According to an analysis by Cryptomonday.de, X2Y2 has processed $560M in volume in the past 30 days, while Opensea lags behind at $448.97M.
According to CryptoMonday.de CEO Jonathan Merry, “X2Y2 has been able to generate more excitement than any other NFT marketplace in recent memory. Their focus on delivering a great user experience, combined with their ability to get listed on major exchanges, has resulted in them taking the top spot in terms of volume. Its success is a sign that the NFT market is still in its early stages and that there is plenty of room for multiple marketplaces to succeed.”
Winning Growth Strategy
Earlier this year, X2Y2 joined Twitter, defining its strategy and roadmap and addressing the apparent comparisons to Opensea LooksRare, and OpenDAO. It plans to solve some of the infrastructure issues that have been plaguing the NFT market by offering a more decentralized solution. Opensea, on the other hand, has been having a tough time lately with centralized management and system downtime issues.
X2Y2 has always been a tough competitor for OpenSea and established itself early using an airdrop campaign. They gave away free X2Y2 tokens to users of the NFT marketplace, which was seen as a way to lure users away from the platform – and it seems to have worked, judging by the latest numbers.
What Next for X2Y2
With the X2Y2 platform seeing such success in a short period of time, it will be interesting to see how they plan to scale and grow in the future. At the moment, they are focused on continuing to build out their infrastructure and adding new features that will improve the user experience. The full story and statistics can be found here: X2Y2 NFT Market Place Uncrowns Opensea as Its 30-Day Volume Approaches $600M