On August 28, OpenSea processed $9.34 million in NFT (non-fungible token) transactions, well below its May 1 peak of $2.7 billion, according to data from decentralized applications tracker DappRadar. The number of OpenSea users also plummeted to just 22,140 on Sunday (September 5) from nearly 60,000 in January, DappRadar data showed.
Source: NFT marketplace OpenSea’s trading volume nosedives 99%. Is the bubble bursting?