Gem v2 Upgrade Leads to Significant Increase in Active Addresses and Transaction Volume on OpenSea Pro
According to reports, according to Dune data, there has been a significant increase in active addresses and transaction volume this week since the Gem v2 brand was upgraded to Open
According to reports, according to Dune data, there has been a significant increase in active addresses and transaction volume this week since the Gem v2 brand was upgraded to OpenSea Pro. According to Dune’s data, the daily new addresses on OpenSea Pro soared to over 1800 after brand upgrades, and then fell back to 1000. Active addresses also soar to over 3500 every day, and have been hovering below 3000 ever since. The daily trading volume also surged, exceeding $3 million at one point, leading Blur for two consecutive days on April 5th and 6th, and has since hovered above $2.5 million.
Data: OpenSea Pro’s trading volume exceeded Blur for two consecutive days
Introduction
OpenSea Pro, the largest non-fungible token marketplace, announced the upgrade of its brand, Gem v2, and since then, there has been a significant increase in active addresses and transaction volume. Dune data shows that the daily new addresses on OpenSea Pro increased to over 1800 after the brand upgrade.
What is OpenSea Pro?
OpenSea Pro is a marketplace for buying and selling non-fungible tokens (NFTs) on the Ethereum blockchain. It is the largest platform, with over 4 million items listed, and over $1 billion in trading volume since its launch in 2018.
Gem v2 Upgrade
The Gem v2 upgrade was introduced on April 5th, and it brought several new features to OpenSea Pro. These features included improved search and filtering options, simplified purchasing flows, and better seller management tools. The upgrade also brought a new design and user interface to the platform.
Increase in Daily New Addresses
After the Gem v2 upgrade on OpenSea Pro, the daily new addresses soared to over 1800, depicting an increase in user interest and activity. This growth in daily new addresses signifies the growing interest in NFTs, and the potential for further growth in the market. The increased number of new addresses also suggests that the younger demographic is looking to invest their money in NFTs.
Surge in Active Addresses
The daily active addresses on OpenSea Pro also saw a surge after the brand upgrade, reaching over 3500 every day. This is a significant increase when compared to the previous daily average of below 3000. The surge in active addresses suggests that the platform is becoming more popular and drawing in a larger number of users.
Daily Trading Volume
The daily trading volume on OpenSea Pro surged after the Gem v2 upgrade, exceeding $3 million at one point. This led Blur for two consecutive days on April 5th and 6th and has since hovered above $2.5 million. This surge in trading volume demonstrates the potential for growth in the NFT market and highlights the interest and activity surrounding OpenSea Pro.
Conclusion
The Gem v2 upgrade on OpenSea Pro has brought several new features, including better user interface and search options, simplified purchasing flows, and better seller management tools. This upgrade has led to a surge in daily new addresses and active addresses and a high trading volume. These numbers indicate the growing interest in the NFT market.
FAQs
Q. What is a Non-Fungible Token (NFT)?
A. Non-Fungible Token (NFT) is a unique digital asset that represents ownership of a digital asset, such as artwork or music.
Q. What is OpenSea Pro?
A. OpenSea Pro is a marketplace for buying and selling NFTs on the Ethereum blockchain. It is the largest platform, with over 4 million items listed and over $1 billion in trading volume since its launch in 2018.
Q. What is the potential for growth in the NFT market?
A. The potential for growth in the NFT market is immense, with the increasing interest and activity surrounding digital assets and digital ownership, and with major brands and celebrities entering the market.
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