gm - July 11th, 2022

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ETHUSD is softer 4% to $1150, trading below the $1200 line for the first time in 96hrs. Volumes picked up 25% to $11B as 30d realized volatility hovering just above 50v. NFT/metaverse tokens basically follow suit and drop 4–5% collectively, with $SAND dropping by 5.7% to $1.16. $LOOKS is flat at 32 cents with lower volumes of not even $8M. The overall crypto market looks to be drawn lower by $BTC’s move toward the psychological level of $20k, just at $20,556 now — some FUD over the weekend about Mt. Gox’s locked up Bitcoin finally breaking free, representing about $3B worth (137,000 BTC) to free float sometime in August.

EVM-based NFT volumes are just under $15M, with OpenSea representing ~2/3 of the volume in the past 24hrs of $9M turnover. Solana-based NFT turnover was a low of $1.3M while BSC-based NFT trading was about $340k in total. OpenSea’s average ticket size ticked up to $182, with the number of txn picking up 11% to 50,268 in total. LooksRare also saw a jump in volumes, crossing the $1M mark as average ticket sizes leaped to $2,143 on a lower number of txn.

Overall, Blue-Chips saw 174 txn with about $4.5M of turnover volume. Looking at individual projects, activity in BAKC subsided after yesterday’s massive jump in interest. Floor price is down 7.2% to 7.89 ETH, and the number of txn is down to 25, off from 127 the day prior. Interestingly, the number of owners has barely budged, with 5,566 unique owners, signifying those who are in the collection grabbed more. MAYC’s floor price is steady at 18.75 ETH but average txn prices ticked up to 22.55 ETH, a +12.7% from yesterday with 39 txn in total. BAYC also enjoyed a higher floor price move to 98.5 ETH, a whopping +8.1% in 24hrs on similar volumes to yesterday. MeeBits are having a nice run-up as the floor price rises to 5.23 ETH, a +16.8% move on a healthy number of txn of 60, and volumes above $1M.

Headlines for today:

Chinese Companies Now Require ID Verification to Trade NFTs

Believe it or not, metaverse land can be scarce after all

LimeWire is opening waitlist for its NFT marketplace

Messari report on Crypto x Real Estate & NFT tokens (requires subscription)

DeepNFTValue raises $4 million to expand beyond pricing CryptoPunks

July 11th Details

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