CryptoSlate checked the data information of Glassnode to assess the performance of OpenSea in 2022, and saw that the dominance of the market decreased from 50% in January to 33%.

At the beginning of this year, OpenSea accounted for 20% of the total use of ETH natural gas. This share fell to 9 per cent throughout the year. In 2022, the total number of NFT transfers in this market also decreased by 25%.

NFT transaction (by share)

The following shows the total number of transactions related to NFT interaction in the Ethereum network based on the measured share percentage.

This indicator value includes ERC721 and ERC1155 token contract specifications for transactions in key NFT markets (OpenSea, LooksRare, Raible and SuperRare). Data information has gradually started from the beginning of this year, representing equityThe special color of each NFT market.

The pink area represents the industry leading NFT market OpenSea. It can be learned that OpenSea's market share at the beginning of this year is about 50%. However, the dominance of the market gradually weakened at the end of May, which was about 33% at the end of this year.

NFT transmission count

The NFT migration count in the market represents the total number of NFT transfers received according to ETH or packaging Ethereum (wETH). This indicator value only contains the data information of OpenSea and LooksRare since the beginning of this year.

OpenSea's accounts also experienced a similar decline. According to the data, OpenSea had about 80000 transmissions in the first year, and it declined slowly throughout the year. As of December 31, OpenSea has generated about 60000 transmissions, which means 25% fewer transmissions.

NFT gas application

The NFT gas demand measurement calculates the percentage share, which indicates the relative amount of gas consumed by Ethereum Internet due to transactions with NFT.

OpenSea's decline can also be seen in its share of natural gas use. This market accounted for 20% of the total natural gas demand at the beginning of this year, and achieved a significant decline, thus reaching 9%.