#Table of Contents

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

1. Introduction
2. Gem v2 Upgrade: What’s New
3. What is OpenSea Pro?
4. Active Addresses on OpenSea Pro Soar After Gem v2 Upgrade
5. A Surge in Daily Trading Volume
6. The Impact of the Gem v2 Upgrade on the NFT Market
7. The Future of OpenSea Pro and the NFT Market
8. Conclusion
9. FAQs

According to Reports, Active Addresses and Transaction Volume Soar After Gem v2 Upgrade on OpenSea Pro

The world of Non-Fungible Tokens (NFTs) is a rapidly evolving one. Recently, the upgrade of Gem v2 on OpenSea Pro has led to a significant increase in active addresses and transaction volume. According to Dune data, the daily new addresses on OpenSea Pro soared to over 1800 after the brand upgrade, and then fell back to 1000. Active addresses also rose to over 3500 each 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. In this article, we will explore the details of this upgrade and discuss its impact on the NFT market.

Gem v2 Upgrade: What’s New

Gem v2 is a protocol used on OpenSea Pro that allows users to trade NFTs. The upgrade brings new and exciting features, such as the ability to create custom stores, offer fractionalized ownership of NFTs, and allow users to bid on multiple items at once. Additionally, the upgrade introduces a new and improved interface, making trading on OpenSea Pro even easier and more enjoyable.

What is OpenSea Pro?

OpenSea Pro is a marketplace for NFTs that offers a wide range of tools and features to make trading easier and more efficient. OpenSea aims to provide a platform that is user-friendly and accessible to everyone, whether they are experienced collectors or new to the world of NFTs. OpenSea Pro offers tools such as analytics, custom stores, and support for ERC-1155, which allows users to trade fungible and non-fungible tokens on the same platform.

Active Addresses on OpenSea Pro Soar After Gem v2 Upgrade

Since the upgrade to Gem v2 on OpenSea Pro, the number of active addresses on the platform has increased significantly. This increase can be attributed to the new features and improvements brought about by the upgrade. With the ability to create custom stores, offer fractionalized ownership, and a new user interface, OpenSea Pro has become an even more attractive platform for NFT enthusiasts.

A Surge in Daily Trading Volume

The upgrade of Gem v2 on OpenSea Pro has also led to a surge in daily trading volume. The platform has seen consistent trading volumes exceeding $2.5 million, with a high point of over $3 million. The surge in trading volume can be attributed to the new features introduced by the upgrade, such as the ability to bid on multiple items at once. Additionally, the existing user base has been excited about the new features and has been actively trading on the platform.

The Impact of the Gem v2 Upgrade on the NFT Market

The upgrade of Gem v2 on OpenSea Pro has had a significant impact on the NFT market. With more users and increased trading volume, the platform has become more attractive to artists and collectors alike. This increased activity on the platform has led to a surge in demand for NFTs, as well as an increase in the value of existing NFTs. With the addition of new features and improvements, OpenSea Pro is quickly becoming the go-to platform for NFT enthusiasts.

The Future of OpenSea Pro and the NFT Market

The future of OpenSea Pro and the NFT market looks bright. With the ever-increasing popularity of NFTs, it is likely that we will see more platforms like OpenSea Pro emerging in the coming years. The upgrade of Gem v2 on OpenSea Pro has shown that there is a significant demand for NFT trading platforms that offer advanced features and user-friendly interfaces. As the market continues to grow, we can expect to see more innovations and improvements to existing platforms, making it even easier for people to buy and sell NFTs.

Conclusion

The upgrade of Gem v2 on OpenSea Pro has led to a surge in active addresses and daily trading volume on the platform. The new features and improvements introduced by the upgrade have made the platform even more attractive to NFT enthusiasts, leading to increased demand for NFTs and a surge in their value. The NFT market is rapidly evolving, and it is likely that we will see more platforms like OpenSea Pro emerging in the future, making it easier for people to buy and sell NFTs.

FAQs

Q1. What is Gem v2?

Gem v2 is a protocol used on OpenSea Pro that allows users to trade NFTs. The upgrade brings new and exciting features such as the ability to create custom stores, offer fractionalized ownership of NFTs, and allow users to bid on multiple items at once.

Q2. What is OpenSea Pro?

OpenSea Pro is a marketplace for NFTs that offers a wide range of tools and features to make trading easier and more efficient. OpenSea aims to provide a platform that is user-friendly and accessible to everyone, whether they are experienced collectors or new to the world of NFTs.

Q3. How has the upgrade of Gem v2 impacted the NFT market?

The upgrade of Gem v2 on OpenSea Pro has had a significant impact on the NFT market. With more users and increased trading volume, the platform has become more attractive to artists and collectors alike. This increased activity on the platform has led to a surge in demand for NFTs, as well as an increase in the value of existing NFTs.