OpenSea monthly volumes top $5B as NFTs continue to mainstream
In the last two weeks, Azuki, Bored Ape Yacht Club, CloneX, and Mutant Ape Yacht Club have seen significant increases in floor prices and total sales volume. Over the last 7 days alone, all four projects have generated an estimated $365.9 million in value according to data from OpenSea.
While the crypto market is steadily recovering from its lengthy bloodbath, NFT marketplaces like LooksRare and OpenSea have consistently generated about $100 million in daily total volume.
It seems that crypto Twitter is expressing their speculation on the recent market pump to blue chip momentum while others are hopeful their holdings will make their appearance in the upcoming SuperBowl a bag pumping event for their portfolio.
While it could be a combination of the two, NFT projects have also been gaining traction with recent developments and steady leaks are driving up each collection's daily average price. Data shows that the top 5 collections increased their daily average price by at least 5%, with Azuki seeing a startling 55% increase in the last seven days.
The Azuki NFT collection entered the ecosystem by alluding to the Matrix with its version of the red pill, dubbing it the red bean, instead. The red bean eventually reveals itself to be an anime-inspired avatar granting users access to Azuki’s Garden. The anime collection seems to be long desired as it continues to capture collectors with its art and lore.
Azuki’s floor prices rose from substantial 4.29 Ether to currently, 11.29 Ether since its reveal on January 21, 2022, making it a 163% increase, according to Dune Analytics.
The number of unique wallets that own Azuki’s have also seen healthy growth with a significant driver being its reveal date. Azuki’s top 50 wallet holders
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