Ronin Network Sees $5.4M in NFT Sales Volume on OpenSea
Ronin Network, an Ethereum sidechain focused on Web3 gaming, has soaked massive attention in the NFT marketplace, OpenSea. Current data from the blockchain analytics platform Dune shows a surge in NFT sales volume worth approximately $5.4 million from NFT users executing trades on the Ronin network via OpenSea.
So far, nearly 80,500 unique addresses have purchased at least one NFT on OpenSea through the Ronin blockchain. Daily unique buyers peaked at almost 34,000 on April 3rd, showing a sharp increase in user activity. Out of the total buyers, about 66,200 have gone beyond just collecting; they have also made at least one sale, signaling active trading within the ecosystem. The overall trading volume for Ronin NFTs on OpenSea has reached 7.8 million RON, reflecting strong engagement within a short time.
On-chain data also showed that Ronin Monke, Axie Infinity, Fishing Frenzy, Fableborne, and Moku ranked as the most traded NFT collections.
On March 25th, OpenSea introduced full support for the Ronin blockchain, enabling anyone anywhere to trade and launch Ronin NFTs. This update opened up a massive opportunity for creators on Ronin to reach a global audience. Using OpenSea Studio, creators can also mint and list NFTs, making bringing new projects to life more effortless.
The game-centric blockchain network owes its latest surge to various factors, such as increased user interest in OpenSea and Ronin’s established gaming community.
Interestingly, the latest development comes as OpenSea is making various moves to remain the leading NFT marketplace. Last month, the popular basketball-themed NFT project NBA Top Shot also launched on OpenSea. The team showed users how to transfer their Moments, Top Shot’s digital collectibles, from the Dapper Wallet to OpenSea. This helps NBA Top Shot reach a wider audience beyond its native platform.
The latest NFT sales volume highlights the growing demand for Ronin-based digital assets on the world’s largest NFT marketplace. It also stresses the liveliness of the NFT realm, hauling claims that the sector is dormant.
