gm - July 22nd, 2022

gm 👋

Crypto markets were strong today, with ETHUSD +8% to $1625 on thinner volumes of $18B. BTCUSD is trading at $23600 right now with no change to volumes from yesterday of $53B. TradFi markets are flat overall, though tech stock earnings reports show how far into the recession we’re getting into — Twitter losing $344M and blames Elon for pulling out (claims it cost them $33M to prep deal) while Snapchat lost almost 1/3 of its market cap after dismal earnings from more competition, Apple margin squeeze and global macro. NFT/Metaverse names are mixed but for the most part, don’t have any standouts outside of $APE which is +4.5% on the day to $6.7.

EVM-based NFT volumes look flat day-over-day at $18.6M, while Solana-based NFTs were at $1.5M. $2.3M of the EVM-based volumes were driven by Isekai Meta, a new NFT project minting today with heavy hints of Ghibli Studios. OpenSea had a lower turnover day of $11.6M while LooksRare seems to only have printed $700k in the past 24hrs.

In Blue-Chip projects, BAYC was a healthy $2M on the day as the floor price holds around 93.5 ETH. Mutants had a low turnover of $735k, as floor price slowly drags lower to now just below 17 ETH. CryptoPunks back to normal with half-a-million volume day. Doodles saw the same amount of volumes, slightly softer floor price of 12.5 ETH.

Check out our Dune dashboard for details →


NFT Headlines to gawk at:

Ex-Coinbase Manager Among 3 Arrested on Crypto Insider Trading Charges

LinkedIn Founder Reid Hoffman Turns DALL-E AI Art Into Solana NFTs

Animoca Brands snags top-level executives from McKinsey, Tencent and Accenture

Bored Ape whale loses $150,000 of ETH in ENS listing fumble

Square Enix summons Meteor, launches its NFT project

DeFi Analytics Manager Zapper Adds NFT and DAO Dashboards

OpenSea Debuts Solana NFT Launchpad to Lackluster Demand

DeFi Incubator Cumberland Lab Comes Out of Stealth Mode

Awesome chart from Dispatch


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