Seaport-Based NFT Protocol Hits 10 Million Transactions on OpenSea Ethereum Chain
According to the latest data of Dune Analytics, the total number of transactions on the OpenSea Ethereum chain based on the open source NFT protocol Seaport ha…
According to the latest data of Dune Analytics, the total number of transactions on the OpenSea Ethereum chain based on the open source NFT protocol Seaport has exceeded 10 million, reaching 10006368 so far, with a total transaction amount of about 3.647 billion US dollars and 1323582 independent users.
OpenSea Seaport has exceeded 10 million transactions on the Ethereum chain, with a transaction value of more than $3.5 billion
Interpretation of the news:
The latest data from Dune Analytics reports that the Seaport-based open source NFT protocol has achieved a milestone of over 10 million transactions on the OpenSea Ethereum chain. Since its launch, Seaport has been attracting more and more independent users, with a total of 1,323,582 according to the report.
The Seaport protocol is an integral part of the OpenSea ecosystem for NFTs, a platform that has revolutionized the way people buy, sell, and trade unique digital assets. The protocol enables developers to create their own custom smart contract templates and deploy them on the Ethereum blockchain. This means that creators can mint their own digital assets including art, music, and games, without using a middleman such as a gallery or record label.
The 10 million milestone was achieved over a relatively short period, as Seaport was only launched in 2019. This highlights the popularity and growth of NFTs and the overall blockchain industry.
The total transaction amount on the Seaport NFT protocol is equivalent to approximately $3.647 billion US dollars, which shows the value of digital assets within the NFT ecosystem. The transaction fees paid to the Ethereum network by users also contribute to the overall value that the blockchain industry provides.
This achievement is particularly significant because it demonstrates the power of open-source technology for democratizing access to the blockchain industry. By making tools like Seaport freely available, developers and creators can harness the potential of blockchain technology without expensive barriers to entry.
In conclusion, the milestone of 10 million transactions on the Seaport-based NFT protocol is indicative of the rapid growth and adoption of NFTs on the Ethereum blockchain. The Seaport protocol, as an open-source tool, has played a significant role in this growth, empowering developers and users alike to engage with the blockchain ecosystem in new and exciting ways.
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