OpenSea Sets New Record for Monthly Ether Trading Volumes at $3.5B

Famous Non-Fungible Token (NFT) marketplace, OpenSea has recorded a new All-Time High (ATH) in Ethereum trading volume for the month of January as collectors showcase their willingness to break new records in this new year.

Per data from Dune Analytics, the monthly Ether trading volume has topped $3.5 billion, outpacing the $3.42 billion recorded by the platform back in August 2021.

With January still having many more days to go, the impressive milestone reflects the massive trading volumes the platform has witnessed since the beginning of the year. Average daily sales volume is pegged at $169 million, with the figure rising as high as $261 million as January 9th.