Overview

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Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. While the company contested the OpenSea volumes are down by 99%. Volumes on OpenSea have substantially dropped over the past few months. Per DappRadar’s data, on 1 May, the platform 1 de sept. de 2025 Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs. Data from DappRadar shows that trading volume at OpenSea, which fired 20 percent of its staff back in July, has refuted that 99 percent figure, telling Fortune that, naturally, it prefers to measure transaction numbers by

Is OpenSea NFT Trading Volumes Down 99%? Decoding the Data

Headlines are screaming: "OpenSea NFT Trading Volumes Down 99%!" But is this dramatic figure the complete picture? This article dives deep into the data to uncover the truth behind the recent decline in OpenSea\'s NFT trading activity.

The 99% Drop: Where Does This Number Come From?

The claim that OpenSea NFT trading volumes are down 99% originates from data analysis by DappRadar. Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. This stark statistic has raised serious concerns about the health of the NFT market and OpenSea\'s future.

OpenSea\'s Response: Refuting the Narrative

However, OpenSea has disputed the accuracy of this 99% decline. While the company contested the OpenSea volumes are down by 99%, they acknowledge a significant drop in activity. OpenSea, which fired 20 percent of its staff back in July, has refuted that 99 percent figure, telling Fortune that, naturally, it prefers to measure transaction numbers by... different metrics.

Understanding the Nuances: Beyond Raw Volume Numbers

It\'s crucial to understand that simply looking at raw trading volume can be misleading. Several factors contribute to fluctuations, including:

  • Broader Market Conditions: The cryptocurrency market as a whole has experienced volatility, impacting NFT prices and trading activity. Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs.
  • Wash Trading: Artificially inflated trading volumes created by users trading with themselves to manipulate market perception have decreased.
  • Focus on Transaction Numbers: As OpenSea points out, focusing solely on dollar volume ignores the number of individual transactions.

The Reality: Volumes Are Down, But By How Much?

While a 99% drop might be an overstatement, there\'s no denying that volumes on OpenSea have substantially dropped over the past few months. Per DappRadar’s data, on 1 May, the platform... saw significantly higher trading volume compared to recent numbers.

Conclusion: The NFT Market is Evolving

The NFT market is still relatively young and prone to significant fluctuations. While OpenSea NFT trading volumes have decreased significantly, it\'s important to consider the complexities of the data and avoid overly simplistic interpretations. The market is evolving, and focusing on long-term trends and the underlying value of NFT projects provides a more accurate understanding of the current landscape.

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