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January 21, 2022
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NFT Market Looksrare Surpasses Opensea’s 24-Hour Sales With $385 Million in Volume – Markets and Prices Bitcoin News

A brand new non-fungible token (NFT) market referred to as Looksrare has surpassed Opensea in phrases of each day quantity on Wednesday. Statistics present 3,264 Looksrare merchants have executed $385.39 million in gross sales over the past day, as {the marketplace} has seen a 1,461% improve in each day quantity.

Looksrare NFT Market Captures Number 1 Position in Terms of Daily NFT Volume

There’s a brand new Ethereum-based NFT market referred to as Looksrare and over the past day, it has surpassed Opensea in 24-hour quantity. Of course, Opensea is the most important NFT market in phrases of all-time quantity with $14.68 billion in complete gross sales. The NFT market Looksrare is new and hasn’t processed billions of {dollars} in gross sales.

NFT Market Looksrare Surpasses Opensea's 24-Hour Sales With $385 Million in Volume
NFT market statistics from Dappradar.com and Dune Analytics had been recorded on Wednesday, January 12, 2022, at 7:00 a.m. (EST).

24-hour statistics present, nonetheless, Looksrare’s daily volume and hourly volume has surpassed Opensea’s gross sales on January 12, 2022. Looksrare has seen $385.39 million in gross sales amongst 3,241 merchants, which is decrease than Opensea’s 59,500 merchants on Wednesday. Opensea’s 24-hour quantity was $109.78 million in gross sales as of Wednesday morning at 7:00 a.m. (EST).

While {the marketplace} is new, the identify has been buzzing on social media after the market beat Opensea’s each day commerce quantity. “The tragedy of complacency. Just like Mex during its heyday, Opensea probably succumbed to their inertia, comfortable in their established dominance,” the Twitter account dubbed “Hsakatweeted.

NFT Market Looksrare Surpasses Opensea's 24-Hour Sales With $385 Million in Volume
Statistics from Dune Analytics on 1/12/22. Looksrare quantity began to surge on Tuesday and the development continued into Wednesday’s buying and selling periods as nicely.

People even have created charts on Dune Analytics highlighting the volumes between each NFT platforms. For occasion, one consumer created a “Looksrare VS Opensea” set of charts that analyzes each day and hourly quantity between each NFT markets. Other Dune Analytics customers have created visible graphs in order to investigate Looksrare’s gross sales.

One cause Looksrare is seeing a surge in recognition is as a result of the mission is airdropping LOOK tokens to anybody who has spent as much as three ether on Opensea. While there are a few airdropped tokens unofficially related to Opensea customers, the main NFT market doesn’t have an official native token.

Dappradar.com’s NFT marketplace data signifies that the typical sale on Looksrare on the time of writing is $108K per unit. Meanwhile, different high NFT markets at present embody Solana’s Magic Eden with $9.48 million in gross sales, and Mobox, with $1.29 million in gross sales. While Looksrare’s quantity noticed the largest 24-hour share good points, Mobox noticed an 87.08% improve.

Tags in this story
Airdrop, each day quantity, knowledge, LOOK tokens, looksrare, Magic Eden, Marketplace, mobox (MBOX), nft, Non-fungible Token, Opensea, Solana

What do you consider the NFT market Looksrare? Let us know what you consider this topic in the feedback part under.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News concerning the disruptive protocols rising at present.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Opensea, Looksrare,

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