OpenSea lively addresses spike to new excessive after OS2 launch
OpenSea has seen a surge in lively addresses following the discharge of OS2 from its testing part. The quantity rose to ranges beforehand solely seen in early 2023, nevertheless its buying and selling quantity has remained low.
In accordance with knowledge from Dune Analytics, the platform noticed a 44% improve in its month-to-month lively addresses in comparison with the earlier month. In Might 2025, the NFT market noticed 467,322 customers who made a number of transactions.
The final time the platform reached that many customers was again in April 2023. The truth is, June is already exhibiting an analogous sample, with its present quantity already standing at 236,091 lively customers.
The sudden surge in customers could possibly be attributed to {the marketplace}’s current main replace, OS2. Launched in Might 2025, the platform improve allows merchants to buying and selling in each fungible and non-fungible tokens. Not solely that, the improve additionally removes the necessity to bridge or swap tokens.
Regardless of the soar in lively addresses, the information exhibits that it has barely made a distinction to the platform’s buying and selling quantity. In accordance with Dune analytics, OpenSea’s month-to-month buying and selling quantity for Might remains to be at $81 million, solely leaping by $21 million from the earlier month’s $60 million buying and selling quantity.
The quantity stays far beneath the platform’s earlier highs again in $5 billion again in early 2022. Even in June, the buying and selling quantity has not seen indicators of a revival, contemplating it has barely managed to mirror the lively handle improve. As of June 6, the buying and selling quantity stands at $24 million.
Ever for the reason that NFT market started declining in 2022, many merchants have begun to query whether or not NFTs are nonetheless related. Main NFT companies like Yuga Labs has chosen to promote their staple NFT manufacturers, reminiscent of CryptoPunks and Moonbirds to different companies.
Initially, OpenSea hoped the OS2 replace would increase NFT buying and selling on {the marketplace}, reviving the NFT commerce. Nevertheless at press time, it has not proven indicators of particular success but.