It appears that OpenSea is keeping up with January’s total volume of $5 billion by generating over $1.3 billion in total volume in the last seven days. According to statistics from Dune Analytics, the number of active users has plummeted by more than 30%. LooksRare, the market-closest place’s competitor, has generated around $3.49 billion in the last seven days, but wash-trading concerns have reduced its active trader count by 3%. A number of variables could be contributing to OpenSea’s overall decline in volume and drop-off in active traders. Nothing lasts forever, after all. On the other hand, the NFT market never ceases to surprise. Hape Prime Reached The Top Spot Hape Prime, a collection of 8,200 3D fashion-forward apes, debuted on the scene and quickly rose to the top of the total volume transacted charts in the last seven days. The project brought in more than $13.6 million in total sales and left a lasting impression on investors. It’s another thing if this impression was positive or negative. The collection immediately became a meme, but it still managed to raise overall volume sales by roughly 80% in just seven days. Other notable collections, such as Azuki and CloneX, decreased their totals at the same period. On January 31st, the daily average price of Hape Prime was 9.17 Ether. Now, it has plunged roughly 55% since the release, showing that traders may have believed the hype. It’s worth mentioning that there are ov...
