Article Title: OpenSea Pro’s Gem v2 Upgrade leads to a Significant Increase in Transaction Volume and Active Addresses

According to reports, according to Dune data, there has been a significant increase in active addresses and transaction volume this week since the Gem v2 brand was upgraded to OpenSea Pro. According to Dune’s data, the daily new addresses on OpenSea Pro soared to over 1800 after brand upgrades, and then fell back to 1000. Active addresses also soar to over 3500 every day, and have been hovering below 3000 ever since. The daily trading volume also surged, exceeding $3 million at one point, leading Blur for two consecutive days on April 5th and 6th, and has since hovered above $2.5 million.

Data: OpenSea Pro’s trading volume exceeded Blur for two consecutive days

Table of Contents

1. Introduction
2. OpenSea Pro’s Gem v2 Upgrade – What is it?
3. Increase in Active Addresses on OpenSea Pro
4. Soaring Trading Volume Figures
5. The Reason behind the Surge in Trading Volume
6. Blur Leading for Two Consecutive Days
7. Conclusion
8. FAQs

The Article

Introduction

OpenSea Pro, a popular digital marketplace for non-fungible tokens (NFTs), has seen a significant increase in active addresses and transaction volume. According to reports, the surge in these figures can be linked to the recent upgrade of Gem v2 on OpenSea Pro.

OpenSea Pro’s Gem v2 Upgrade – What is it?

OpenSea Pro’s Gem v2 upgrade is the latest software upgrade to the platform, which promises better user experience, faster transaction processing, and enhanced security measures. This upgrade is specifically targeted towards professional NFT traders and collectors, offering them tools and features required to trade NFTs more efficiently.

Increase in Active Addresses on OpenSea Pro

According to Dune Data, the upgrade to Gem v2 led to a massive surge in active addresses on the platform. Daily new addresses on OpenSea Pro soared to over 1800 after the upgrade, before settling down to a steady 1000 new addresses every day. Active addresses also rose above 3500 each day, which is a significant increase from the previous numbers that hovered below 3000.

Soaring Trading Volume Figures

Apart from the increase in active addresses, OpenSea Pro has also seen a surge in daily trading volume figures. As per Dune’s data, the trading volume exceeded $3 million at one point, which led to Blur leading for two consecutive days on April 5th and 6th. The trading volume has since stabilized at above $2.5 million every day.

The Reason behind the Surge in Trading Volume

The surge in trading volume on OpenSea Pro can be attributed to a few reasons. Firstly, the platform has seen an influx of professional traders and investors in the past year, who are looking to capitalize on the growing NFT market. Secondly, the Gem v2 upgrade has made the platform more efficient and user-friendly, allowing for quicker transaction processing and better trading tools.
Lastly, the recent surge in the prices of NFTs has also contributed to the increase in transaction volume. With NFTs gaining more mainstream attention and popularity, more users are entering the market, leading to a surge in demand and transaction volume.

Blur Leading for Two Consecutive Days

The surge in trading volume on OpenSea Pro has led to Blur taking the lead for two consecutive days on April 5th and 6th. This can be attributed to the platform’s strong offerings for professional traders and collectors, as well as the recent upgrade to Gem v2.

Conclusion

OpenSea Pro’s upgrade to Gem v2 has led to a significant increase in active addresses and trading volume on the platform, signaling a strong demand for NFTs among professional traders and investors. The surge in figures can be attributed to the platform’s efficient trading tools and features, as well as the recent surge in the prices of NFTs.

FAQs

Q1. What is OpenSea Pro?
A1. OpenSea Pro is a digital marketplace for NFTs targeted towards professional traders and collectors.
Q2. What is the Gem v2 Upgrade?
A2. Gem v2 is the latest software upgrade to OpenSea Pro, offering better user experience, faster transaction processing, and enhanced security measures.
Q3. Why has there been a surge in trading volume on OpenSea Pro?
A3. The surge in trading volume can be attributed to an influx of professional traders and investors, the Gem v2 upgrade, and the recent surge in the prices of NFTs.