NFT marketplace OpenSea's trade volumes have jumped since the start of the month

Trading volumes on the a16z-backed NFT marketplace OpenSea have surged since the start of August.

The exchange has seen nearly $800 million in volume since the beginning of the month, according to data collected by The Block Research and shown in the chart below. In July, the marketplace saw $284.2 million in July volumes and $125.2 million during June.

Data published by DappRadar shows the extent of OpenSea's growth in recent days. According to the site, OpenSea saw roughly $10.8 million in trade volume and ~20,000 transactions.

By comparison, the marketplace posted $75 million in volume with nearly 80,000 transactions. Per DappRadar, OpenSea has done $1.17 billion (or 369,300 ETH) in volume in the past 30 days.

Last month, OpenSea raised a $100 million funding round led by a16z, valuing the firm at $1.5 billion.

The Scion

A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.

16/08/2021 NFT marketplace OpenSea's trade volumes have jumped since the start of the month

Trading volumes on the a16z-backed NFT marketplace OpenSea have surged since the start of August.