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Data: OpenSea's dominance in the NFT market dropped from 50% to 33% in 2022

2023-01-01 13:59:38
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According to ChainCatcher news, analysis by Cryptoslate shows that OpenSea's dominance in the NFT market dropped from 50% to 33% in 2022. Additionally, OpenSea's Gas usage on Ethereum also decreased from 20% at the beginning of the year to 9%; the number of NFT transfers fell from around 80,000 at the start of the year to about 60,000, a decline of approximately 25%.

The NFT market dominance metric is based on the ERC721 and ERC1155 token contract standards, calculating each NFT market's share of the total trading volume in the major NFT markets (OpenSea, LooksRare, Rarible, and SuperRare). (source link)

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