American cryptocurrency exchange Coinbase has launched an NFT trading platform. However, there is nothing to brag about yet – only 121 transactions were made for the amount of $123,000 during the first day.
Statistics are not provided on the platform itself, but you can get an idea of trading volumes using the 0x protocol data, which is done Dune Analytics analysts. Interestingly, there were more than 8 million users on the “waiting list” to gain access to the Coinbase platform. However, it seems that only a small number of them were really interested in it – only 1,231 active users were recorded. That is, 0.014% of the waiting list.
User activity was also low – on May 5, 121 NFT transactions worth $123,000 were carried out using the 0x protocol. Moreover, a significant share was made by the sale of a token from the Doodles collection. For comparison, on the largest platform, OpenSea, the figure for the same day reached $173 million, and the day before, the trading volume exceeded $1 billion.
Users note that at the moment the Coinbase exchange is not too different from other similar platforms. It, like everyone else, requires connecting the user’s own wallet, and a commission must be paid for transactions. Perhaps the popularity will be higher when Coinbase connects integration with Mastercard fiat cards.
Recall that on April 20, the exchange provided users with test access to the Coinbase NFT platform.
Source: Bits
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