Overview

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The general decline in interest in profile-picture NFTs has caused OpenSea to log its lowest trading volume for its Ethereum and Polygon-based collections. Data from Token terminal show that OpenSea’s NFT trading volumes have nosedived 33% over the past 30 days, now standing at $89 million. The platform’s weekly user However, the transaction volume of OpenSea based on Ethereum in May was $2.596 billion, which is a decline of roughly 25% from April’s value, and the number of monthly active users 2 de sept. de 2025 On OpenSea, the most prominent non-fungible tokens (NFTs) marketplace, NFT trading volume has significantly decreased, plummeting by 98% since its peak. As the As per Dune Analytics, OpenSea witnessed a staggering 25 percent decline in its Ethereum transaction volume in May from April. As seen in the above image, OpenSea’s OpenSea’s Ethereum NFT trading volume dropped another 12% in October, while collections like CryptoPunks and Art Blocks experienced steeper declines. However

Here's Why OpenSea Ethereum Transaction Volume Might Be Declining

Have you noticed a dip in OpenSea's Ethereum transaction volume? You're not alone. Several factors are contributing to this trend, and understanding them is key to navigating the evolving NFT landscape.

Declining Interest in Profile Picture NFTs (PFPs)

One significant reason for the decrease is the general decline in interest in profile-picture NFTs. This shift has directly impacted OpenSea, causing it to log its lowest trading volume for its Ethereum and Polygon-based collections.

Significant Drop in Trading Volume

Recent data paints a clear picture. Data from Token terminal show that OpenSea’s NFT trading volumes have nosedived 33% over the past 30 days, now standing at $89 million. This sharp decline highlights the challenges OpenSea faces in maintaining its position as the leading NFT marketplace.

May's Decline and Overall Trends

While fluctuations are normal, the numbers are compelling. The transaction volume of OpenSea based on Ethereum in May was $2.596 billion, which is a decline of roughly 25% from April’s value, and this decrease is part of a broader trend. As per Dune Analytics, OpenSea witnessed a staggering 25 percent decline in its Ethereum transaction volume in May from April.

Further Declines in October

The situation didn't improve across the board. OpenSea’s Ethereum NFT trading volume dropped another 12% in October, while collections like CryptoPunks and Art Blocks experienced steeper declines.

Broader Market Context: A 98% Drop from Peak?

Some reports suggest a dramatic market correction. On OpenSea, the most prominent non-fungible tokens (NFTs) marketplace, NFT trading volume has significantly decreased, plummeting by 98% since its peak. While this figure represents a substantial drop, it's important to consider the context of an overall market correction and evolving investor sentiment.

The Role of Active Users

Beyond just volume, keeping an eye on active users is crucial, although the full quote 'the platform’s weekly user' is incomplete in the provided data, monitoring these user stats is key for understanding the overall health of the platform.

Looking Ahead

The reasons for OpenSea's Ethereum transaction volume decline are multifaceted, ranging from reduced interest in PFPs to broader market trends. Understanding these factors allows investors and enthusiasts to make informed decisions and adapt to the ever-changing world of NFTs.

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