OpenSea Pro Adds Pepecoin to Payment Method

OpenSea Pro, a dedicated platform for traders launched by popular NFT Marketplace OpenSEA, has announced that it will start accepting payments in Pepecoin (PEPE), a memecoin that has recently taken the cryptocurrency market by storm.

OpenSea Pro is a platform for institutional investors and high earners interested in buying or trading NFTs, providing high-performance tools for efficient transactions by correlating data with more than 170 markets. The platform supports different chains such as Ethereum, Polygon, Klayton, Solana, Assistrum, Optimism, Avalanche, and BNB. The main payment methods include cryptocurrencies such as ETH, SOL, AVAX, USDC, BNB, and DAI.

Since its launch on April 12, 2023, PEPE has aroused great interest in the encryption world. It has only been online for three days, and its price has increased by more than 21,000%. At present, Pepe has a market value of over 830 million US dollars, ranking 57th, and the number of holders has exceeded 100,000. Additionally, the Pepecoin ecosystem is growing from strength to strength, with over 53,000 people joining the official Telegram group and over 250,000 followers on Twitter.

However, the increased trading volume of PEPE on decentralized exchanges (DEXs) led to a sharp increase in Ethereum (gas) network fees. In the first week of May, the average Ethereum gas price exceeded 100 Gwei, the highest level since May 2022. This resulted in an increase in the reward ratio for Ethereum (ETH), reaching 8. 6% after the Merge.

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