gm - November 21st, 2023

gm 👋 NFT volumes on top 5 chains: $31M 1. Bitcoin NFTs: $13.9M 2. Ethereum NFTs: $13.6M 3. Solana NFTs: $1.9M Collections 1. BAYC: $2.0M (30 trades, 22 buyers) 2. MAYC: $1.6M (119 trades, 81 buyers) 3. Gods Unchained Cards: $0.8M Top sales 1. Art Blocks #78000456: $224k 2. Art Blocks #78000525: $172k 3. Art Blocks #78000670: $147k ---

- Blur season 2 ends with a bang, as over 300M $BLUR tokens were airdropped (about $90M at current prices). Hanwe got the most with $7M worth, though it's unclear how much they spend on wash trading. Machi got $2M worth after having spent what some claim is $14M in wash trading. - With the announcement of Blur season 3, a new L2 is launching called Blast. Staking $BLUR earns points on the new L2, and migrating ETH over earns an airdrop of the new L2 token. An MLM style of recruiting is being used to attract new users - So far, Blast has collected $42M in TVL, and Pacman raised $20M for the L2 - Leverage on Blend is starting to fade, as APRs normalize and the 100% LTV loans disappear as lenders no longer have as strong an incentive - SEC has sued Kraken, again, for listing securities - The DOJ has offered Binance a settlement of $4B (4!) and for CZ to admit wrong doing

Blur's new L2 called Blast has an interesting way of recruiting new users