NFT Market Looksrare Surpasses Opensea’s 24-Hour Sales With $385 Million in Volume – Markets and Prices Bitcoin News

On Wednesday, Looksrare (a new NFT-based marketplace) surpassed Opensea for daily volume. According to statistics, 3264 traders who trade on Looksrare have made $385.39 Million in transactions in the past day. This is due to a 1,461% rise in the daily volume.

Looksrare NFT market takes number 1 position in terms of daily NFT volume

There’s a new Ethereum-based NFT marketplace called Looksrare and during the last day, it has surpassed Opensea in 24-hour volume. Opensea remains the most popular NFT marketplace by volume, with total sales of $14.68 million. The NFT marketplace Looksrare is new and hasn’t processed billions of dollars in sales.

NFT Market Looksrare Surpasses Opensea's 24-Hour Sales With $385 Million in Volume
NFT Marketplace statistics from & Dune Analytics were recorded Wednesday, January 12, 20,22 at 7:00 am (EST).

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 still new, it has an established name. buzzing on social media after the market beat Opensea’s daily trade volume. “The tragedy of complacency. Just like Mex during its heyday, Opensea probably succumbed to their inertia, comfortable in their established dominance,” the Twitter account dubbed “Hsakatweeted.

NFT Market Looksrare Surpasses Opensea's 24-Hour Sales With $385 Million in Volume
Dune Analytics statistics for the 12/12/22. Looksrare volume started to surge on Tuesday and the trend continued into Wednesday’s trading sessions as well.

Dune Analytics has also been used to generate charts that show the differences in NFT platform volumes. 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.

Looksrare has seen a rise in popularity due to the fact that it is giving away LOOK tokens for anyone who spends at least three ether on Opensea. Opensea’s leading NFT market does not offer a native token, so there is no official association for some of the tokens.’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.

This story contains tags
Daily volume, Data, Airdrops, Magic Eden Marketplace, Mobox (MBOX), NFT, Non-fungible Tokens, Opensea and Solana

Are you a fan of the NFT Marketplace Looks Rare? Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman is the News Lead for News. He also lives in Florida and works as a journalist covering financial technology. Redman is an active participant in the cryptocurrency community from 2011. Redman is passionate about Bitcoin and open-source codes. Redman is a prolific writer for News, with over 5,000 articles on disruptive protocols.

Images Credits: Shutterstock, Pixabay, Wiki Commons, Opensea, Looksrare,

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