NFTs are back So? ! — Looking forward to OpenSea 2.0
In November, the NFT market ushered in significant growth, with total monthly sales reaching US$562 million, successfully surpassing October's US$356 million and setting a new high in the past six months. This shows that despite continued market volatility, demand for digital collectibles remains strong.
Statistics show that sales in November were the highest since May this year, when sales were $599 million. Although this figure shows that the market recovery momentum is obvious, there is still a gap from the full-year peak in 2024, indicating that the market has not yet completely returned to its peak state.
"Performance of Each Chain"
Ethereum Chain: NFT sales exceeded US$200 million, a new high since May this year, and continues to be the industry leader.
Bitcoin Chain: NFT sales reached US$185 million in November, a new high since June. The Ordinals protocol helped Bitcoin emerge in the NFT field.
Solana Chain: Cumulative sales of NFT exceeded US$6 billion, and transaction volume reached approximately 59.465 million, highlighting its high-throughput transaction advantages and market position.
💡Expectations for OpenSea 2.0
The popularity of the NFT market continues to rise, and OpenSea is preparing to launch version 2.0, which has attracted widespread attention. Community discussions and information leaks show that the new version may add a ranking and points system to provide more incentives for early users and active traders, further increase platform activity and promote the popularity of the NFT market.
👽Personally think
The NFT market performed strongly in November, but whether this trend can be maintained in the future will also depend in part on whether platform updates such as OpenSea 2.0 can bring continued innovation and user engagement.
The resurgence of the NFT market not only reflects continued interest from investors and collectors, but also reflects the booming development of the multi-chain ecosystem. However, while the market is recovering, it has not yet reached this year's peak.
