OpenSea Surpasses 467K Monthly Users After Full OS2 Launch

• OpenSea records largest user base since 2023
• OS2 expands support for NFTs and tokens across 19 blockchains
• SEA token launch expectation attracts more users

NFT marketplace OpenSea once again attracted strong attention in May, registering 467.322 monthly active users — the highest number since mid-2023, according to reports data from Dune Analytics. The growth comes on the heels of the official launch of OS2, the new version of the platform, which left beta at the end of May.

While the number of users has increased, trading volume is still far from what was seen at historical peaks. In May, trading volume was $81 million, considerably lower than the more than $5 billion recorded in January 2022, when the NFT market was at its peak.

opensea is making one of the greatest comeback

since launching OS2, they've recorded a major surge in user activity.

marketplace share volume has increased from 16.7% – 37.9% clawing back market share from blur and magic eden pic.twitter.com/M6XklAbQmh

— Teamothy (@teamothy_x) June 9, 2025

The release of OS2 on May 29 helped boost engagement. The new version supports token and NFT trading across 19 blockchains, including integration with Solana’s fungible tokens. The system also introduced “Voyages,” an XP-based rewards program that rewards users for on-chain activity.

Prior to the official launch, OS2 has been in beta testing since January 27, 2025, accessible exclusively to holders of Gemesis NFTs — a collection launched by OpenSea in April 2023. The testing phase was essential for tweaking features before full release.

Part of the increase in user activity is also related to the anticipated launch of the platform’s native token, called SEA. While there is no official date yet, there is speculation that engagement with the platform could influence eligibility criteria for a future token distribution.

“I know you’re all waiting for me to answer the question ‘when is TGE?’” said Adam Hollander, OpenSea’s Chief Marketing Officer. “There are launches and innovations coming that will blow your mind. The Foundation believes it’s essential to have several of these in place before the token launch to ensure utility and longevity.”

The movement around OpenSea signals a new cycle of engagement in the NFT sector, even with trading volumes still subdued compared to peak times.