简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The highly anticipated nonfungible token (NFT) marketplace from U.S. crypto exchange giant Coinbase has been running in beta for a week, but sales figures lag way behind rivals.
Key Insights:
There has been just $300K in trading volume over the past week or so.
Rival NFT marketplace OpenSea has more than $100 million in daily volume.
Coinbase only granted access to a handful of customers on its beta platform.
It has been a little over a week since American crypto giant Coinbase launched its long-awaited NFT platform in beta. However, since that launch day on April 20, the platform has lagged significantly behind its rivals in terms of volumes and sales.
According to data from Dune Analytics, Coinbases NFT marketplace has had just 930 total transactions since it launched. The platform is powered by the 0x Project, which also provides the analytics data.
Lagging Behind Rivals
The data shows that April 28 was its highest day for transaction volume, which was a little over $100,000 for the period. Comparatively, rival platform and the worlds leading NFT marketplace OpenSea recorded $107 million in daily sales yesterday, according to Dune.
The total volume traded on the Coinbase NFT marketplace to date is $311,108, or 105 ETH. This is less than is traded on OpenSea every five minutes.
Other stats equally lacked luster for Coinbase, including the total number of unique buyers that tallied just 477. This is surprising since the site was inundated with registrations as millions of users signed up for access when it was announced. It has had less than a hundred new users signing up for the service per day since it started last week.
However, the low usage stats are likely to result from the fact that the company only gave access to a tiny number of the 3 million users on its waiting list.
There were also just 288 NFT sellers using the platform over the past week. Comparatively, OpenSea has had around 460,000 active traders so far this month.
The top trending collection on Coinbase NFT is Moonbirds, surpassing the wildly popular Bored Ape Yacht Club (BAYC) collection.
Coinbase stock (COIN) fell to an all-time low of $115 on Thursday, according to FXEmpire.
NFT Market Outlook
NFT market analysis platform Cryptoslam also reports that Moonbirds is currently the most popular collection in the NFT scene. There has been $88 million in seven-day secondary sales volume for the collection.
The Mutant Ape Yacht Club is in second place with $85 million in weekly sales, and its sister collection, BAYC, has seen $71 million in seven-day sales volume.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
eToro strengthens its Australian market presence with the $80M AUD acquisition of Spaceship, expanding its long-term savings and superannuation offerings.
OANDA Japan Inc., a subsidiary of the global online broker OANDA Corporation, has announced the termination of its Tokyo Server MT4 Discretionary Plan. The broker has notified its clients that the plan will no longer be available after December 13, 2024, marking a shift in the company's services for clients using the MetaTrader 4 (MT4) platform in Japan.
In the midst of the 2021 crypto and NFT boom, celebrities flocked to the burgeoning market of digital assets, promoting Non-Fungible Tokens (NFTs) as the next big thing. Fast forward to 2024, the glitter has faded, and many celebrity-endorsed NFTs have lost their allure. The question remains: what happened to celebrities’ NFTs, and why should this serve as a stark reminder for everyday investors?
Updated forex analysis shows USD weakness, focusing on key levels like EUR/USD, DXY bearish trend, and pivot points for major currency pairs.