OpenSea, the leading NFT marketplace, is showing signs of renewed momentum as its newly launched OS2 platform sparks the biggest surge in user growth since early 2023.
According to data from Dune Analytics, monthly active users on OpenSea climbed to approximately 467,000 in May, representing a 44% jump from April and the highest monthly count since April 2023.
Platform Upgrade Spurs Renewed Interest
The rollout of the OS2 platform—OpenSea’s latest overhaul aimed at improving user experience and marketplace efficiency—appears to be paying off. While NFT market volumes remain well below the euphoric highs of 2022, the uptick in user activity is rekindling optimism within the digital collectibles sector.
NFT Sales Volumes Hold Steady
Sales figures, while modest compared to peak bull market levels, show signs of stabilization. The number of NFTs sold in both April and May surpassed 2 million, matching levels last seen in February 2023.
This steady transactional activity, combined with a rise in monthly users, points to a growing base of engaged collectors and traders.
Market Implications
The rebound in OpenSea’s user metrics signals a potential early-stage revival of NFT market interest. Although volumes remain muted, increased participation may lay the groundwork for a broader resurgence as platform upgrades and improved infrastructure begin to gain traction.
As the NFT space awaits a possible shift in sentiment, OpenSea’s growth offers a rare bright spot in an otherwise cautious market.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/opensea-sees-highest-user-growth-in-over-two-years-amid-os2-rollout/