A new non-fungible token (NFT) marketplace called Looksrare has surpassed Opensea in terms of daily volume on Wednesday. Statistics show 3,264 Looksrare traders have executed $385.39 million in sales during the last day, as the marketplace has seen a 1,461% increase in daily volume.
Looksrare NFT Market ranks first in terms of daily NFT volume
There is a new Ethereum based NFT market called Looksrare and in the last day it has outpaced Opensea in 24 hour volume. Of course, Opensea is the largest NFT market in terms of volume of all time with $ 14.68 billion in total sales. The NFT Looksrare market is new and has not handled billions of dollars in sales.
24-hour statistics show, however, Looksrare’s daily volume and hourly volume has surpassed Opensea’s sales on January 12, 2022. Looksrare has seen $385.39 million in sales among 3,241 traders, which is lower than Opensea’s 59,500 traders on Wednesday. Opensea’s 24-hour volume was $109.78 million in sales as of Wednesday morning at 7:00 a.m. (EST).
Although the market is new, the name has been buzz on social networks after the market exceeds OpenSea’s daily trading volume. “The tragedy of complacency. Much like Mex in her heyday, Opensea has likely succumbed to her inertia, comfortable with her established dominance, ”the Twitter account said.Hsaka” tweeted.
People also have created charts on Dune Analytics highlighting the volumes between both NFT platforms. For instance, one user created a “Looksrare VS Opensea” set of charts that analyzes daily and hourly volume between both NFT markets. Other Dune Analytics users have created visual graphs in order to analyze Looksrare’s sales.
One of the reasons Looksrare is seeing an increase in popularity is because the project sends LOOK tokens to anyone who has spent up to three ethers on Opensea. While there are a few airdrop tokens unofficially associated with Openea users, the main NFT marketplace does not have an official native token.
Dappradar.com’s NFT marketplace data indicates that the average sale on Looksrare at the time of writing is $108K per unit. Meanwhile, other top NFT markets today include Solana’s Magic Eden with $9.48 million in sales, and Mobox, with $1.29 million in sales. While Looksrare’s volume saw the biggest 24-hour percentage gains, Mobox saw an 87.08% increase.
