#The Impact of OpenSea Pro Upgrade on Gem v2: Active Addresses and Transaction Volume Soar

According to reports, according to Dune data, there has been a significant increase in active addresses and transaction volume this week since the Gem v2 brand was upgraded to OpenSea Pro. According to Dune’s data, the daily new addresses on OpenSea Pro soared to over 1800 after brand upgrades, and then fell back to 1000. Active addresses also soar to over 3500 every day, and have been hovering below 3000 ever since. The daily trading volume also surged, exceeding $3 million at one point, leading Blur for two consecutive days on April 5th and 6th, and has since hovered above $2.5 million.

Data: OpenSea Pro’s trading volume exceeded Blur for two consecutive days

As per the latest reports from Dune data, OpenSea Pro has initiated a significant increase in active addresses and transaction volume since its upgrade of the Gem v2 brand. After the upgrades, there has been a noticeable surge in daily new addresses, active addresses, and daily trading volume. Let’s dive deeper into the impact of OpenSea Pro’s upgrade on Gem v2.
##Understanding OpenSea Pro and Gem v2
OpenSea Pro is a marketplace exclusively designed for non-fungible tokens (NFTs). It is a secure and decentralized platform that allows users to buy, sell and discover NFTs from across various networks. On the other hand, Gem v2 is a digital communication platform that facilitates the exchange of NFTs amongst users on the OpenSea Pro marketplace.
##The Impact of OpenSea Pro Upgrade on Gem v2
As per Dune’s data, the daily new addresses on OpenSea Pro soared to over 1800 after the brand upgrades, and then fell back to 1000. This indicates an increase in new users exploring the platform, which might lead to higher engagement and adoption rates. Active addresses also surged to over 3500 every day, which is a significant increase from the numbers that hovered below 3000 ever since. It indicates a positive response from users to the upgraded Gem v2 brand.
Besides, the daily trading volume also experienced a surge, exceeding $3 million at one point. It led Blur for two consecutive days on April 5th and 6th, and has since hovered above $2.5 million. This implies that the platform upgrade drove higher transactions on the platform, indicating increased trust, and excitement about NFTs.
##Reasons for Increased Active Addresses and Transaction Volumes
Several reasons may have contributed to the increased active addresses, and transaction volumes on the OpenSea Pro platform. The primary reason is the upgrade of the Gem v2 brand. With a more robust and user-friendly interface, users might have become more inclined to explore the platform and start trading. Besides, the rising popularity of NFTs might have led to a growing interest in the OpenSea Pro marketplace, which, in turn, spearheaded these numbers.
##Conclusion
The upgrade of the Gem v2 brand on OpenSea Pro has a remarkable impact on the platform, indicating a significant surge in active addresses and transaction volumes. The increase in new and active user numbers is a positive indication of the potential of NFTs and the OpenSea Pro marketplace. The rise in daily trading volumes also suggests increased trust, excitement, and adoption rates for the platform.
##FAQs:
1. What is OpenSea Pro?
OpenSea Pro is a decentralized marketplace that allows users to trade and discover non-fungible tokens (NFTs).
2. What is Gem v2?
Gem v2 is a digital communication platform that facilitates NFT exchange amongst OpenSea Pro users.
3. What is the significance of the OpenSea Pro upgrade on Gem v2?
The OpenSea Pro upgrade on Gem v2 has had a positive impact on the platform, indicating a surge in active addresses, transaction volume, and new user registrations.