OpenSea NFT fees soared 100% before SEA token release: What happened?

OpenSea will double its NFT transaction fee from 0.5% to 1% from September 15, 2025, when its SEA token will be officially released in early October. The OpenSea platform dominates the $6 billion NFT market and will use 50% of the new transaction fees to build a reward library, giving users more opportunities to win rewards such as blue chip NFTs and affect the distribution of SEA tokens. Despite the increase in transaction fees, OpenSea's participation has increased significantly in recent times, with daily trading volumes exceeding $2 million.