gm - July 23rd, 2022
gm 👋
Cypro markets are softer in the past 24hrs, with ETHUSD down 6.4% to $1520 on lower volumes of $16B. BTCUSD is also lower by 5.6% to $22300, on much lower volumes of $38B. NFT/Metaverse-related tokens are mixed, however, with $AXS leading the way, up +11% to $17, and $MANA +5.8% to $0.98. $APE, $SAND, and $LOOKS are flat on the day.
EVM-based NFTs saw volumes of $16.6M, down from the steady $18M+ days this past week. Solana-based NFT turnover was healthy at $1.8M. OpenSea was ~90% of the volume, with LooksRare seeing a $750k turnover day. A new project called Potatoz has posted a $2.9M day, grabbing 17% of the EVM-based NFT volume.
Of the Blue-Chip projects, BAYC saw its floor price soften to 88 ETH on a $2M turnover. MAYC was slightly better with $830k in volumes with floor price back above 17 to 17.29 ETH. Most of the other projects saw volumes decline anywhere from 20~60% day-over-day as the weekend has proven to be slow.Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard
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Headlines for NFTs today:
US ethics agency issues new rules for employees who own NFTs
Square Enix teams up with Enjin to make Final Fantasy VII NFT collectibles
SEC roils Coinbase insider-trading case by arguing coins are securities
Cristobal Balenciaga NFT To the Moon drop inspired by founder’s original designs is live
Three Arrows founders tell Bloomberg ‘the whole situation is regrettable’
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Enjoy the weekend!
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