Looking at daily active users, OpenSea maintains a dominant position and accounts for 57% of NFT users today. Blur trails behind with a 26.2% share, while the remaining marketplaces collectively contribute 16.8% to the user market share.
Notably, the recently launched OpenSea Pro captured 8.8% of the daily active user share in less than 2 months, overtaking existing competitors such as X2Y2 and LooksRare. Given the nascency of the new OpenSea Pro platform, we will be closely monitoring OpenSea Pro’s growth and adoption rates and expect daily active user share to increase as they roll out incentive programs and onboard more advanced OpenSea traders to utilize the platform.
