OpenSea has reclaimed its top position in the NFT marketplace despite a general downturn in sales across the sector. Currently, it commands over 40% of market trading volume, surpassing competitors like Blur and Magic Eden.
In the first quarter of 2025, NFT sales declined to 1.5 billion USD, reflecting a staggering 61% decrease from the previous year. Despite the drop, OpenSea significantly outranks its rivals in user engagement.
The launch of OpenSea’s OS2 platform has added features like Solana trading, enhancing its user base. Moreover, the conclusion of a regulatory investigation by the US SEC has allowed OpenSea to operate without disruptions.
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