OpenSea's Ethereum NFT Market Share Surges to 71.5% Following SEA Token Launch Announcement

Suehyeon Lee

Summary

OpenSea's Ethereum NFT market share surged from 21.5% to 71.5% in four weeks.
The market share increase was attributed to OpenSea's announcement of their native token SEA launch.
The SEA token launch is expected to be a crucial factor in expanding OpenSea's market influence.

NFT (Non-Fungible Token) marketplace OpenSea's market share has shown a recent sharp increase.

According to The Block on the 20th (local time), OpenSea's market share in the Ethereum NFT marketplace increased to 71.5% last week. This represents a significant increase compared to OpenSea's market share of 21.5% just four weeks ago.

Regarding this, the media outlet analyzed that "OpenSea's market share increase is likely due to the announcement of the launch of their long-awaited native token SEA." Previously, on the 13th, OpenSea had announced the launch of their SEA token.

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

OpenSea's Ethereum NFT Market Share Surges to 71.5% Following SEA Token Launch Announcement

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