OpenSea TGE Distribution Mechanism Revealed: Historical Trading Volume and Treasures Data Are Key, Wave 4 Coming to an End

OpenSea Foundation’s TGE preparation has entered a substantive phase. CMO Adam Hollander recently revealed that airdrop allocations will carefully consider users’ historical trading volume and Treasures data, and advised users to immediately link their wallets on the platform to fully preserve on-chain records. This move signifies that OpenSea is making final preparations for the upcoming token issuance, while also providing the community with clear participation guidance.

The True Logic Behind the Allocation Mechanism

Why Link Wallets

Adam Hollander’s advice may seem simple, but it actually paves the way for fair TGE distribution. The foundation needs to:

  • Track users’ complete on-chain history, including activity from dormant wallets
  • Establish a correlation between user identities and trading behaviors
  • Ensure the accuracy and completeness of allocation data

This means that users who have traded on OpenSea for a long time but have never linked their wallets now have the last opportunity window. The more complete the historical data the foundation can access, the fairer the distribution will be.

Two Key Allocation Factors

According to the latest news, the OpenSea Foundation will focus on two dimensions:

  • Historical trading volume: the scale and frequency of users’ transactions on the platform
  • Treasures data: accumulation status in the Rewards Program

This indicates that the allocation is not a simple equal split but is designed based on users’ contributions to the platform. Users with higher trading volume and participation in the Treasures program will receive a larger airdrop share.

OpenSea’s Actual Operational Data

Based on the latest figures, OpenSea’s business performance provides a solid foundation for this TGE:

Metric Data Explanation
Total Revenue $60 million Since January 2025
NFT Market Revenue $19.5 million About 32% of total revenue
Token Trading Revenue $41 million About 68% of total revenue
Token Trading Volume $5 billion Since January 2025
NFT Trading Volume $2.2 billion Since January 2025

This data shows that OpenSea has evolved from a pure NFT marketplace into a multi-asset trading platform, with token trading becoming the main revenue source. This provides strong commercial justification for the foundation’s token issuance and ecosystem incentives.

How Users Should Prepare

Immediate Action Checklist

  • Connect and link all active wallets on OpenSea, including those used historically
  • Ensure wallet on-chain transaction records are complete and verifiable
  • If holding Treasures, ensure data has been correctly recorded
  • Wave 4 airdrop is nearing completion—seize the final participation opportunity

Understanding the Wave Mechanism

The news mentions that the airdrop will be conducted in multiple Waves, with 50% of each round’s fees injected into the prize pool. This means:

  • Early participants may receive a more favorable allocation ratio
  • The Wave mechanism will continue until the official launch of the TGE
  • Subsequent participants will not completely lose opportunities, but ratios will be adjusted each round

Summary

OpenSea’s TGE allocation mechanism is moving from ambiguity toward clarity. By considering historical trading volume and Treasures data, the foundation aims to establish a contribution-based distribution system. The $60 million annual revenue demonstrates the platform’s real value, and token trading has become the primary revenue source. For users, the most important thing now is to complete wallet linking to ensure their on-chain history is fully recorded. Wave 4 is ending soon—this is the final preparation window.

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