We’re still in the first week of a brand new year but the holiday hangover hasn’t slowed down the NFT market on Ethereum, home to the largest marketplace for digital collectibles. According to data from Dune Analytics, trading volume on OpenSea exceeded $243 million on January 2, up from around $170 million on January 1 and $124 million on December 31, 2021.

This was the third most active day of trading ever recorded on the leading NFT marketplace till date and comes after several months of sluggish activity on the platform. Although trading volume failed to hit such highs since the ATH seen in August, December saw OpenSea record over $3 billion in terms of trading volume for the entire month.

In August, the marketplace had seen trading volume soar to over $3.4 billion, although activity had cooled down considerably in the following months. In November, OpenSea had registered a monthly trading volume of $2.37 billion.

One possible development that could be supporting the uptick in activity on OpenSea is its integration with Layer 2 Ethereum scaling solution, Polygon. The NFT trading volume of OpenSea on Polygon has been rising steadily over the past three months, touching a record high of $76.1 million in December.

What’s especially interesting about December’s trading volume is how it remained high despite the cryptocurrency market being weighed down by a bearish mood. Most of the leading coins were trading under key levels with only a few altcoins experiencing bullish breakouts in the past month.