gm - July 29th, 2022

gm đź‘‹

Crypto markets look to take a chill pill after yesterday’s ramp-up post-Fed meeting. BTCUSD is up 2% to $23,500 on $48B of volumes, lower vs. yesterday albeit healthy. ETHUSD is up 1.4% to $1665, with a turnover of $25B on the day. NFT/Metaverse names are softer about 3% across, with $APE trading lower to $6.70.

EVM-based NFTs had a $16M volume day and Solana-based NFTs were at $1.8M turnover. OpenSea volumes were a touch lower to $10M, with LooksRare at just under $1M, excluding wash trading. Sorare volumes were healthy at $1.1M, and CryptoPunks were just under $1M.

Blue-Chip projects had a decent turnover day, with BAYC on top with $2.1M turnover, as floor price slips to 85.33 ETH. MAYC also seeing good volumes of $1.3M, with floor prices holding steady at 17.45 ETH. Otherdeed made it to the top 5, on $1.1M volumes, though floor price does remain soft at 2.24 ETH — in line with other Metaverse land plots such as Sandbox and Decentraland. Meebits sees a decent pick up in volumes of almost 7x with $800k trading hands. Azuki also saw good action with half a $million trading, with floor price inch closer up to 10 ETH.

Check out our Dune dashboard for details →


NFT Headlines on the day:

ApeCoin Proposal to Fund 24-Hour BAYC News Site Wins Community Approval

City of Miami to Launch 5,000 Ethereum NFTs with TIME, Mastercard, Salesforce

A16z Leads $50M Seed Round for Gary Vaynerchuk’s NFT Project

KuCoin Becomes the First Centralized Exchange to Launch NFT ETF to Support Blue-Chip NFT Investments

Axie Infinity CEO Moved $3M in Tokens Before $622M Hack Disclosure: Report

Ethereum’s Final Testnet Merge Set for Early August

This MetaMask Ethereum Wallet Update May Help Thwart NFT Scams

Step-Counter App Sweatcoin Raises $13M to Fund Leap Into Web3


Please let us know your thoughts at [email protected]

Buy an NFT now and pay later →