gm - August 11th, 2022

gm 👋

Up-only continues in crypto markets after reacting to the latest CPI figures. BTC is +2.7% to $24,750 on slightly better volumes of $35B. ETH is +4.6% to $1916 on $24B as the ETH 2.0 merge on Goerli testnet completes without much drama. Coinbase faces an SEC probe over crypto yield and staking products —it told investors it has received “investigative subpoenas”.

NFT volumes crossed $25M with EVM-based NFTs seeing a $21.5M turnover and Solana-based NFTs at $1.7M. An unrevealed project called 8liens has taken the top slot today with $3.6M on speculation/flippers. Sorare was at $1.5M and CryptoPunks at $1M. Blue-Chip collections BAYC and MAYC were a collective $3M volume on the day, with both floor prices basically shifting lower, maintaining their pegged prices to USD as ETH rose. MAYC in particular getting buzz as a mega mutant changed hands at a whopping $3.9M price tag.

Blue-Chip NFTs on the day

Check out our Dune dashboard for details →


NFT headlines:

Fractional NFT Markets Slide 76% in Value in 7 Months, Diced-up Doge NFT Still Leads the Pack

OpenSea introduces new stolen item policy to combat NFT theft

New EU Law Will Regulate NFT Collections Like Cryptocurrencies

As CryptoPunks NFT Owners Get Commercial Rights, Yuga Hopes to Secure Their ‘Legacy as Artwork’

Crypto fans are paying more for NFT cars than real ones


Please let us know your thoughts at [email protected]

Buy an NFT now and pay later →