gm 👋

Crypto markets are quiet on the first day of the year — Bitcoin is hanging at $16.5k and Ethereum is at $1195. No major newsflow to report! NFT volumes are around $17M, with ETH-NFTs at $12M and Solana-NFTs at $3.5M. The top three collections on the day are Otherdeed, MAYC, and BAYC, coming in with a combined $4M in volume across 700 trades. DeGod comes in next with $800k in turnover and Sorare sneaks into the top five with $500k.

Happy New Year!

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

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NFT headlines:

Tax-Loss Harvesting Platform Unsellable is Building ‘The World’s Largest Collection of Worthless NFTs

Donald Trump NFTs Lose Momentum, Declines 80% in 14 Days

NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week