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 →


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

Premint to Return $500K in Ethereum to NFT Hack Victims

Three Arrows founders tell Bloomberg ‘the whole situation is regrettable’

Screenshot of the new Metamask update for safer SetApprovalForAll handling


Enjoy the weekend!

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