OpenSea OS2 exits beta phase, monthly user count hits new high since 2023

Last month, the monthly active users of NFT trading platform OpenSea reached their highest level since mid-2023. According to data from Dune Analytics, the platform had 467,322 users who made at least one transaction in May, a figure comparable to mid-2022 to early 2023. The number of active users in June is likely to be the same or even higher than in May, which has now reached 236,091.
Despite a pick-up in user interest in OpenSea, monthly trading volumes on the NFT platform remain well below the levels seen before the NFT market downturn in 2021 and early 2022. Despite trading volumes of $81 million last month, January 2022 saw a monthly peak of more than $5 billion.
The surge in active users can be attributed to the official launch of OS2 on May 29, and users' anticipation of potential rewards. The beta is only open to Gemesis NFT holders (94,757 NFT collectibles created by OpenSea in April 2023), and focuses on testing new features.