gm - July 18th, 2022

gm 👋

Green handles everywhere and CT is a buzz with excitement again. It's a relief after weeks of sideway action and nothing but doom scrolling everywhere. ETHUSD has another solid day up, trading just under $1500 as I type, a +11% in the past 24hrs on $22.4B volumes. BTCUSD is hanging just above $22k, a proper +7% move after being pretty mute over the past 48hrs. Earth-shattering moves from NFT/Metaverse related names — $APE, up 20.5% to $6, with $SAND following behind at +12.7% on the day to $1.33. $AXS and $MANA are both up +9%. $LOOKS shoots up +19% to 47 cents.

EVM-based NFT volumes are up, at $18.1M in turnover over the past 24hrs, with Solana-based NFT volumes bouncing back almost +50% to $3M. OpenSea seeing $13.1M and LooksRare is at around $1M — apologies, this data is delayed some due to jank APIs. CryptoPunks seeing strong volumes once again, with $1.8M changing hands today.

Looking at individual projects, Otherdeeds leads the board with $1.9M in turnover as the excitement from the first demo plays continues to circulate. BAYC slows down some with $1.3M in volumes, with the floor price softening to 94 ETH, adjusting for the ETHUSD bump up to keep the USD-pegged price roughly the same. MAYC volumes are $650k, with floor price steady at 18.5 ETH. Separate to the Blue-Chip PFPs, ENS volumes are relaxed today with a $209k turnover, although questions flying around now for ‘when 1 or 2 char ENS names’.

Checkout our Dune dashboard for details →


NFT Headlines to start the day:

Ethereum’s Merge Projected for September According to ‘Soft’ Timeline

Yuga Labs Opens Otherside for ‘First Trips’ in Bored Ape Metaverse

Axie Infinity: Re-engineering its destiny in the GameFi landscape

2 Months of Running With NFT Fitness App Stepn

NFTs have the potential to become media companies, Rarible co-founder says

How 99-year-old publisher Time is leading legacy media into the NFT future

GameStop NFT Marketplace Takes Two Days To Pass Coinbase NFTs In Sales Volume: Could Launch Be Underestimated By Market Experts?


Please let us know your thoughts at [email protected]

Buy an NFT now and pay later →