile artists and brands. As the NFT market continues to grow and evolve, OpenSea Pro is poised to remain at the forefront of this exciting new industry.