Monthly active users on OpenSea surged to around 467,000 in May, marking a 44% increase from April and the highest count since April 2023.
The introduction of the OS2 platform has driven a surge in user activity, reviving optimism in the NFT collectibles space.
Despite NFT sales volumes being modest compared to previous peaks, transaction levels in April and May surpassed 2 million, indicating stabilization.
The growth in users and steady transaction activity on OpenSea indicate a rising community of engaged NFT collectors and traders, hinting at a potential market recovery.