OpenSea sees a spike in Ethereum-based NFT sales, thanks to these factors


  • Ethereum-based NFTs on OpenSea saw its greatest month-to-month sales volume considering that August 2022.
  • OpenSea saw increased activity in the last thirty days.

With Blue Chip non-fungible tokens (NFTs) collections at the leading edge, the year has actually up until now seen a renewal of interest in profile-picture (PFP) NFTs.

Ethereum-based NFT sales have actually skyrocketed to a four-month high up on leading market OpenSea, according to information from Dune Analytics. The month-to-month sales volume is anticipated to close the trading month at its greatest level considering that August 2022.

So far this month, the sales volume of Ethereum-minted NFTs on OpenSea has actually amounted to $409 million. This represented a 21% boost from the $283 million logged as sales volume at the end of 2022.

Source: Dune Analytics

The current boost in sales volume can be credited to a rise in the variety of Ethereum-based NFTs offered on the OpenSea market.

In the last 28 days, 1.03 million Ethereum-minted NFTs have actually been offered on the leading NFT market. According to information from Dune Analytics, this represented a two-month high in the sales count of Ethereum-based NFTs on OpenSea.

Source: Dune Analytics

In addition to the rise in the sales volume and count of Ethereum-based NFTs on OpenSea, the market itself has actually seen increased traction considering that the start of the 2023 trading year. Per information from DappRadar, in the last month, the deals depend on OpenSea grew by 9%.

The development in deals count of the decentralized application (dApp) led to a rally in sales volume. In the last thirty days, sales volume on OpenSea grew by 62%. All of these occurred, in spite of the 1.21% decrease in the count of special active wallets within the duration under factor to consider.

Source: DappRadar

Ethereum is king

In the NFT vertical of the crypto environment, Ethereum-based NFTs have actually seen the most sales in the last month. According to information from CryptoSlam, NFTs sales from the Ethereum chain in the last thirty days amounted to $745 million.

Within this duration, 207,719 purchasers and 211, 813 sellers took part in 1.91 million sales deals on the chain.

Source: CryptoSlam

What is the marketplace stating?

Blue Chip NFTs have actually grown in worth considering that the year began. These NFTs are a subcategory of the more comprehensive NFT market that is of high quality and worth. Examples consist of Bored Ape Luxury yacht Club [BAYC], Mutant Ape Luxury Yacht Club [MAYC], Crypto Punks, and Meebits.

According to NFTGo, heaven Chip Index is determined by weighing the marketplace capitalization of Blue Chip NFT collections to identify their efficiency. {Up until now this year, heaven Chip Index has actually climbed up by 6%.

Source: NFTGo

As for the basic market, market capitalization and sales volume have actually increased by 7% and 21%, respectively, in the previous 28 days.

Source: NFTGo

Read the very best crypto stories of the day in less than 5 minutes

| Far this year, the Blue Chip Index has actually climbed up by 6%.
Source: NFTGo


As for the basic market, market capitalization and sales volume have actually gone up by 7% and 21%, respectively, in the previous 28 days.

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