Earlier this month, OpenSea became the first non-fungible token marketplace to host more than $10 billion in total transactions over its lifetime. Our latest chart shows that the marketplace, which is backed by Andreessen Horowitz, saw its volume shoot up to $3.4 billion in August alone, which is around 10 times higher than it was the previous month. 

Although this one-time spike has since subsided, transactions surpassed $2.5 billion in both September and October. My colleagues Kate Clark and Berber Jin wrote about how this red-hot growth is attracting investors, who have offered to take stakes in the company at a valuation of $10 billion or higher. That would be a huge increase from its most recent fundraising round just four months ago, when investors led by Andreessen valued it at $1.5 billion.