Jan 24th 2022
It’s a good time to be an NFT whale
The NFT market on Ethereum is holding strong despite the broader market downturn over the last week. ETH may be down 25.5%, but the amount of ETH exchanged for NFTs in crown collections has stayed relatively consistent—and there’s a good reason for that.
Source: Dappradar
Over $4bn worth of NFTs have been traded on LookRare since the platform launched just sixteen days ago, and trading volume has continuously surpassed that of OpenSea—the NFT marketplace leader.
LooksRare has seen double the trading volume of OpenSea since it launched. However, comparing user and transaction counts over the same period paints a very different picture.