Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

IQ AI and OpenLedger work together to improve intelligent automation

2025-06-01

Analyst who has nailed 2021 Bitcoin -Top, predicts new leg for Bitcoin – but there is a catch

2025-06-01

Bitcoin tipped for $ 340,000 target if this level applies – details

2025-06-01
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    IQ AI and OpenLedger work together to improve intelligent automation

    2025-06-01

    Ripple makes a fundamental statement about blockchain -transforming finances

    2025-06-01

    VeChain wants to transform the supply chain from Amazon with confidential evidence

    2025-06-01

    Binance and Pakistan IT ministerie Rollen Blockchain Education Program out for 80,000 students

    2025-06-01

    Omnia -Protocol works together with Flare Networks to unlock more private and interoperable Web3 Future

    2025-06-01
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    IMF requires urgent clarification of Pakistan more than 2,000 MW of Power Allowance to Bitcoin -Mybouw

    2025-06-01

    Humans leads $ 3,490,000 from the US government, various companies in bank fraud: Doj

    2025-06-01

    American authorities charge six people in connection with alleged $ 66,000,000 Food Stamp -Fraud schedule

    2025-05-31

    American authorities punish the Philippines-based company for alleged computer infrastructure for crypto pig breaking stop

    2025-05-30

    FBI is looking for victims who are connected to FunNull Pig Butching Crypto Investment SCAM

    2025-05-30
  • Analysis

    Analyst who has nailed 2021 Bitcoin -Top, predicts new leg for Bitcoin – but there is a catch

    2025-06-01

    Hyperliquid Bitcoin Whale loses $ 100 million because the BTC price falls under $ 105k

    2025-06-01

    Bitcoin can go to the impending correction mode for ‘weeks and weeks’, according to analyst Willy Woo – here is why

    2025-06-01

    Cronos Tart Crypto Market Downtick on Friday as asset manager Canary Capital Files for CRO ETF

    2025-05-31

    XRP multi-time frame breakdown: here comes what is there

    2025-05-31
  • Learn

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»OpenSea is multichain after 98% fall in the volume
Blockchain

OpenSea is multichain after 98% fall in the volume

2025-02-15No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

As soon as one of the largest NFT marketplaces and an avid supporter of the ERC-721 protocol from Ethereum, OpenSea has decided to go multi-blockchain, to carry out an initial currency offer (ICO) style-airdrop, and try losses back To earn its 98% decrease in trade volumes.

In an announcement today, the stock market said it is working on an airdrop of its new sewer docks, re -edited his website and adds deeper support for more than a dozen block chains.

OpenSea also adds support for NFT purchases of cross-blockchain, such as buying a Solana NFT using a non-Solana payment method. It also reduces market costs to 0.5% and swap costs to $ 0 for its OS2 Open Beta.

The exchange achieved a unicorn status as an early startup, in which a wave of commercial activity was driven that reached a peak on 1 May 2022 at $ 476 million, after the launch of the Anthereed Metaferse country of the Bired Ape Yacht Club.

Today, Trade volumes have fallen 98% Of that figure and rarely exceeds millions.

Three years since the Glory Days

The fall of several years is clear on almost every relevant statistics. In January 2022, OpenSea had monthly NFT turnover of more than 5 million. However, sales fell by 80%by January 2025.

The Royalty Costs of OpenSea were $ 268 million in January 2022, but did not succeed in reaching $ 4 million last month.

The company is hopeful that its new ICO AirDrop and Platform Redesign will help restore it. OpenSea fired 56% of his workforce after receiving a Wells knowledge of the Securities and Exchange Commission (SEC) in August 2024.

See also  Polyhedra Network unveils NEP-3 proposal for integration with Merlin Chain

That Wells -Knowledge expressed concern about possible non -registered effects on the platform.

Read more: NFT Wash Trade accounts for 6.5% of the daily sales volume on OpenSea

OpenSea has also had to deal with fierce competition from other NFT marketplaces such as Blur and Magic Eden. Magic Eden saw some success in adding other NFT supporting block chains such as Ethereum and Polygon after initially Support for polygon only.

This could explain the decision of the exchange to include a considerable number of new block chains in OpenSea 2.0.

In general, OpenSea simply struggles to tackle a multi -year fall in the popularity of NFT. Nowadays, most traders simply prefer fungible memecoins instead of non-fungal media.

The range of the website again launch and token will probably not change this global trend.

Source link

Fall multichain OpenSea Volume
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

IQ AI and OpenLedger work together to improve intelligent automation

2025-06-01

Binance leads in volume but loses Liquidatierace – insight into how …

2025-06-01

Ripple makes a fundamental statement about blockchain -transforming finances

2025-06-01

VeChain wants to transform the supply chain from Amazon with confidential evidence

2025-06-01
Add A Comment

Comments are closed.

Top Posts

Fracton Protocol unveils hiBAKC, the newest fractional NFT on KuCoin

2023-05-29

The projects you need to know about

2024-09-15

Bitcoin: From $64,000 to a Reversal – What Happened for BTC?

2024-02-29
Editors Picks

Ethereum Whale has been dormant for a year and starts selling off its coins as ETH loses steam: Lookonchain

2023-12-17

NFT Clash: Will Bitcoin Finally Outsell Ethereum in March?

