Trading volumes on OpenSea, the a16z-backed NFT marketplace, have spiked since early August.
Since the beginning of the month, the exchange has seen trading volume approaching $800 million. In July, the marketplace saw $284.2 million in trading volume, compared to $125.2 million in June.
The data shows the extent of OpenSea’s growth in recent days.OpenSea has traded around $10.8 million with a volume of around 20,000.
In comparison, the marketplace had $75 million in volume and nearly 80,000 trades. openSea has completed $1.17 billion (or 369,300 ETH) in the last 30 days.
Last month, OpenSea raised $100 million in funding, led by a16z, which values the company at $1.5 billion.