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    Introduction

    OpenSea is the world's first and largest NFT marketplace. OpenSea is an online marketplace that allows users to purchase, sell, and trade non-fungible tokens via its website.

    OpenSea makes money from service fees. These fees are paid whenever a digital asset is successfully sold via the platform. In this article, we will examine OpenSea’s income from buying and selling NFT on the Polygon network. For this purpose, we use the new Polygon Flipside tables. Since the new Polygon Flipside tables start on June 6th, the results of the present work will also be extracted based on the same time period, i.e. from June 6th, 2022.

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    Summary

    In summary, in this article, we studied the total fees paid to Opensea by its users. Based on the results , the payment to Opensea has been made in four different currencies (Weth, USDC, DAI, and Revv). The results showed that Ethereum and Dai had the highest amount of fees paid to Opensea , followed by USDC and Revv. The results show that June 15, Opensea had the highest income and the lowest amount of fee was paid to it on June 24.

    Wallet that collects Opensea fees

    At the first step we should find all wallets that collect Opensea fees. Based on the results of Etherscan and SQL queries, two wallets have collected Opensea fees. These wallet addresses are:

    1- 0x8de9c5a032463c561423387a9648c5c7bcc5bc90

    2-0x5b3256965e7c3cf26e11fcaf296dfc8807c01073

    Opensea fees

    The table below shows the total fees paid to Opensea . Based on the data in the Flipside tables, NFT buying and selling in Opensea has been paid in four currencies, including DAI, USDC, Weth, and REVV. In the table below, the total amount of fee paid in this period of time is shown separately in four different currencies.

    The bar chart below also shows the amount of fees paid to Opensea in four different currencies and on different days.

    Daily paid fee (per USD)

    The last chart shows the amount of fees paid to Opensea in terms of USD. This chart is obtained according to the price of Ethereum and Revv and the sum of the dollar equivalent of these two currencies and two other stablecoins, i.e. Dai and USDC. As it is clear, the chart reached its peak on June 15th at more than $12,000. The overall trend of the chart in this time period is downward, although it has also reached local peals on several dates. The lowest amount of fee paid to Opensea was on the 24th of June, which was approximately $2,600 per fee.

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