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Potential $OS airdrop calculations based on ME launch at $5B Fully diluted valuation
The exact total fees generated by OpenSea since 2020 are quite impressive However, we can infer some points:
- Magic Eden has generated over $250 million in platform fees since the launch of version 2 of their marketplace in early 2022
- In 2020, OpenSea's revenue was around $525,000 based on a 2.5% commission rate on a $21 billions transaction volume.
- By 2021, OpenSea's revenue from Ethereum fees alone was estimated at $365 million, with additional revenue from other fees potentially bringing the total to around $1.5 billion for that year.
- In 2022, it's suggested through an X post that OpenSea generated about $600 million in revenue.
Given these estimates:
- 2020: $0.525 million
- 2021: Approximately $1.5 billion
- 2022: Approximately $600 million
- 2023 Approximately $140 Millions
- 2024 ?
This sums up to an estimated total of about $2.240 billion in fees until 2023 that’s 10X magic Eden fees
So given the launch of me what do you think OpenSea price will be at TGE?
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