OpenSea is actively seeking to transition into a cryptocurrency exchange aggregator

BlockBeats News, October 17th, according to Forbes report, NFT trading platform OpenSea is seeking to transition into a cryptocurrency exchange aggregator. The collapse of the NFT market led OpenSea to lay off over half of its employees, and by October 2023, OpenSea's monthly revenue was only $3 million, far below the peak of $125 million in January 2022.

OpenSea is transforming itself into a one-stop trading platform. Data shows that in the first two weeks of October 2025, OpenSea facilitated cryptocurrency transactions worth $16 billion and NFT transactions worth $2.3 billion, significantly higher than the total transaction volume of $142 million in May. In September, OpenSea announced that all NFT Strategy tokens are now live. NFT Strategy tokens combine NFTs and DeFi, managing assets related to a specific NFT collection through automated trading strategies to create value or yield for holders.