gm - July 30th, 2022

gm 👋

Crypto markets continue the rally over the weekend, with BTCUSD leading the way, now trading at $24,475 a +1.5% day on $56B. ETHUSD softer 0.6% to $1720 on decent volumes of $18B. NFT/Metaverse names are strong, $MANA leading the way +6.5% and $AXS up 5.7%. $APE, $SAND, and $LOOKS are up 3–4%.

EVM-based NFTs had $13.5M change hands in the past 24hrs, while Solana-based NFTs had a lower turnover of $1.4M. OpenSea shows $14.7M on the day while LooksRare sits slightly above half a $million. Potatoz posted a strong day of $1.3M turnover post-reveal, and Sorare is $750k on the day. NFT volumes as a whole are down 17% day over day.

Blue-Chip NFTs were relaxed, with only BAYC sticking out with $2.1M volumes with the floor price hanging tight at 85.33 ETH. Most projects saw volumes softer 10~30% day over day. VeeFriends hasn’t picked up in volumes at all despite the headline news yesterday of the project's closure of a $50M Seed Round led by a16z.

Check out our Dune dashboard for details →


Headlines for NFTs today:

Ethereum NFT Sales Hold Steady in July as Trading Volume Sinks Further

Why We Need NFT Ticketing for Sports Events

Are CryptoPunks the Only Blue-Chip NFTs? (requires subscription)

This MetaMask Ethereum Wallet Update May Help Thwart NFT Scams

Epic Games CEO Tim Sweeney Refuses to Ban NFTs on Epic Games Store

via Bankless


Happy weekend all ✌️️

Please let us know your thoughts at [email protected]

Buy an NFT now and pay later →