gm 👋

Markets overall get a breather! ETHUSD jumps +2% over the past 24hrs to $1211 on slightly lower volumes of $16.7B. BTCUSD now trading at $20,775 as it continues to uncomfortably settle around the $20k level for the past 29 days. NFT/Metaverse-related tokens follow suit and are up 3~5% across $APE, $SAND, $MANA, and $AXS. $APE continues to trade around $4.50 and saw 25% fewer volumes over the past 24hrs of $376M.

EVM-based NFT volumes were $15M, 12% softer vs. yesterday’s $17M turnover. Solana-based NFT volumes remain under $2M of $1.6M, while BSC-based NFT volumes were $500k, a 54% drop in turnover. OpenSea saw $14.5M in volumes, adding a healthy $1M vs. yesterday. LooksRare was at $1.1M. It's worth noting CryptoPunks volumes are at a healthy $1.8M, continuing its momentum upwards after the historically significant top-5 purchase of punk 4464 selling for $2.6M.

***We are migrating from our usual sheet to a dashboard on Dune. Please bear with us as we sort out the usual data points! Check out the charts and data here → https://dune.com/lhagiimn/cyan-market-dashboard

NFT headlines for today:

NFT Platform OpenSea Announces Massive Layoffs, Letting Go 20 Percent of Employees

Kevin Rose’s PROOF Acquires Ethereum NFT Team Divergence

MoonPay bolsters team with hires from Cisco, Cash App and Coinbase

STEPN Announces Q2 Profits & Initiates Quarterly GMT Buyback & Burn

NFT volume sees yearly low in June, but first-time buyers remain consistent

Building for the Metaverse Generation

Rarify and BitGo Partner to Provide Investors with NFT Analytics and Help Them Gain an Edge

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One more day until TradFi markets close!

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