Ethereum NFT Market OpenSea Hits Best Day in a Month as CrypToadz Sales Surge

Sales of NFT collectibles ticked up over the weekend, as leading marketplace OpenSea recorded its highest single day of trading volume in nearly a month. Leading the charge this time around are pixel-based toad avatars, which are suddenly coveted by collectors.
OpenSea notched $136.8 million worth of NFT trading volume on Sunday, per data from Dune Analytics, marking the highest single-day tally in nearly a month—since hitting $138.5 million worth on September 5. Trading volume has been trending upward on the marketplace over the last week following wider declines throughout much of September.
The Ethereum-based marketplace surged to new peaks in August, amassing nearly $3.5 billion worth of trading volume for the month—a more than 10x rise over July, which had been its previous best month to date. August’s surge included a single-day record of nearly $323 million worth of NFT trading on August 29.

September’s figures sank from those towering highs, and top collections like Art Blocks and Bored Ape Yacht Club likewise saw less trading last month—as did popular projects that don’t trade on OpenSea, such as CryptoPunks and NFT game Axie Infinity. An NFT acts like a deed of ownership for a digital item, whether it’s an image, video file, or something else entirely.
Despite some recent doom-and-gloom chatter around the declining market, OpenSea’s final numbers actually weren’t far off of August’s, with more than $3 billion between both Ethereum and Polygon-based sales. All the while, there have been top-dollar NFT sales—such as an Art Blocks “Ringers” NFT that sold for $6.9 million worth of ETH on Saturday—while prominent new NFT collections are still dropping and selling out.

Read the full article from here- https://decrypt.co/82564/ethereum-nft-market-opensea-record-cryptoadz-sales-surge?amp=1