NFT platform OpenSea has officially mediated $10 billion worth of NFT sales on its marketplace. It underscores the explosive growth of NFTs and OpenSea, its flagship marketplace on Ethereum.
It’s an important milestone for NFTs (non-fungible tokens) — a type of asset in the crypto world that can be bought or sold like any other piece of property but doesn’t have a physical form. You can think of these digital tokens as certificates of ownership for virtual or physical assets.
Dappradar reports that 629,867 traders have contributed to the $10 billion in sales and the average sale price per NFT since OpenSea’s launch is $872.
Axie Infinity and CryptoPunks, both giants in their own rite, are the next biggest players by volume in the world of NFTs. Axie Infinity posted a total trading volume of $3 billion and a customer base of over one million. The Punks, arguably the origin of all NFTs, had a volume of $1.6 billion on its 10,000 pieces of algorithmically-generated artwork.
Rarible and SuperRare fall far behind the rest, with$263 million and $177 million in volume, respectively. In contrast, the average sale prices on Rarible and SuperRare are higher than on OpenSea, suggesting that the latter two platforms are more popular for higher-ticket items.