OpenSea Volume Set To Break RecordAug 19, 2021
As the NFT season heats up, OpenSea processed 66% of its total volume in July in just 6 short days. OpenSea is definitely set for a record-breaking August! At this pace, OpenSea would be on track for $898m of total volume in August, which would mark a 169% month-over-month increase. It’s far too early to speculate on how the rest of the month will shape up, but it’s hard not to take note of OpenSea’s eye-popping growth as of recent.
Led by significant capital deployment into CryptoPunks, PFP NFTs price floors in general are benefiting heavily from a hype cycle. As usual, we’d like to caution Delphi Daily readers that most of these NFTs are called illiquid JPEGs for a reason. Don’t be caught holding a heavy bag – ape responsibly.