LooksRare, An OpenSea’s Rival, Had Over $100M Trading Volumn Just 1 Day After Launch
OpenSea may have finally found a genuine rival: LooksRare.
According to a Dune Analytics, this marketplace has seen $105 million in trade volume in the past 24 hours, resulting in platform fees of 613 ETH (almost $2 million) to be distributed tokens to $LOOKS stakers.
Zodd, co-founder of LooksRare, tweeted today on Twiter:
On January 10, OpenSea, the largest NFTs marketplace at the moment, recorded $169 million in trade volume, edging out LooksRare, which had $105 million daily volume on Tuesday.
Investors believe LooksRare has temporary influence at this point. A $LOOKS airdrop worth an average of $3,500 has been claimed by over 75,000 Ethereum addresses, and the token is on the verge of breaking into the top 200 cryptocurrencies by market cap, up 38% on the day to $3.58.
NFT traders have been clamoring for OpenSea to release a token and decentralize parts of its operations for a long time. Critics argue it’s a rent-seeking middleman in a decentralized environment because of its protecting IP, delisting hacked and exploited NFTs. Lately, OpenSea was estimated at $13.3 billion.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Hazel
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LooksRare, An OpenSea’s Rival, Had Over $100M Trading Volumn Just 1 Day After Launch
OpenSea may have finally found a genuine rival: LooksRare.
According to a Dune Analytics, this marketplace has seen $105 million in trade volume in the past 24 hours, resulting in platform fees of 613 ETH (almost $2 million) to be distributed tokens to $LOOKS stakers.
Zodd, co-founder of LooksRare, tweeted today on Twiter:
On January 10, OpenSea, the largest NFTs marketplace at the moment, recorded $169 million in trade volume, edging out LooksRare, which had $105 million daily volume on Tuesday.
Investors believe LooksRare has temporary influence at this point. A $LOOKS airdrop worth an average of $3,500 has been claimed by over 75,000 Ethereum addresses, and the token is on the verge of breaking into the top 200 cryptocurrencies by market cap, up 38% on the day to $3.58.
NFT traders have been clamoring for OpenSea to release a token and decentralize parts of its operations for a long time. Critics argue it’s a rent-seeking middleman in a decentralized environment because of its protecting IP, delisting hacked and exploited NFTs. Lately, OpenSea was estimated at $13.3 billion.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
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