Seaport on OpenSea: 10 Million Transactions and Counting

03/05/2023 00:37 • Tech Trends • 95 views

According to the latest data of Dune Analytics, the total number of transactions on the OpenSea Ethereum chain based on the open source NFT protocol Seaport has exceeded 10 million, reaching 10006368 so far, with a total transaction amount of about 3.647 billion US dollars and 1323582 independent users.

OpenSea Seaport has exceeded 10 million transactions on the Ethereum chain, with a transaction value of more than $3.5 billion

Analysis based on this information:

The latest data from Dune Analytics reveals that the total number of transactions on the OpenSea Ethereum chain based on the open source NFT protocol Seaport has surpassed 10 million. As of now, the total number stands at 10006368 with a total transaction amount of about 3.647 billion US dollars and 1323582 independent users.

This news marks a significant milestone for the Seaport NFT protocol, a rising star in the world of non-fungible tokens. In simple terms, non-fungible tokens are unique digital assets that are stored on a blockchain network, and Seaport is one of the protocols that enables such assets to be created, traded, and owned.

To understand the significance of the 10 million transaction milestone, it’s worth noting that only a few years ago, NFTs were a niche market, with limited use cases and relatively low trading volumes. However, with the rise of Ethereum-based marketplaces like OpenSea, the demand for NFTs has skyrocketed, fueled in large part by the surge in interest in digital art, music, and collectibles.

Seaport has played a significant role in this trend, offering an accessible and user-friendly platform for creators and collectors alike. Its open source approach has also made it a popular choice for developers looking to build NFT-based applications and services.

The 10 million transaction milestone is a testament to the growing popularity of Seaport and the wider NFT market. However, it also highlights the challenges that come with such explosive growth, such as scalability, security, and sustainability. As more and more transactions take place on the Ethereum network, these issues will need to be addressed to ensure that the platform can continue to support the demands of the market.

In summary, the latest data from Dune Analytics confirms that Seaport is a key player in the rapidly growing NFT market, with over 10 million transactions and counting on the OpenSea Ethereum chain. While this is an impressive achievement, it also highlights the need for continued development and innovation to ensure that the market can sustain its growth in the long term.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/03/05/seaport-on-opensea-10-million-transactions-and-counting/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.