Opensea strongly returns to its leading position in the NFT market! The transaction volume soared nearly 5 times, and its native token $SEA made an indelible contribution.
Opensea, which had been behind its competitors, has now rebounded strongly with its amazing market share growth. In the past week, its share of transaction volume in the Ethereum NFT market has soared to 71.5%, a significant increase from 25.5% four weeks ago.
Opensea's counterattack is mainly due to its highly anticipated native token $SEA. Since the announcement of the issuance of $SEA tokens and airdrops on February 13, the platform's trading volume has grown rapidly, with an average daily trading volume reaching US$17.4 million, nearly five times the US$3.47 million five days before the announcement. The number of transactions on the platform has also increased significantly, with the average daily transaction volume soaring from 6,100 transactions before the announcement to 14,700, and user activity has significantly rebounded.
Although the specific airdrop time and details have not been announced, Opensea has confirmed that the $SEA token will be airdropped to active users and rewarded early users, aiming to build a long-term and stable community participation mechanism rather than short-term speculation. This is undoubtedly good news for old users who actively trade during the NFT boom in 2021.
It is worth mentioning that Opensea makes it clear that US users can participate in airdrops without KYC, which is in contrast to many regulatory-affected platforms.
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