OpenSea registered more than $476 million worth of Ethereum NFT trades on Sunday, May 1, following the late Saturday launch of the Otherside project. That’s according to figures culled from public Ethereum blockchain data by analytics platform Dune. The previous single-day record for OpenSea was nearly $323 million, set on August 29, 2021.
Otherside’s NFT virtual land plots, called Otherdeeds, have dominated NFT trading since the launch. According to CryptoSlam, the project has generated nearly $559 million worth of secondary market sales since Saturday evening.
That’s in addition to Yuga Labs’ initial mint, which yielded approximately $319 million worth of ApeCoin, an Ethereum-based governance token. All told, Otherside has already generated about $878 million worth of NFT sales volume in less than two days, although the price of ApeCoin has been sinking rapidly since Saturday.
Bored Ape projects are leading CryptoSlam’s list for NFT trading volume on secondary markets over the past seven days. The original Bored Ape Yacht Club collection is in second with $142 million, with the Mutant Ape Yacht Club just behind at nearly $125 million. The top-selling NFT project behind those is the Solana-based Okay Bears at $59 million over the past week.
The Bored Ape Yacht Club is one of the most popular NFT projects to date, yielding nearly $4 billion worth of trading volume to date across its various Ethereum profile picture collections. It has also pulled in numerous celebrity owners, provides holders with various benefits (such as free NFTs, including Otherdeeds), and grants owners IP rights to their owned images.
Yuga Labs sold 55,000 Otherdeed land plots via Saturday’s mint, offered another 30,000 for free to existing Bored Ape and Mutant Ape NFT owners to claim, and kept 15,000 additional plots for use by developers, partners, and ecosystem contributors. Another 100,000 plots will be released in the future, according to the official Otherside FBy Andrew Hayward (decrypt.co)