gm - August 28th, 2022

gm 👋

Bitcoin trades below $20k, sitting at $19,969 on low volumes of $19B. Ethereum is trying to hang on at $1500 but is at $1485 on extremely low volumes, even for a weekend, of $11B. August wraps up in 3 days, meaning we head into the historically volatile months of September/October for both crypto and TradFi markets.

NFT volumes were low as well, with $13M trading, $10M of it EVM-based NFTs and Solana-based NFTs at $1.3M. BAYC and related collections (MAYC, BAKC, and Otherdeeds) were collectively under $2M on the day. It's worth noting, floor priced NFTs of Azuki and Pudgy Penguins are increasingly being listed on Sudo swap.

Snapshot of Blue-Chip NFTs

Check out our Dune dashboard for details →


NFT headlines:

After $177 Billion in Investment, Why Do Metaverse Graphics Still Suck?

Reddit’s CEO Loves Blockchain Avatars, but He Isn’t Saying ‘NFT’

Slow day in news, so enjoy this short story!


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