NFT marketplace Opensea saw a sharp increase in user activity ahead of the launch of the SEA token and the upcoming airdrop. In May 2025, the platform reached 467,000 active users—the highest number in two years.
At the same time, non-fungible token (NFT) sales increased, with 2.12 million transactions conducted in May, close to a 30-month high. These figures indicate a return of interest in the sector, despite continued low trading activity in monetary terms.
The main driver of growth was the launch of the updated platform version, OS2, on May 29. It supports 19 blockchains, enables token swaps, and offers an innovative rewards program. This update was part of the preparation for the public offering of the SEA token and stimulated user base growth.
NFT marketplace OpenSea has seen a sharp surge in user activity amid anticipation of the SEA token launch and airdrop. By the end of May 2025, the number of active users reached approximately 467,000 —the highest level in two years. The number of transactions also increased: approximately 2.12 million NFT transactions took place in the month, close to 30-month highs. These metrics indicate a return of interest in the segment, although dollar turnover remains subdued. :contentReference[oaicite:0]{index=0}
OS2: A technical upgrade that boosted metrics
The key catalyst was the release of the updated platform version, OS2 , on May 29. It announced support for 19 blockchains , added built-in token swaps , and launched a new user rewards program. The update is positioned as part of the preparation for the public offering of the SEA token and, judging by its dynamics, has helped expand the active user base. :contentReference[oaicite:1]{index=1}
Money is moving more cautiously: trading is still far from its peak
Despite rising user metrics, the platform’s turnover remains significantly below historical highs. In May 2025, OpenSea’s trading volume was estimated at approximately $84 million —a far cry from the peak of $5 billion in January 2021. The NFT market is still in the recovery phase, but positive activity trends increase the chances of further recovery. :contentReference[oaicite:2]{index=2}
What to expect next
Risks: The overall risk appetite in the crypto market and the dynamics of liquidity in the NFT segment continue to determine the potential turnover in dollar terms. :contentReference[oaicite:5]{index=5}
Short-term: Interest in the airdrop and TGE of the SEA token could support user growth and increase engagement in the OS2 ecosystem. :contentReference[oaicite:3]{index=3}
Medium term: If the team maintains momentum and continues to build functionality, OpenSea could gain a foothold among Web3 platforms even with moderate market volumes. :contentReference[oaicite:4]{index=4}
