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 → https://dune.com/lhagiimn/cyan-market-dashboard
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Headlines for NFTs today:
Ethereum NFT Sales Hold Steady in July as Trading Volume Sinks Further
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
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Happy weekend all ✌️️
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