Non-fungible token marketplace (NFT) OpenSea continues to impress in the new year, with adoption and trading metrics on the rise.
The NFT giant has reached a new milestone in terms of the number of active users on the platform.
Data from Dune Analytics on Thursday, January 13, 1, indicates that OpenSea has now surpassed one million active user wallets on the platform.
The milestone is the latest sign of OpenSea's continued growth in the early days of 2022, following a massive expansion last year.
The news comes shortly after reports that the platform has hit over $2 billion in trading volume since early 2022 and possibly a new all-time high in terms of monthly trading activity. .
Earlier in January 1, company co-founder Devin Finzer announced that OpenSea had raised $2022 million in a Series C funding round.
This brings OpenSea's market valuation to a staggering $13,3 billion, a significant jump from its $1,5 billion valuation in July 7.
OpenSea's stormy start to 2022 is also in line with the level of activity associated with NFT, with popular collections such as CryptoPunks and Bored Ape Yacht Club continuing to attract great interest.
While the platform's dominance is still second to none, OpenSea could face some competition from emerging companies.