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gm - November 22nd, 2022

gm 👋

Crypto markets go through some intra-day volatility as shenanigans on Curve and Aave spill over to ETH price movement. Without getting into too much detail, some loans are causing questions about Aave’s handling of assets on the protocol, as it seems one wallet operator is responsible for moving assets between CEXs. Protos has a great article detailing the situation. DCG isn’t out of the clear yet, with no news on the $1B fundraising to fill the gap left by Genesis Trading. Ethereum looks flat on a 24hr basis, trading at $1134. Bitcoin is flat as well at $16160.

NFT volumes are at $13M for the day, with ETH-NFTs posting $11M and Solana-NFTs at $1.5M. Hate to sound like a broken record, but Gods Unchained prints $500k to put ImmutableX on the map and the top 5 projects are the usual suspects. BAYC is at the top with $3M across 39 trades, followed by CryptoPunks, Sorare, Otherdeeds, and MAYC.

Snapshot of Blue-Chip NFTs

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

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NFT headlines:

Industry expresses confidence in the NFT space amid the FTX collapse

Ethereum Metaverse Game The Sandbox to Launch LAND Sale With Playboy, Tony Hawk, Snoop Dogg

NFTs, Crypto Banned From GTA Online Servers

refik anadol translates MoMa’s vast collection into mind-bending AI-based visuals and NFTs

Instagrammers may soon be able to buy and sell NFTs without using cryptocurrency

Messi and Ronaldo Lead World Cup NFT Bonanza