Main NFT market OpenSea noticed its highest variety of energetic customers since mid-2023 final month, however buying and selling quantity stays nicely beneath earlier market peaks.
OpenSea Reaches Highest Variety of Customers Since 2023
Based on Dune Analytics knowledge, 467,322 customers carried out at the very least one transaction on OpenSea in Might, just like the platform’s peak interval in mid-2022 – early 2023. June has already reached over 236,000 energetic customers, suggesting continued momentum.
Nevertheless, buying and selling quantity continues to be removed from the file ranges of 2021 and early 2022. In Might 2025, OpenSea recorded month-to-month buying and selling quantity of $81 million, nicely beneath the file quantity of over $5 billion in January 2022.
The rise within the variety of energetic customers is basically attributed to the official launch of OpenSea’s new model, OS2, on Might 29. The beta interval was open solely to Gemesis NFT holders (a group of 94,757 NFTs mined in April 2023) and targeted on testing the platform’s new options.
The beta section of OS2 began on January 27, 2025, and is now absolutely operational.
With the brand new launch, OpenSea customers can now commerce NFTs and tokens on 19 totally different blockchains, together with Solana’s fungible tokens.
The platform additionally introduced a brand new rewards system referred to as Voyages, which permits customers to earn XP (expertise factors) based mostly on their on-chain actions.
Alongside these developments, there’s additionally anticipation inside the group of a potential airdrop of OpenSea’s native token, SEA. Nevertheless, no official date has been introduced but.
“I do know you’re all asking ‘when is the TGE?’ (when will the token be launched?),” mentioned Adam Hollander, OpenSea CMO, “However we’ve quite a lot of surprises forward of us, new launches and improvements. It’s crucial to get these constructions in place earlier than we launch the token.”
Though OpenSea’s revival of its consumer base on this new period is noteworthy, plainly the NFT market nonetheless wants time to carry its general transaction quantity again to earlier ranges.
*This isn’t funding recommendation.
