OpenSea NFT Platform Ethereum Monthly Market Volume Soars to $3.5 Billion

OpenSea, the popular non-fungible NFT token marketplace, broke a monthly record for Ethereum trading volume, hitting $3.5 billion, according to data from Dune Analytics.

Two weeks out from the end of this month, OpenSea's trading volume surpassed $3.42 billion in August last year and $3.24 billion in sales in December.

To date, OpenSea's daily market share for January has topped $169 million, and the platform's peak daily volume reached $261 million on January 9.

NFTs are cryptographically unique tokens that can be stored digitally and provide proof of ownership for a wide range of devices including different applications including graphics, digital devices, audio, music and video games.

Market-leading NFT Marketplace OpenSea has recently surged as the crypto industry has grown in recent weeks, with Bitcoin falling 7.5% year-to-date.