gm - July 28th, 2022

gm 👋

Markets busted out the rally monkey after JPow’s 75bps hike and the US officially in recession. Hopium on the Fed saving the markets with more QE has kept things resilient (or TPTB has held up markets temporarily until zey dump). BTCUSD seeing healthy volumes of $66B, trading 3.3% higher to $23700. ETHUSD is also at higher volumes of $30B, almost double vs. yesterday, and is trading at $1720. With NFT/Metaverse names, $LOOKS is ripping higher, +11% to 42cents, while the others are up 2–3%.

EVM-based NFTs traded $14M on the day, with Solana-based NFTs hitting the $2M mark. OpenSea sees a healthy $15M of volumes, with LooksRare at $700k in the past 24hrs. All the new projects have disappeared from the rankings list, with only Ledger Market Pass coming close to the top 10 but having volumes drop 82% to just under $300k. Isekai and MoonCatz are no longer near the top after the buzz died down pre-reveal.

Blue-Chips however are seeing volumes return, with BAYC at $1.6M turnover and MAYC posting $1.5M. BAYC floor price saw no change, while MAYC floor price is up +6.1% to 17.5 ETH. Moonbirds are over half a $million in turnover with floor pricing up 7.6% to 21 ETH.

Check out our Dune dashboard for details →


NFT Headlines on the day:

How ENS Name Wrapper can turn domain squatting on its head

Solana Set to Open IRL Retail Store and Web3 ‘Embassy’ in New York

From the creators of Tron (the movie) — Cryptosaurs Trailer

Madonna ‘Hellbent’ on Buying $1.3M Bored Ape Yacht Club NFT — Now Deemed ‘Too Expensive’

Alameda Research Leads $3.25M Seed Round for Trustless Media

From Maverick to Mogul, Madonna’s Manager Guy Oseary Transcends the Music World to Take on NFTs

Binance jumps into NFT ticketing after UEFA League fiasco

Solana’s traction is impressive!


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