Looksrare is a new Ethereum-based NFT marketplace. It has overtaken Opensea in volume during the last 24 hours. Opensea, with its $14.68 billion total sales, is undoubtedly the largest NFT marketplace. NFT marketplace Looksrare hasn’t sold billions of dollars and is still relatively new.

However, 24-hour statistics show that Looksrare’s daily and hourly volumes have surpassed Opensea sales on January 12, 2022. Looksrare’s sales of $385.39 Million among 3,241 traders is less than Opensea’s 59.500 traders on Wednesday. Opensea’s 24 hour volume was $109.78million in sales on Wednesday morning at 7:00 AM (EST).

Although the marketplace is still new, buzzing on social networks after Opensea beat the daily trade volume of the market has made the name popular. The tragedy of complacency. Like Mex in its glory days, Opensea likely succumbed in the face of inertia.

Dune Analytics also allows users to create charts that highlight the volume between NFT platforms. One user created a ” Looksrare” set of charts which analyzes the daily and hourly volumes between NFT markets. To analyze Looksrare’s sales, other Dune Analytics users have created visual charts.

Looksrare is experiencing a surge of popularity because it is giving away LOOK tokens for anyone who has spent at least three ether on Opensea. There are some tokens that have been airdropped but not officially associated to Opensea users. However, the largest NFT marketplace does NOT have an official native token.

Dappradar.com’s NFT market data shows that Looksrare has an average sale of $108K per unit at the time this article was written. Other top NFT markets include Mobox with $1.29million in sales and Solana’s Magic Eden, which has $9.48m in sales. Mobox experienced an 87.08% increase in volume, while Looksrare saw the largest 24-hour percentage gains.