OpenSea, a leading player in the NFT market, witnessed a resurgence in user activity during May, with over 467,322 active users marking its highest level since mid-2023. This increase was largely attributed to the full release of the OS2 update on May 29th. While this growth has been impressive, the platform’s monthly transaction volume of $81 million remains far below the early 2022 peak of $5 billion. This resurgence is due in part to multi-blockchain trading and integration into the Voyages system, allowing users to accumulate XP and participate in airdrop programs, which are anticipated to play a role in future SEA coin distribution. Analysis from Dune Analytics indicates similar user trends continuing into June with over 236,091 wallet transactions. OpenSea’s OS2 update has been tested by Gemesis NFT holders since January 27, 2025, expanding capabilities for trading and reward integration to a wider audience, contributing significantly to the platform’s momentum. Despite this influx of users, transaction volume failed to match the user numbers in May. However, the platform’s support for trading across 19 blockchains and the inclusion of altcoin Solana within the NFT space could expand liquidity channels and potentially drive future growth. The Voyages XP mechanism of OS2 is fostering user loyalty and extending engagement on the platform, contributing to a healthy user community that’s actively awaiting the SEA Coin AirDrop. While OpenSea’s team has confirmed they are working on several surprise innovations before the coin release, the platform continues to engage its users who are eagerly looking forward to receiving the SEA coin distribution based on their historical activity.