OpenSea co-founder announced on X(Twitter) that the marketplace handled $100M in trading volume in a single day, with 85% of that activity coming from token trades.
The post, shared on the social feed, said this surge came as OpenSea expands from NFTs into broader token trading. The move is backed by product plans, a push for mobile features, and a focus on linking decentralised liquidity with friendly trading tools.
OpenSea Posts About Volume
The co-founder framed the day as an early sign rather than a finish line. He said $100M is small next to the overall market but called it a starting point. He compared two ways to win in crypto: being first, which OpenSea did for NFTs, and being the best, which he says is their new aim for token trading.
He added that the team will add trading features, build a polished mobile app, and explore AI tools to improve trades. He closed the message with a short upbeat line: “gonna be a fun journey. for those who join us, sails up.”
Market Context
UnoCrypto reported that the NFT market cap has climbed to $9.3 billion and that figure is up 40% from $6.6B reported in July. The report links the rise in market value to a rally in Ether, since many leading NFT collections use the Ethereum chain.
The jump in numbers shows renewed attention to onchain assets and may help platforms that serve both NFTs and tokens.
What does this mean for NFT Marketplaces?
OpenSea’s pivot might alter user engagement with NFT marketplaces. OpenSea is also trying to hold users who want to trade different types of assets within the same platform.
If OpenSea simplifies the use of decentralised exchanges, it will likely attract users who are currently engaged in trade juggling.
Also Read: Snoop Dogg Sells 996K NFTs On Telegram In 30 Minutes, Earning $12M
Progress on the integration of new features will take time, as the company still needs to create dependable user tools, maintain a strong mobile app, and design good workflows.
The multitude of factors affecting the NFT market, including gas prices, demand, and the overall crypto market, will ultimately determine whether we see a return to active trading on the platform.
Shifting Legal Position
In the meantime, the NFT and crypto space is watching closely due to a marked shift in the legal standing of the space. OpenSea’s former product manager, Nathaniel Chastain, had his 2023 convictions of insider trading reversed, which also included wire fraud and money laundering allegations due to trades that were reported to have preempted OpenSea home page listings.
The implications of the Chastain case are likely to cause significant shifts on the operational side of how platforms manage content with respect to curator edits and internal trading.
Next Steps
OpenSea plans to roll out features in stages, and the team wants to layer user-friendly trading tools on top of decentralised liquidity. They also said they aim to bring AI into trading features, an area they feel is still young. The company is expected to share more concrete timelines as the work progresses.
OpenSea’s $100 million volume day also signals growth in token trading on a platform long known for NFTs. The market numbers from UnoCrypto and the legal update around Nathaniel Chastain add context to the shift.
Also Read: NFT Sales Jump 47.6% To $574M In July, Despite Several NFT Platforms Shutting Down