gm - August 3rd, 2022
gm 👋
Traditional markets looked relaxed, which is also allowing crypto markets to take a chill pill despite the Solana drama (again). BTC is up 1% to $23,275 on $40B of volumes. ETH rebounded and recouped all the losses from yesterday to back at $1650 on $19B of turnover. NFT/Metaverse names are strong, with $APE leading the way back to now $7.35, up 10% on the day. $MANA is +3%, $SAND +2% and $AXS +2.5%.
NFT volumes were $16M on the day, barely changed from yesterday. EVM-based NFTs were a light $12M, while Solana remained suspiciously at $1.7M even with the siphoning of SOL from seemingly random wallets. Many suspect the hack happened from nefarious NFTs airdropped into innocent users’ wallets, and unknowingly had a zero-day attack nestled neatly inside. OpenSea had a much lower turnover of $9M today, while LooksRare struggled to get $0.5M. Sorare leads the boards again with a $1.5M turnover as the Premier League starts soon, followed by La Liga and Bundesliga starting in September.
Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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NFT headlines for today!
OpenSea NFT Gifting Feature Raises Concerns About Mislabeled Transactions
Crypto users spent $2.7B minting NFTs in first half of 2022: Report
Planet of the Bored Apes: Inside the NFT world’s biggest success story
Hong Kong university to inaugurate mixed reality classroom in Metaverse
Ticketmaster scouts productization of enterprise NFTs beyond ticketing
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