2024-03-22

Bitcoin Could Crash to $48,000 If This Support Level Crumbles, Says Crypto Analyst

2024-08-15

Short-term Bitcoin holders hold the key to $70,000 – and here’s why

2024-09-21

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

IQ AI and OpenLedger work together to improve intelligent automation

Analyst who has nailed 2021 Bitcoin -Top, predicts new leg for Bitcoin – but there is a catch

Bitcoin tipped for $ 340,000 target if this level applies – details

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,895.530.22%
  • ethereumEthereum(ETH)$2,515.52-0.95%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.16-1.92%
  • binancecoinBNB(BNB)$654.11-0.84%
  • solanaSolana(SOL)$154.85-1.64%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.191161-1.46%
  • tronTRON(TRX)$0.2693281.34%
  • cardanoCardano(ADA)$0.68-2.21%
  • suiSui(SUI)$3.280.13%
  • hyperliquidHyperliquid(HYPE)$32.86-0.58%
  • chainlinkChainlink(LINK)$13.92-1.73%
  • avalanche-2Avalanche(AVAX)$20.57-1.93%
  • stellarStellar(XLM)$0.265828-0.50%
  • bitcoin-cashBitcoin Cash(BCH)$402.41-3.52%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-0.05%
  • the-open-networkToncoin(TON)$3.140.10%
  • shiba-inuShiba Inu(SHIB)$0.0000130.42%
  • hedera-hashgraphHedera(HBAR)$0.167076-0.91%
  • litecoinLitecoin(LTC)$87.58-0.11%
  • polkadotPolkadot(DOT)$4.03-1.78%
  • moneroMonero(XMR)$331.992.25%
  • bitget-tokenBitget Token(BGB)$4.740.29%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000012-0.55%
  • piPi(PI)$0.64-1.40%
  • uniswapUniswap(UNI)$6.190.85%
  • aaveAave(AAVE)$246.46-2.70%
  • bittensorBittensor(TAO)$412.46-3.99%
  • aptosAptos(APT)$4.75-0.37%
  • okbOKB(OKB)$49.80-1.25%
  • nearNEAR Protocol(NEAR)$2.42-0.47%
  • crypto-com-chainCronos(CRO)$0.104261-3.22%
  • internet-computerInternet Computer(ICP)$4.930.44%
  • ondo-financeOndo(ONDO)$0.83-1.20%
  • ethereum-classicEthereum Classic(ETC)$16.91-1.04%
  • gatechain-tokenGateToken(GT)$19.21-0.34%
  • mantleMantle(MNT)$0.680.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.28-0.46%
  • kaspaKaspa(KAS)$0.0854250.27%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.213413-0.72%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • vechainVeChain(VET)$0.024056-1.60%
  • render-tokenRender(RENDER)$3.88-0.17%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.75-2.26%
  • ethenaEthena(ENA)$0.3083830.15%
  • worldcoin-wldWorldcoin(WLD)$1.13-1.33%
  • filecoinFilecoin(FIL)$2.54-1.53%
  • bitcoinBitcoin(BTC)$104,895.530.22%
  • ethereumEthereum(ETH)$2,515.52-0.95%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.16-1.92%
  • binancecoinBNB(BNB)$654.11-0.84%
  • solanaSolana(SOL)$154.85-1.64%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.191161-1.46%
  • tronTRON(TRX)$0.2693281.34%
  • cardanoCardano(ADA)$0.68-2.21%
  • suiSui(SUI)$3.280.13%
  • hyperliquidHyperliquid(HYPE)$32.86-0.58%
  • chainlinkChainlink(LINK)$13.92-1.73%
  • avalanche-2Avalanche(AVAX)$20.57-1.93%
  • stellarStellar(XLM)$0.265828-0.50%
  • bitcoin-cashBitcoin Cash(BCH)$402.41-3.52%
  • unus-sed-leoUNUS SED LEO(LEO)$8.61-0.05%
  • the-open-networkToncoin(TON)$3.140.10%
  • shiba-inuShiba Inu(SHIB)$0.0000130.42%
  • hedera-hashgraphHedera(HBAR)$0.167076-0.91%
  • litecoinLitecoin(LTC)$87.58-0.11%
  • polkadotPolkadot(DOT)$4.03-1.78%
  • moneroMonero(XMR)$331.992.25%
  • bitget-tokenBitget Token(BGB)$4.740.29%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • daiDai(DAI)$1.000.01%
  • pepePepe(PEPE)$0.000012-0.55%
  • piPi(PI)$0.64-1.40%
  • uniswapUniswap(UNI)$6.190.85%
  • aaveAave(AAVE)$246.46-2.70%
  • bittensorBittensor(TAO)$412.46-3.99%
  • aptosAptos(APT)$4.75-0.37%
  • okbOKB(OKB)$49.80-1.25%
  • nearNEAR Protocol(NEAR)$2.42-0.47%
  • crypto-com-chainCronos(CRO)$0.104261-3.22%
  • internet-computerInternet Computer(ICP)$4.930.44%
  • ondo-financeOndo(ONDO)$0.83-1.20%
  • ethereum-classicEthereum Classic(ETC)$16.91-1.04%
  • gatechain-tokenGateToken(GT)$19.21-0.34%
  • mantleMantle(MNT)$0.680.80%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.28-0.46%
  • kaspaKaspa(KAS)$0.0854250.27%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.213413-0.72%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • vechainVeChain(VET)$0.024056-1.60%
  • render-tokenRender(RENDER)$3.88-0.17%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.75-2.26%
  • ethenaEthena(ENA)$0.3083830.15%
  • worldcoin-wldWorldcoin(WLD)$1.13-1.33%
  • filecoinFilecoin(FIL)$2.54-1.53%