OpenSea Revenue Soars 202% Amid Shift to Token Trading Aggregator

2025-10-21 01:46

OpenSea has reported a 202% increase in monthly revenue, reaching over $25 million from token trading and $5.6 million from NFT trading. The platform is transitioning from a traditional NFT marketplace to a token-trading aggregator, now supporting 22 blockchains. CEO Devin Finzer announced plans to expand OpenSea's offerings to include perpetual trading and a revamped mobile app. In a strategic move, OpenSea is set to launch its SEA token in Q1 2026, with 50% of the supply designated for community distribution. Currently, the platform is distributing over $12.2 million in NFT and token rewards to traders. However, some users have expressed concerns in Discord about potential KYC requirements for claiming these rewards.

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