OpenSea, once a prominent NFT marketplace, has shifted to a multi-chain crypto trading aggregator amid a 90% volume plunge. CEO Devin Finzer leads the pivot towards supporting 22 blockchains. The NFT market capitalization dropped from $20 billion to $4.87 billion by October 2025. OpenSea’s revenue is now $16 million, driven by a 0.9% transaction fee.

The NFT sector’s decline forced OpenSea to lay off staff and adapt to a changing crypto landscape. Competitor Blur attracted traders with zero fees, impacting OpenSea’s market share. Finzer’s strategy shift to crypto aggregation has led to a resurgence, with $1.6 billion in crypto trades in October 2025.

Despite a NFT market slump, OpenSea’s resurgence has seen a surge in demand, handling over $2.6 billion in trading volume. The company’s evolution includes plans for a mobile app and an OpenSea token. NFT trading remains volatile, with intermittent signs of recovery driven by blue-chip assets like CryptoPunks and Pudgy Penguins.

Read more at Yahoo Finance.: OpenSea Reinvents Itself as Crypto Aggregator Amid 90% NFT Volume Crash