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As the largest trading platform during the NFT era, it accounted for 95% of the trading volume in the NFT market at its peak.

Opensea has completed 5 rounds of financing, with a total amount of 4.271 billion, and a peak valuation of up to 15 billion, making it the largest crypto project by scale currently.

However, in the current market, Opensea faces tremendous pressure:
· The popularity of the NFT market has gradually disappeared, leading to a sharp decline in Opensea's revenue.

· With Opensea withdrawing from the Solana NFT market, most of the market share has been eroded by Magic Eden.
· The token issuance by NFT trading platforms like Blur, LooksRare, and X2Y2 has further drained Opensea's market share.