OpenSea, a Miami-headquartered non-fungible token (NFT) marketplace, has recorded a noticeable rally in active users on its platform. This development expands the American company and marks a rebound in the activity surrounding digital collectibles.
OpenSea Monthly Trading Volume Active User Outlook
Data from Dune Analytics showed that OpenSea recorded 467,322 active users in May. These are those who made one or more transactions on the NFT platform. This marked the largest active monthly user base since mid-2023 and matched the levels observed in mid-2022 to early 2023.
The recent rally in OpenSea active users could be attributed to the official launch of OS2 and users’ potential reward expectations. The private beta for OS2 was launched in January 2025, with early access opened to the Genesis NFT holders. OS2 introduced a unique opportunity to explore new features like a new traits tab, an explore tab, and enhanced sorting tools.
It also provides feedback to improv
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