OpenSea, a prominent nft marketplace, recorded its highest monthly active user count since mid-2023 in May 2025. The platform saw 467,322 users complete one or more transactions during the month. This figure matches user activity levels last observed between mid-2022 and early 2023. Early June 2025 data shows momentum continuing, with current active users at 236,091, potentially on track to match or exceed May's total.
OpenSea Records Surge in Monthly Users
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OpenSea Records Surge in Monthly Users
The user spike aligns with the full launch of OpenSea's updated platform, OS2, which exited beta on May 29, 2025. The OS2 beta phase ran from January 27, 2025, initially restricted to holders of Gemesis NFTs, a collection of 94,757 tokens OpenSea created in April 2023.
With the full release, OS2 lets users trade tokens and nfts across 19 different blockchain networks, including support for fungible tokens on Solana. The Voyages rewards system now allows users to earn experience points (XP) through on-chain activities, designed to boost engagement on the platform.
OpenSea Records Surge in Monthly Users
Anticipation Builds Around SEA Token Launch
Alongside these developments, OpenSea has announced plans to launch its native token, SEA. No specific launch date has been provided, but platform officials have stated that several key features and innovations need to be in place before the token goes live.
OpenSea's Chief Marketing Officer, Adam Hollander, indicated in a recent blog post that the team is working to ensure the token will have sustained utility and relevance. The prospect of future rewards tied to platform engagement has raised user expectations for an airdrop of SEA tokens, likely contributing to the recent jump in active users.
OpenSea Records Surge in Monthly Users
Trade Volume Remains Below Peak Market Levels
Despite the rise in active users, OpenSea's monthly trade volume hasn't approached the high levels seen during the peak of the nft market in 2021 and early 2022. In May 2025, the platform recorded $81 million in trade volume, far below the over $5 billion monthly volume reported in January 2022. This gap reflects broader market trends, as the nft sector continues working through a period of adjustment following its earlier surge.
Final Thoughts
OpenSea's user base growth following the OS2 launch marks a significant moment for the nft marketplace amid a challenging market environment. While trade volumes remain subdued compared to previous years, the platform's expanded features and upcoming token launch reflect ongoing efforts to adapt and maintain engagement in the evolving web3 ecosystem.
