OpenSea's OS2 launch has led to a 44% increase in monthly active users, with the platform now supporting 19 blockchains and offering a seamless experience for users to mint, trade, or swap assets. The launch has positively impacted blockchain ecosystems, with substantial NFT sales recorded. OpenSea's leadership remains focused on deepening connectivity with the web3 community and promoting a lean, crypto-native team approach.
OpenSea, a leading non-fungible token (NFT) marketplace, has seen a significant surge in user activity following the launch of its OS2 platform. According to data from Dune Analytics, OpenSea recorded a 44% increase in monthly active users in May 2025, reaching 467,322 users [1]. This marks the highest number of active users since April 2023, and it is a promising sign of a potential resurgence in the NFT market.
The OS2 launch, which occurred on May 29, has expanded OpenSea's capabilities significantly. The platform now supports token trading across 19 blockchains, including Solana's fungible tokens [2]. This cross-chain functionality allows users to mint, trade, or swap assets seamlessly, enhancing the overall user experience. Additionally, the new platform introduces a gamified rewards system called "Voyages," which incentivizes active participation through experience points (XP) [3].
Despite the surge in active users, trading volume on OpenSea remains relatively low. In May 2025, the platform's trading volume was $81 million, which is a substantial increase from the previous month's $60 million but still far below the peak of over $5 billion seen in early 2022 [1]. This discrepancy between user activity and trading volume is a notable trend that suggests a potential disconnect between user engagement and actual trading activity.
OpenSea's leadership is focusing on deepening connectivity with the web3 community and promoting a lean, crypto-native team approach. The platform's native token, SEA, is expected to be launched in the future, which could further incentivize user engagement and drive more trading activity [2]. The anticipation surrounding the SEA token airdrop has contributed to the recent surge in user activity, as users hope to gain eligibility for potential rewards [3].
The OS2 launch is a strategic overhaul of OpenSea's identity, aiming to transform it into a full-spectrum on-chain hub rather than just an NFT marketplace. This move is part of OpenSea's broader strategy to stay relevant in the evolving blockchain ecosystem [4]. While the immediate impact on trading volume is not yet significant, the increase in user activity and the expansion of blockchain support indicate a positive shift in the platform's trajectory.
References:
[1] https://crypto.news/opensea-active-addresses-spike-to-new-high-after-os2-launch/
[2] https://www.bitget.com/news/detail/12560604804384
[3] https://www.coinspeaker.com/opensea-active-users-count-growing-amid-native-token-buzz/
[4] https://cryptoslate.com/openseas-os2-launch-brings-44-increase-in-user-activity-amid-2-million-nft-sales/
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