gm - August 2nd, 2022
gm 👋
Crypto markets trade softer on the day after everyone wakes up to another bridge hack, this time Nomad Bridge had $200M in crypto assets drained from its pools. BTCUSD is a touch lower -1% to $22,800 on $35B volumes, much lower than the average from last week. ETHUSD is -4.2% to $1577 on $18B, in-line with volumes last week. NFT/Metaverse names are also lower on the day, outside of $APE, which is flat at $6.70. $SAND, $MANA, $AXS, $LOOKS all down 4–5%.
Overall NFT volumes on the day were $17M, with EVM-based turnover at $12.7M, while Solana-based turnover at $1.8M. OpenSea volumes were up to $14M, with LooksRare actual volumes sitting at $0.4M. Art Blocks had a $1M day and CryptoPunks had some carry-over volumes from yesterday of $0.5M.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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Headlines for NFTs today!
CryptoPunk Ethereum NFT Sales Jump 248% After Tiffany Launch
July NFT data wrap: Investor interest in gaming, NFTs continued despite market downturn
Ticketmaster scouts productization of enterprise NFTs beyond ticketing
Hong Kong University of Science and Technology to Build Metaverse Campus
Muse’s New Album Will Be the First NFT to Impact the UK Music Charts
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