OpenSea sees a spike in Ethereum-based NFT sales, thanks to these factors

  • Ethereum-based NFTs on OpenSea saw its highest monthly sales volume since August 2022.
  • OpenSea saw increased activity in the last 30 days.

With Blue Chip non-fungible tokens (NFTs) collections at the forefront, the year has so far seen a resurgence of interest in profile-picture (PFP) NFTs. 

Ethereum-based NFT sales have soared to a four-month high on leading marketplace OpenSea, according to data from Dune Analytics. The monthly sales volume is expected to close the trading month at its highest level since August 2022. 

So far this month, the sales volume of Ethereum-minted NFTs on OpenSea has totaled $409 million. This represented a 21% increase from the $283 million logged as sales volume at the end of 2022.

Source: Dune Analytics

The recent increase in sales volume can be attributed to a surge in the number of Ethereum-based NFTs sold on the OpenSea marketplace.

In the last 28 days, 1.03 million Ethereum-minted NFTs have been sold on the leading NFT marketplace. According to data from Dune Analytics, this represented a two-month high in the sales count of…

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