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Is OpenSea losing its leadearship?

  • December 2, 2022
  • 66 views

OpenSea is the main NFT marketplace, which traditionally leads in terms of sales and the number of collections that are available on the site.

Recently, however, increasingly less popular marketplaces/aggregators, like blur or gem, are starting to squeeze market shares and chunks of capitalization from the blue mastodon.

The website dune, which collected statistics and data on popular NFT marketplaces, will help us in this.

So by ETH volume OpenSea takes the first place by average values, but if you look at blur, there were days when their ETH volume exceeded OS volumes, not much, but still exceeded.

On November 26 and 27 blur had an average volume of 5755 ETH, while OS had 5538 ETH.

But looking at all other indicators, such as the number of visits, the number of sales, the distribution of volumes over a certain period and many others, we see that OS continues its dominance, often exceeding 60% of the total market.

The bright spot here is blur, which in the last 2 months has imposed a good competition on the market. If you look at the chart, you can see isolated flashes when OS stayed in second place in some metrics.

For us as consumers, this is good news.

First of all, we get competition in the market, which will mean progress, sooner or later one of the markets will become less interesting to the user and everyone will smoothly forget about it.

Besides, OpenSea here acts as an antagonist to blur, most people trade on OS not because of convenience, but because of habit and reliability.

Secondly, the competition will identify weaknesses that marketplaces will close as quickly as possible, which is also to the advantage of users.

Blur as a people’s marketplace enjoys considerable support due to its ability not to pay royalties. In favor of OS it can be said that it is still the most convenient to interact with, perhaps this is just out of habit.

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