OpenSea is regaining lost ground in the NFT market
Date: 2025-04-07 Author: Gabriel Deangelo Categories: BUSINESS
At the beginning of 2022, OpenSea controlled about 97% of the Ethereum NFT market. However, two years later, its share has significantly decreased, giving way to competitors. In the summer of 2024, the figure reached a minimum of 13%. However, over the past 10 months, OpenSea has gradually regained its share, and now its presence in the market exceeds 51%.
This growth is due not so much to the success of OpenSea itself, but to the problems of its main competitor, Blur. Since December 2024, Blur has shown a steady decline in trading volume, losing an average of 55% monthly.
OpenSea's dynamics over the same period were more mixed. From December 2024 to January 2025, trading volume decreased by 48%. However, February saw a 20% increase, likely due to the launch of the SEA token.
In March, both platforms saw negative results: OpenSea saw a 67% decrease in trading volume, while Blur saw a 62% decrease. Despite this, OpenSea has demonstrated its ability to adapt to market conditions, allowing it to gradually regain its lost ground.
