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
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
Rarify and BitGo Partner to Provide Investors with NFT Analytics and Help Them Gain an Edge
One more day until TradFi markets close!
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