OpenSea recorded $2.6 billion in trading volume, with 90% activity driven by token trading
The American company for non-fungible tokens (NFTs) has announced that it will launch its own token. The company co-founder and chief executive officer, Devin Finzer, confirmed that the SEA, its native token, will be launched by the first quarter of 2026.
According to the official announcement, SEA is scheduled for Q1 2026, under the OpenSea Foundation, which will oversee distribution and community engagement. The firm confirmed that 50% of the total supply will be allocated to the community, with more than half of that community share will be distributed through the initial claim.
Moreover, at launch, 50% of OpenSea’s platform revenue will directly go toward buying back SEA tokens. This strategy is designed to support the token’s value and liquidity while reinforcing long-term ecosystem growth.
Finzer said, “$SEA isn’t the destination, but it’s a crucial moment everyone will be watching. You only get one TGE. While the Foundation is wrapping up the final details, we’re getting OpenSea ready.”
This month, the firm recorded $2.6 billion in trading volume, with 90% activity driven by token trading, highlighting its expansion beyond NFTs. In the first two weeks of October 2025, the startup company handled $1.6 billion in crypto trades and $230 million in NFT transactions.
Finzer also hinted at an imminent broader rollout aimed at bringing the on-chain economy to users’ phones. He revealed the company’s plans to introduce perpetual contracts (perps) trading, diversifying OpenSea’s functionality into derivatives markets.
Earlier, Finzer said that the goal is to make trading as intuitive as Robinhood. The firm seeks to offer fully custodial services, meaning users will be able to control their assets across chains.
OpenSea now offers users to trade any tokens, including NFTs, memecoins, or cryptocurrencies, across 22 blockchains. After seeing all these developments the firm has made so far and the ones underway, it is safe to say that OpenSea’s 2.0 vision is advancing.
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