OpenSea Daily Swaps Plunge to Under $3 Million

The NFT marketplace recorded a sharp 99% decline in swap activity compared to volumes during the recent 'treasure chest' surge.

NFT

Summary

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Terms & Concepts
  • NFT marketplace: A digital platform where users can buy, sell, and trade non-fungible tokens.
  • Swaps: Transactions where assets are exchanged, often directly between parties without using traditional order books.
  • Treasure chest hype: A recent surge in trading activity linked to OpenSea promotions involving digital collectibles.