Catenaa, Wednesday, June 25, 2025- NFT marketplace OpenSea reported its largest monthly active user base since mid-2023 following the full launch of its OS2 platform, signaling renewed interest despite lower trading volumes compared to past peaks.
In May, OpenSea recorded 467,322 active users who conducted one or more transactions, data from Dune Analytics shows. June’s user activity is tracking similarly strong, with over 236,000 users already engaged.
This surge follows OS2’s official launch on May 29, after a beta period that began in January exclusively for Gemesis NFT holders.
OS2 expands user access by enabling NFT and token trading across 19 blockchain networks, including Solana’s fungible tokens. The upgraded platform also introduces Voyages, a rewards system awarding experience points for on-chain activity, aiming to increase user engagement.
Despite growing user numbers, OpenSea’s trading volume remains well below its 2021 and early 2022 peaks. May’s volume hit $81 million, a fraction of the $5 billion monthly high seen in January 2022 amid the NFT boom.
Users are eagerly awaiting the launch of OpenSea’s native token, SEA, with speculation that platform engagement could influence eligibility for future airdrops. OpenSea’s Chief Marketing Officer Adam Hollander emphasized the team’s focus on establishing solid utility before releasing the token.
