OpenSea's market share drops to 33%, with Ethereum NFT monthly trading volume in January less than half of Blur's

TechFlow reports, according to The Block data, OpenSea's market share has dropped from 90% in 2022 to 33%. In January 2025, its trading volume on Ethereum reached $152 million, less than half of Blur's $317 million during the same period. Previously, OpenSea laid off 50% of its workforce in November 2024 and shifted its strategic focus toward the OS2 platform.

Prior news: NFT marketplace OpenSea launched the beta version of its new OpenSea 2.0 (OS2) platform, featuring a redesigned user interface and an Experience Points (XP) system. According to an announcement on its official X account, a blockchain snapshot has been taken of 49,785 wallets holding Gemesis NFTs, granting these users priority access to the OS2 platform.

The XP points system introduced in the OS2 update resembles the user incentive mechanism of its main competitor Blur, allowing users to earn points by listing items, placing bids on collectibles, and submitting test feedback.