OpenSea token trading volume hits a new low, market trend draws attention

LiquidityHunter · 2026-01-21T13:06:31+00:00

According to Dune data dashboard, OpenSea's token trading volume has significantly declined, dropping from approximately $1 billion in October to $100 million, a decrease of over 90%. Nevertheless, token transactions still account for 70%-85% of its total trading volume, indicating its importance within the platform and reliance on the token trading ecosystem. In comparison, NFT transactions amount to less than $30 million per week, reflecting a difference in market enthusiasm.

LiquidityHunter

2026-01-21 13:06:31

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According to the latest statistics from the Dune dashboard, OpenSea’s token trading performance has shown a clear downward trend in recent periods. Once reaching a weekly high of approximately $1 billion in October, it has now fallen back to around $100 million, a decline of over 90%. This change has attracted widespread attention in the NFT market.

The Data Behind the Trading Pressure

OpenSea’s token trading volume has significantly declined, but the platform still maintains an important position in the market. According to data, token transactions currently account for 70%-85% of OpenSea’s total trading volume, indicating that this type of trading remains the platform’s core support. Even under trading pressure, token trading continues to be the main trading category for OpenSea users.

Token Trading Still a Platform Pillar

In comparison, OpenSea’s weekly NFT trading volume is even more sluggish, falling below $30 million. This reflects a significant difference in trading activity across different asset classes in the market. Despite the sharp decline in token trading volume, its proportion within the platform remains dominant, which also indicates that OpenSea’s reliance on the token trading ecosystem remains high.

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